Helen Morrissey

More joint life and inflation-linked policies purchased

Pensioners over-taxed by £1.3bn since 2015

Dramatic spike in government borrowing costs

Single state pension increases to £11,975 per year

Conjecture driving savers to withdraw ‘excessive funds’

Annuity sales up 38.7% to 80,061 in 2023/24

LISA reform needed: ‘It is a worst of both worlds’

Savers reclaimed £57m from HMRC in April, May and June this year

An estimated 37.4 million income taxpayers for the 2024/25 tax year

Provider has 3,794 SIPP millionaires on its client roster