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.
A third of over 50s expect to delay retirement, which is an increase of 15% compared to last year, according to research by The Saga Annuity Service. Trade work, office work and health and care work are the most common careers keeping people in the workforce past retirement.
In 2013, the majority of UK pension schemes find themselves with a deficit hole to fill.
A quarter of working people over the age of 55 are not paying into a pension, according to new research by Confused.com. This highlights a worrying reliance on the state pension, which currently stands at £110.15 per week.
LV= has increased the maximum assumed investment return (AIR) on in its investment linked annuity, Pension Income Plus Annuity, from 4% to 5%.
Fidelity Worldwide Investment and Annuity Direct are set to join forces with the aim of delivering excellent retirement outcomes to Fidelity's customers and providing Annuity Direct with the support it needs to continue to grow its business.
A British retiree's annual income is less than that earned by a graduate in their first job, according to research carried out by Skipton Financial Services.
The HIPpies ‘home is pension' generation has doubled in the last year, according to retirement specialist LV=, as more than half (52%) of working homeowners over 50 (3.5 million people) plan to use the equity in their home to fund their retirement - compared to a quarter (28%) in 2012.
TD Direct Investing has revealed research showing that one in five women don't save any monthly income for retirement.
Sixty is the perfect age to retire, according to a study of 1,500 adults aged 50 and over, which considers the financial, emotional and recreational needs which determine the ideal age of retirement.
One in five workers (19%) in the UK expect that they will never be able to afford to retire fully, according to HSBC's The Future of Retirement report.
MGM Advantage, the retirement income specialist, has asked people who have purchased an annuity how truthful they were in declaring health and lifestyle factors.
Nearly three quarters (73 per cent) of the UK’s 10.4 million pensioners own their own home, although more than a quarter (26 per cent) expect to sell their property to raise money or simply to make their life easier, according to research from Prudential.
A fifth of men (17%) in the UK would consider dipping into their retirement funds to cope with tough times as a result of unforeseen life events compared to just a tenth of women (10%), according to a new study by HSBC.
For millions of Britain's retirees, the first five ‘golden years' bring life changes, which can impact their financial circumstances, or alter the most suitable way of structuring their retirement income, according to research from retirement specialist LV=.
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