Pensions, savings and investments

£7.6 billion accessed via pension freedoms

Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC.

Pension Schemes Bill places cap on exit charges

The Pension Schemes Bill from the Department of Working Pensions includes provisions to strengthen legislation on exit charges.

State pension age consultation begins

The government is reviewing the state pension age to ensure it remains affordable and fair to everyone.

Government to form single financial guidance body

A single financial guidance service, delivering debt advice, budgeting and pension guidance will be set up by the government.

6 million over 50s in debt

Almost a third of people over the age of 50 are dealing with financial debt, repaying an average of £12,000.

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