Hargreaves Lansdown

Lawmakers must clarify what is meant by advice so it can be made more widely available, industry figures have told the work and pensions select committee.

Proposals from Labour leadership contender Jeremy Corbyn to let some workers retire earlier could double the cost of providing them with a state pension, warns Hargreaves Lansdown.

People do not understand or value tax relief on offer for pension contributions, and would welcome a flat rate of relief, according to two pieces of research.

There has been a significant rebound in the asset values of UK defined benefit (DB) pension schemes since this week's ‘Black Monday' stock market turmoil.

The FTSE 100 index has plummeted 14% from its peak of almost 7,000 in February to 5,996 as fears over Chinese stocks took hold.

The Consumer Prices Index (CPI) 12-month rate edged up to 0.1% in July, the sixth successive month it has been at or around zero.

The Treasury will net an extra £700m in tax this year as a result of the pensions freedom and choice reforms, Hargreaves Lansdown has projected.

The National Employment Savings Trust (NEST) has revealed plans to deliver in-scheme drawdown and deferred annuities in response to the ‘freedom and choice' reforms.

Concerns of a Greek default on its €1.5bn (£1.1bn) repayment to the International Monetary Fund (IMF) due by the end of the month are mounting.

Chancellor George Osborne revealed that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.