Pensions, savings and investments

The government’s pension scheme for lower income employees is not to be introduced fully until 2016, a year later than originally planned.

Employers will still have the right – for now – to ask employees to retire at the age of 65 following a judgement in the High Court.

The levy raised by the Pension Protection Fund (PPF) in order to safeguard the savings of pension scheme members is running the risk of hampering the economic recovery.

The government has been urged to review a rule that boosts incomes from final salary pension schemes by the rate of inflation each year.

Anyone aged over 50 will be able to invest more in tax-free ISA savings accounts as of next month.

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