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Pension News

More than 1 in 8 of over 50s has been targeted by pension fraudsters

Over one in eight (13%) of people aged 50 and over have been approached by fraudsters, promising to release more than the 25% lump sum or to gain early access to pension savings, research from Fidelity Worldwide Investment reveals.

Chancellor abolishes 55% tax on pension funds at death

People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.

Record 3.4 million Brits relying on employers for retirement planning advice

Increasing numbers of employees are choosing their employers for advice on retirement planning according to the latest consumer research by Baring Asset Management.

State Pension £1,300 a year top up: the countdown begins

Pensioners have 1 year to go until they can obtain State Pension top-ups worth up to £1,300 a year.

Number of people not planning to retire remains at record level

One in seven (14%) non-retired people, the equivalent of around 5 million individuals, do not plan on retiring, according to the latest consumer research by Baring Asset Management.

Pension changes: less than a third of UK adults feel they will benefit financially

In March 2014, Chancellor George Osborne announced radical reforms to UK pensions, including greater flexibility to access pension money, changes to tax rules on pension withdrawals and free advice for pensioners.

Brits believe 22 years is the right length for a retirement

British adults at or approaching pension age believe that people should spend an average of 22 years in retirement, according to a new survey from Towry, the wealth adviser.

People using property to fund retirement reaches record numbers

One in 14 (7%) non-retired people – the equivalent of around 2.5 million individuals – admit they are planning on selling their primary residence to fund their retirement, according to the latest consumer research by Baring Asset Management.

Lack of saving leaving UK pension pots lacking

A relative lack of effective saving is leaving the average Briton in line to struggle significantly in financial terms throughout the course of their retirement years, according to a new report.

Inside Out: why millions of Britons are saying 'no' to private pensions

An exclusive survey commissioned by the BBC’s regional current affairs programme, Inside Out reveals new evidence on why millions of British adults do not have a private pension.

1 in 3 Brits plan to use the markets in retirement

New research from MGM Advantage suggests that UK adults are planning to use equity investments to help them outstrip inflation and manage the rising cost of living.

Life in retirement - pensioners in Dorset thoroughly endorse it

Dorset is the best place in England and Wales to retire, according to new analysis from Prudential. Pensioners in the county enjoy the highest quality of life based on a new quality of retirement index that has been developed by the insurer using a selection of publicly available ONS data.

Victory for consumers as pension saving limits to be scrapped

Restrictions limiting the amount that millions of British workers can save towards their pensions are now set to be scrapped.

Number of people not planning to retire remains at record level

One in seven (14%) non-retired people, the equivalent of around 5 million individuals, do not plan on retiring, according to the latest consumer research by Baring Asset Management.

Women will be hardest hit by retirement finance reforms

New research and analysis from MGM Advantage suggests women are likely to be hit hardest by the retirement finance reforms announced in this year’s Budget, as they are not only less likely than men to seek or value financial advice but also less aware of the products and services available to them.