The Economic Affairs Committee has said that the operational independence of the Bank of England (BoE) should be preserved but “reforms are vital” to improve its performance
Two fifths (41%) of over-50s have said the cost of living crisis is the main barrier preventing them from securing the retirement income they think they’ll need, Standard Life has found
Millions of people in the UK could be heading for difficulties later in life, as research has suggested that poor understanding and low take-up of long-term investing could risk their financial security
Less than three quarters (73%) of the total amount of pension credit that could have been claimed in the 2022 financial year was not done so, the Department for Work and Pensions (DWP) has found
HM Revenue and Customs (HMRC) repaid a total of £61.3m to people who overpaid tax when they flexibly accessed their pensions in Q3 2023, up from £33m in Q3 2022, the latest Government pension schemes newsletter has revealed