Investment

Young people in Britain are saving nearly one fifth of their monthly disposable income, which is more than any other age group - but only 12% are using this money to save for retirement, according to research by asset manager BlackRock.

GROUP RISK

Pensions minister Steve Webb has announced the Department of Work and Pensions will publish its Reinvigorating Pensions report on 22 November.

Retirement Planner's round up of the top pensions stories this week.

A cut to the annual allowance in the Autumn Statement would hit middle-class savers who increase contributions to their pension pot later in life, the industry warns.

George Osborne is considering a new tax raid on the pension contributions of richer voters, after rejecting the idea of a "wealth tax" based on higher council rates for luxury homes and apartments.

Few people are prepared to save enough of their salary in a pension to achieve a comfortable retirement despite knowing the 8% auto-enrolment minimum is not enough, a Friends Life survey has found.

Auto-enrolment for 4 million people who are members of hybrid pension schemes could be delayed until 2017 through a loophole in the legislation, a consultancy has warned.

Equiniti Group has agreed to sell Xafinity Consulting business to CBPE Capital.

The Treasury has confirmed rumours that it will launch a consultation on income drawdown limits are untrue.