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PLSA and ABI call for greater pension investment

The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have called on Government to boost UK growth through greater pension investment in four key areas.

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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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