A TYPICAL earner’s pension pot could increase by more than £1,000 a year under radical new plans, the Chancellor has announced.Jeremy Hunt tonight announced new plans which could boost pension pots for BritsThe changes will increase the typical earner's pension pot by 12 per cent bringing a total boost by as much as £16,000 for those who save over the course of their career.
Leading pension firms will also commit to allocating 5 per cent of their assets into unlisted equities by the end of the decade. It comes as analysis shows that over a five-year period a saver with a pot of £10,000 could have lost £5,000 with a poor-performing scheme.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BBCNews - 🏆 3. / 97 Read more »
Source: SkyNews - 🏆 35. / 67 Read more »
Source: LBC - 🏆 17. / 74 Read more »
Source: Daily_Record - 🏆 9. / 89 Read more »
UK plans to improve employers’ access to pension surpluses\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: FT - 🏆 113. / 51 Read more »
Source: i newspaper - 🏆 8. / 89 Read more »