Pensions, savings and investments

Both employers and employees have stepped up their level of investment in defined contribution pension schemes over the past two years.

Savers aged over 50 now have the chance to invest more in tax-free ISA savings accounts.

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.

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