The family heirloom is under threat because younger generations are more interested in receiving a cash inheritance from their parents, say financial services provider, NFU Mutual.
People who purchase an annuity at retirement typically opt for a level pension rather than one that starts at a lower level but increases each year at a fixed rate or in line with inflation.
Graduating from a lifetime of labour to one of leisure is a major lifestyle change and a huge shift in anyone’s day-to-day routine.
Research by retiresavvy.co.uk has revealed almost half (46%) of Brits disagree with the change of State Pension Age for women, believing the government should stick to its original promise.
Struggling house buyers desperate to get on the property ladder could benefit from a ‘Help to Buy Pension’, NFU Mutual has said.
Despite the news that there will be no further radical reform to pensions in the Budget next week, it is still no surprise that Britain’s biggest financial fear is not having enough money to live on throughout retirement (41 per cent).
One in four wealthy investors (24%) is shunning private pensions in favour of stocks and shares ISAs, according to new research from The Share Centre.
New research from Aegon UK reveals that over half (56%) of people aged over 55 have either experienced or expect to experience a lump sum expense during their retirement years.
New research from Retirement Advantage, the retirement specialist, shows that despite the new pension freedoms introduced in April, over a quarter of people aged over 50 don’t know how much money they have saved in order to fund their retirements.
Nearly two in five (37 per cent) homeowners over the age of 55 are planning at least one more property purchase in their lives, according to new research by Prudential.
Just over half a million people in the UK [631,000] intend to use all or part of their pension to help repay their mortgage balance reveals new research from specialist insurer, Partnership.
One in three working Brits (35%) are relying on inheritance in order to achieve a stable financial future, but they could be in for a shock, according to a new study.
Young adults are the most unrealistic about their pension goals, according to new research from Aegon UK. Those aged 16 to 24 are hoping to retire with an average annual income of £64,000 a year, nearly six times the average income they are on track for.
The South West of England is the place to live if you want a long, healthy and safe retirement, according to a new league table of pensioner wellbeing developed by Prudential.
More than one in five (21 per cent) pensioners have gone back to work since they reached the State Pension age, or are planning to do so in the future, according to new research from Prudential.
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