The Treasury has relaxed pension tax rules to allow more retired key workers, such as police officers, to return to duties to help tackle the impact of the Coronavirus outbreak.

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The Office for National Statistics says its research has found that men and women both report enjoying the happiest times of their lives between ages 65 and 74.

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Retired household incomes rise above 2008 crash levels

Average income for retired households continued to rise following the economic downturn and has gone above the 2007/08 level – in contrast to non-retired households which have failed to get back to that same peak.

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Nigel Green, chief executive of global financial advisory firm deVere, has forecast that a growing number of retirees will consider "higher risk-higher return investments" as a result of the Bank of England's February statement that interest rates are likely to remain low until the end of the decade. Read more...