Pension News
Pensioners own property worth £749.45 billion
Retired homeowners have total property wealth owned outright of up to £749.45 billion in the face of ongoing housing market volatility, research from leading independent equity release adviser Key Retirement Solutions shows.
Price key factor when choosing financial products
With competition rife on the high street, everyone claims they have the best deal when it comes to mortgages, pensions or investments – but how much do people actually know about the features of the financial products they are purchasing?
Flexible income route can reduce inheritance tax bill for pensioners
People who are eligible for flexible income drawdown on their pension savings can use the scheme to significantly reduce their inheritance tax liabilities, according to investment specialist Skandia.
How to make your baby a millionaire
Alliance Trust Savings, one of the country's leading SIPP providers, has shown that parents could make their baby a millionaire by simply contributing just £83 per month or making an annual contribution of £960 to a child SIPP.
Nearly one in five will retire in debt this year
Nearly one in five (18 per cent) of those planning to retire this year will do so with outstanding debts, according to figures released by Prudential.
Drawdown rules contributing to pensions cut of nearly a third
SIPP provider A J Bell is pressing the government to act as new rules on income drawdown combined with near record low gilt yields have led to a 32% cut in retirement income for many pensioners.
Alliance Trust offers gift voucher to new Select SIPP customers
Alliance Trust Savings has launched a New Year special offer for SIPP customers giving them a £100 John Lewis gift voucher for every new Select SIPP application made between the 9th January and 15th February 2012.
Expected retirement incomes hit five-year low
People retiring in 2012 expect to live on an average annual income of £15,500 - over £1,000 a year less (six per cent) than those who retired in 2011.
SIPPs in danger of being used unnecessarily
One in four people who invest in a SIPP have the vast majority (90% or more) of their assets held in either a Unit Trust or OEIC, according to research from Skandia's latest Adviser Confidence Barometer.*
It’s never too early to start planning for retirement
Retirement is a lifetime away and you’ve got a lot to do before you trot out to that pasture.
Income drawdown customers have option to retain 120% max income
In April last year the Government made some fundamental changes to the retirement income market, including the removal of the need to buy a secure income with a pension fund by age 75.
Brits look to Caribbean for pension property
International Property Success have reported a surge in interest for SIPP approved property in the Caribbean from disgruntled Brits unhappy with their pensions.
UK workers seek simpler ways to manage multiple pension pots
Britain's workers are struggling to manage their pensions savings because they are scattered across numerous employers in small workplace pension pots, new research from Aviva shows.
Pension knowledge gap will mean 'rougher ride' for women
But though they may excel in budgeting for the family, new research shows women still lag behind when it comes to pensions.
Which? warns against over-50s plans
Over-50s plans could leave pensioners thousands of pounds out of pocket, and the payout often falls well short of what they'd earn in a cash Isa, according to new research from Which?