Pensions News

Men and women are said to be poles apart in so many ways, but recent research from The Hartford, conducted in conjunction with YouGov, shows that differences are particularly stark when it comes to attitudes towards retirement.

Directors of the UK's top companies can retire on pensions of over £200,000 a year, according to the TUC PensionsWatch survey.

Pension savers risk losing out on as much as £10,000 because of delays in transferring funds into retirement income, Virgin Money warns. Its warning comes after the Financial Services Authority revealed six out of 10 customers converting pension funds into annuities faced delays in receiving their payout.

The Government is going to make a change to pensions legislation which will help many divorced people, especially women.

The National Association of Pension Funds (NAPF) has launched HR PensionsConnection, a new specialist service aimed at providing information and support to HR professionals involved in their organisation's workplace pension.

Hopes of preventing damage to UK workplace pensions following the introduction of the Government's latest savings initiative in 2012 have suffered a major setback.

Scottish Life, the pensions specialist arm of the Royal London Group, has relaunched a range of support material for employers and advisers to help them set up and run successful salary sacrifice schemes.

Older people are being urged to claim Pension Credit today while they may still be able to benefit from up to a year's backdated lump sum.

Standard Life has developed new investment options which extend the range of less volatile forms of investment available through its individual, group and Wrap SIPPs.

PENSIONSFORCE, the free-of-charge workplace education service designed to help employers help their employees plan for retirement has launched a new website, pensionsforce.co.uk.

Commenting on ONS figures showing pensioners outnumber children, Ian Naismith, head of pensions market development at Scottish Widows said: “As the number of people over traditional retirement ages continues to increase, the Government simply can't afford to fund our retirement from age 60 or 65.

With improvement in longevity, Legal & General believes that with profits annuities will increasingly be of more interest to advisers as an alternative option to conventional annuities, for those customers who are prepared to accept an element of risk.

Investors could miss out on the benefits of consolidation if they fail to take advantage of the new ability to transfer protected rights come the 1st October 2008, says Fidelity International.

Legal & General is urging people to consider the devastating impact that having a critical illness could have on their ability to save into their pension.

AEGON research reveals a significant shift in the way 50 to 65 year-olds are viewing retirement, showing how role models such as Harrison Ford and Madonna are turning the ‘baby boomers' into a generation of ‘grandad-olescents'.