Pension

Pension

Pensions savers face debt hurdle due to cost of living

Stay informed with free updatesSimply sign up to the Pensions myFT Digest -- delivered directly to your inbox.A quarter of older workers are using their tax-free pension lump sum to pay off loans, according to a survey, which highlights how the growing burden of debt is weighing on UK pensions savings.A poll published on Thursday by platform Interactive Investor showed that about a quarter of those aged over 55 had drawn down from their pension to pay off debt, up from 22 per cent last year. Two-fifths of nearly 5,000...
Pension

Britain’s life sciences sector needs a shot in the arm

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shortly after this year’s 70th anniversary of British researchers’ discovery of the double helix, Prime Minister Rishi Sunak declared, as he unveiled a plan to turn the UK into a scientific “superpower”, that science and innovation “have been in our DNA for decades”. Yet for life sciences, a vaunted UK strength, the future is cloudy. Even as Merck of the US prepares to break ground on a £1bn London research centre, its...
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