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Pension News

‘Pensioner’ bonds will pay the best available interest rates

The government’s 65 plus bonds will pay savers the best available interest rates.

Buy-to-let investments are set to land retirees with big tax bills

Major changes to pensions could potentially be bad news for retirees looking to invest in buy-to-let property, as they could be hit by five separate taxes, according to Newby Castleman Chartered Accountants.

Self-employed 'cannot afford to save into pension'

More than two out of five (43 per cent) self-employed workers have no pension savings and say they cannot afford to put money away for their retirements, according to new research from Prudential.

Retirees use tax-free cash to pay off debt

MGM Advantage has published new research showing how retirees use pension lump sums to pay off debt, which indicates how pension cash unlocked following the new freedoms available from April 2015 could be used.

Young men wise up to pension planning - but women fall behind

Traditionally the financial advice industry has found it difficult to engage with younger people on pensions, but new data from Selectapension has discovered that younger male clients are now wising up to the need to plan early.

Nearly a fifth to miss out on new full state pension

Nearly one in five (18 per cent) adults do not believe they will qualify for the full flat rate State Pension of £155 a week, which is due to come into effect on 6 April 2016, according to new research from Prudential.

Private pensions enjoy new lease of life

New figures show the private sector industries and occupations which have seen the most significant growth in pension saving since 2012.

Five top tips - key retirement considerations for SME workers

For many small business (SME) owners, the time they take running their business can lead them to neglect considerations such as planning for your retirement.

One in three retirees see health worsen in first five years of retirement

Significant life changes occur for millions of Britain’s retirees in the early years of their retirement, according to research from retirement specialist LV=.

Half a million plan to repay mortgage borrowing with pension funds

More than half a million 40 to 70 year olds in England intend to use part or all of their pension to repay their mortgage balance reveals new research from specialist insurer, Partnership.

Two-fifths admit to never reviewing their retirement plans

Just under two thirds (64%) of non-retired people – the equivalent of 23 million people – admit to not reviewing their pension plans at all over the past four years, according to the latest annual consumer research by Baring Asset Management.

45% tax charge shock for 2015 pensioners

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.

Retired women feel they need £9,000 per year less than men to be ‘financially comfortable’

New research from MGM Advantage, the retirement income specialist, reveals alarming disparities between the retirement finances of men and women.

Pensions market shake-up puts savers first and enshrines value for money in law

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.

Do annuities offer enough value to survive the Pension Revolution?

Following the Budget announcements in March, George Osborne declared that “No-one will have to buy an annuity”.