Even small withdrawals from pensions next April could trigger the highest rate of income tax, according to analysis of draft guidance from HM Revenue & Customs by financial services provider, NFU Mutual.
New research from MGM Advantage, the retirement income specialist, reveals alarming disparities between the retirement finances of men and women.
New measures which will protect savers’ interests and boost many people’s personal pension pots by thousands of pounds have been outlined by Pensions Minister Steve Webb.
Following the Budget announcements in March, George Osborne declared that “No-one will have to buy an annuity”.
New DWP figures show that automatic enrolment is continuing to play a major role in reversing the decade-long decline in private sector pension saving.
Couples in the UK are happy to talk about their money, but struggle to turn these conversations into concrete financial plans for the future, according to research from Prudential.
MGM Advantage, the retirement income specialist, has shown the benefit of using equities as part of a retirement portfolio by calculating the increases in income from its investment-linked annuity (Flexible Income Annuity or FIA).
Universal age related benefits form part of the social contract between the generations. Contributions have been made throughout the working life of many older people and they now understandably expect support us in later life.
Scottish Widows has launched a new website to help customers explore and understand the options available to them as they approach retirement.
When it comes to looking after their nest eggs, the UK’s over 65s are the savviest and ‘switchiest’ savers, according to research commissioned by Gocompare.com Savings.
An extra 200,000 pensioners will get money off their energy bills this winter, as the Warm Home Discount scheme expands for the fourth year.
Millions of UK adults are relying on the Bank of Mum and Dad for financial help, until their own retirement, according to research from Gocompare.com.
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.
People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.
Increasing numbers of employees are choosing their employers for advice on retirement planning according to the latest consumer research by Baring Asset Management.
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