Savings

Savers need long-term mindset, report says.

Lack of advice could lead to ‘dangerous decisions’, ABI warns.

Increasing flexible withdrawals ‘could cause inheritance tax problems’.

One in five are “worse off than they expected to be”.

Participation rates still fall behind medium and large businesses.

Combined employer-employee contributions increase to 8%.

Most pension schemes to be included within three to four years.

Retirees seek advice on pension options

Average income stands at £304 per week.

The DWP tells providers to produce clearer pension documents.