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  • Andrew Tully, technical director at Canada Life, said the latest figures from HMRC show that many pension savers are having to dip into their retirement funds in order to make ends meet during the cost-of-living crisis.

    Hard-pressed pension savers withdraw 23% more cash in Q2

  • The Treasury building

    Pension Triple Lock may be under threat

  • The current auto-enrolment system is not leading to adequate living standards in retirement, according to the new ‘Protecting pension savers’ report from MPs on the Work and Pensions Select Committee.

    MPs urge auto-enrolment revamp to boost pensions

  • Scottish Widows’ Women and Retirement 2022 report surveyed 5,025 UK adults between 8 March and 15 March 2022.

    1 in 5 younger women failing to save for retirement

  • Search interest and % increase in annuity rates

    Google searches for annuities soar 50%

  • Research was commissioned by HSBC Tomorrow Master Trust and undertaken by Professor Andrew Clare of Bayes Business School, in association with Hymans Robertson.

    Pension savers losing £1.7bn a year

  • The cost of living crisis has pushed up the cost of two years of care by £85,000

    Rising care costs push retirement pot need to £470,000

  • Funding adult children could dent the retirement standards of both the adult children and their parents

    1 in 4 advised clients funding adult children

  • The top reasons given for not currently saving included having other financial priorities, affordability, and ceasing contributions to a pension after becoming self-employed

    Half of self-employed failing to save into a pension

  • A third of non-advised investors were unsure about the best approach to take, in comparison to 17% of those taking regulated financial advice.

    Financial advisers driving annuities revival

  • Close to a third (31%) of those surveyed said they had three of more pensions

    1 in 4 Britons have lost track of a pension

  • The FSCS surveyed 2,001 UK residents over the age of 50

    2 in 3 over-50s shun annuities despite benefits

  • YouGov surveyed 5,072 Britons on behalf of Scottish Widows between 21 March and 5 April.

    1 in 3 to face hardship in retirement

  • Nearly a quarter (23%) of those who had cut back on retirement savings in the past year had done so multiple times.

    Most over-55s maintaining pension saving

  • John Moret is principal of MoretoSIPPs consultancy

    SIPP assets to exceed £500bn within next year

  • Phoenix Insights surveyed 2,500 workers aged 45 and over across the UK.

    North-south retirement gap growing

  • Annuity rates are up sharply over the past year

    Annuity rates up 20% in a year

  • Only 15% of households are on track for a comfortable retirement income

    Less than 40% on track for 'moderate income' retirement

  • Charles Stanley's website

    9 in 10 mass affluent savers relying on State Pension

  • Steven Cameron, pensions director at Aegon

    Cost of living hitting those in 50s hardest

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