One in seven (14 per cent) of those planning to retire this year has made no personal pension provision and will be either totally or heavily dependent on the State Pension, according to research by Prudential.
In response to the Budget, retirement income specialist, LV= is launching a one year fixed term annuity.
Britons struggling to achieve a comfortable retirement could be blissfully unaware that they’re sitting on a goldmine – as many people over 50 don't know the true value of their property, a poll has revealed.
New research from MGM Advantage, the retirement income specialist, shows the risk people are willing to take managing their own pension savings.
Over four-fifths (83%) of pension funds now have exposure to multi-asset strategies, according to the latest industry poll by Baring Asset Management (“Barings”).
Customers will get more help to achieve better outcomes when they turn their pension savings into a retirement income, the Association of British Insurers announced.
People who are too successful in saving for their retirement through a pension will penalised with a 55 per cent tax rate when the lifetime allowance threshold (LTA) is reduced from £1.5m to £1.25m on April 6, says ACCA (the Association of Chartered Certified Accountants).
Maximising income is at the forefront of annuity purchasers’ minds reveals new research from Partnership.
Nationwide is challenging customers approaching retirement to shop around to secure the best annuity income - and if Nationwide’s Annuity Service can’t improve the customer’s pension provider’s offer, the customer will be given £250.
Rising numbers of self-employed workers in the UK could mean thousands of people miss out on a full state pension when they retire, warns ACCA (the Association of Chartered Certified Accountants).
The UK’s babyboomers are turning to a variety of assets to secure their retirement income, with 9% expecting to rely on family support, which may signal the start of a golden boomerang generation, according to research from AXA Wealth.
Retirees are making cutbacks wherever they can in order to help cover the rising cost of living, according to research by MGM Advantage, the retirement income specialist.
Women’s expectations of their financial wellbeing in retirement fall significantly short of what they think they will need to provide a comfortable retirement, according to research by pension provider Friends Life.
Picture the scene: a detached house with a garden in a village, 21 days abroad on holiday a year, 468 hours spent on your favourite hobby and 364 hours of precious time with the grandchildren each year.
Almost half (49%) of the nation’s retirees are sparking a retirement revolution by transforming the end of their working lives, with almost one in 10 (8%) choosing to change careers and one in 20 starting their own business.
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