SIPPs boom as people save 18% more

People saved 18% more into their Hargreaves Lansdown SIPPs in the current tax year up to the end of December when compared to the previous year (April-December).

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77% lack confidence about accessing their pension

More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.

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Only 4% of DB pension schemes still open to new members

One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.

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Pension savers 'risk losing thousands' on transfers

Pension savers could be left more than £70,000 poorer in retirement due to overlooking charges when they transfer their pension pots, provider People’s Partnership has warned.

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