A quarter of UK adults own stocks and shares, yet many are failing to make use of their tax-free stocks and shares individual savings account (ISA) allowance, research has claimed.
The Government must do more to inform individuals about the forthcoming single-tier state pension system which will affect around 40 million Britons, a report by the Work and Pensions Committee has said.
The amount that British savers are putting aside every month has reached its highest level for nine years, according to a survey by National Savings and Investments.
The number of defined-benefit private sector pension schemes in deficit fell again in February, after monthly decreases in January and December 2012, according to the latest figures from the Pension Protection Fund (PPF).
A new code from the Association of British Insurers (ABI) will help people approaching retirement better understand their options when it comes to making decisions about their pension income.
