Defined benefit (DB) savers may be accumulating too much in pension savings too soon, taking away from other financial priorities and choices, according to the Institute for Fiscal Studies (IFS).
The government should encourage people to save more into pensions after life stages such as when children leave home and after mortgages and student loans are paid off, the Institute for Fiscal Studies (IFS) says.
Around £6bn of UK pension fund monies should be invested in a National Renewal Fund aimed at recapitalising 21,000 growth economy businesses, a report suggests.
One in eight older workers have changed their retirement plans as a result of Covid-19, the Institute for Fiscal Studies says
Covid-19 has presented the ONS with significant problems calculating inflation during lockdown. Latest Institute for Fiscal Studies research examines the challenges faced.
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.