New research commissioned by the ABI (Association of British Insurers) has highlighted that the new pension dashboard presents a real opportunity to enable people to engage with their pensions and there is a distinct need for them to be interactive to meet younger people’s digital demands….
New research has shown that almost 50% of First-Time Buyers (FTBs) report not being able to afford a home without help from their parents. Most FTBs, 92%, said they would happily accept such help, with those aged 18-24 most likely to; and those aged 35-44 most likely to, only if done in secret or via an inheritance….
More than 5 million people are being warned not to be lulled into a ‘false sense of security’ and ensure they pay their self-assessment tax bill by the end of January 2022.
Over 23% of people in their 50s reported losing their job or income in the pandemic according to a new report  compared to the population average of 16%. Subsequently 18% of people in their 50s are now worried about having enough money in retirement….
Almost half of those accessing a pension are taking 8% or more each year, sparking fears that they could run out of funds. The FCA (Financial Conduct Authority) said a withdrawal rate of 8% or more was the most popular rate between April 2020 and March 2021, with this amount being taken from 161,755 pension pots equating to 45% of regular withdrawals……