Pensions

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Lifetime Isa sales fall short of predictions

The number of Lifetime Isa sales in the product’s first year have fallen around 34,000 short of government expectations. Savers have also placed around £400 less into the vehicle than predicted, according to statistics from HM Revenue and Customs this morning. There have been 166,000 accounts taken out in the first twelve months of the […]

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UK savers face sharp decline in retirement income

UK savers can expect to receive 29 per cent of their working income in retirement from mandatory pension schemes, which is less than half the Organisation for Economic Co-operation and Development average. The OECD today released its Pensions at a Glance 2017 report, which compares global pension systems. The report says the net replacement rate from […]