Mortgage payment breaks have been extended for homeowners who are being financially affected by the ongoing pandemic.
UK economic recovery slows to 2.1% in August. The UK’s economic recovery following sharp declines caused by the coronavirus lockdown continued to slow in August 2020, official figures show.
Pension freedoms age rising to 57 in 2028 dashes early retirement hopes. The age at which retirement savers can access their private pensions will increase from 55 to 57 in 2028 confirmed.
Help-to-buy equity loan scheme gets two-month extension. The Government has extended a loan scheme which is designed to help those who are struggling to save for a mortgage deposit.
Many workers in sectors that shut down during the COVID-19 lockdown could be facing a retirement savings crisis, according to a report. Scottish Widows polled 5,757 savers for its annual retirement report, which was undertaken in March 2020 – during the height of the pandemic.