UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
Unchanged from previous month
Retirees have seen their disposable income grow by around £3,000 since the end of the 2008 financial year, latest data reveals.
Over two-thirds of the eligible population are saving into a workplace pension, reaching a new all-time high, according to the Office for National Statistics (ONS).
The number of active members of occupational schemes has returned to the record high set 33 years ago, according to the Office for National Statistics (ONS).
This week's top stories included coverage of the Pensions Regulator issuing the maximum fine to a professional trustee, ABI's data on pension freedoms, and rising inflation.
The Continuous Mortality Investigation (CMI) has launched a consultation on proposed changes to the mortality projections used by pension schemes.
Research shows a potential drop in annual EU migration following Brexit could force the government to lower the state pension and further increase the age it can be accessed. Kristian Brunt-Seymour looks at the figures
Retirees can benefit from combining annuity and drawdown into their investment portfolio to avoid significant financial hardship in old age, according to a study.
Figures show contribution rates fell between 2014 and 2015, amid concerns people could have to work until their 80s. Kristian Brunt-Seymour asks if legislative measures are the answer.