Pension News
East Midlands top for pension savings
People in the East Midlands save more into a pension each month than any other region in the UK, according to research from Standard Life. On average, they save £172 a month towards their pension, £35 more than average.
Millions ignorant to risk on pensions and investments
More than a third (39%) of Brits have never made a change to the risk profile of their pension and investments, according to Baring Asset Management ("Barings").
One in three UK workers don't have a pension
More than one in three (35 per cent) workers in the UK admit that they don't have a pension, meaning that they will have to rely on the State Pension and any savings in retirement, according to research by Prudential.
Time to force annuity buyers to shop around for best pension deal
The Government must move quickly to make it obligatory for pension firms to inform customers that they can shop around for the best deal when it comes to turning their pension pot into an annuity, a so-called ‘income for life’.
F&C's pension scheme tops UKSIF's sustainable pensions survey
F&C Asset Management Pension Plan has topped a survey on sustainable pensions by UKSIF, the sustainable investment and finance association.
Spain again tops overseas retirement hotspots
Standard Life has revealed the top retirement hotspots outside the UK. These are: 1st Spain; 2nd Australia; 3rd USA; 4th France; 5th Ireland.
Extreme market volatility puts emphasis on guarantees
MetLife believes that the near-retirement and in-retirement segments need to focus on investment guarantees and protection products in the light of the current very challenging stock market volatility.
13.6 million UK adults without a pension
A staggering 38% of British adults (13.6 million) do not have a pension, according to research from Baring Asset Management (Barings), the international investment management firm.
Pensions shortfall will give biggest boost to equity release sales
The majority (98%) of IFAs believe equity release will be a big future growth area and crucial in meeting the needs of the UK's ageing population, according to research from LV=.
Rise of the centenarian increases the focus on longevity innovation
New Government analysis forecasting a dramatic rise in the number of people living to 100 is increasing the need for innovation and flexibility in retirement income planning, MetLife says.
Alliance Trust Savings extends summer offers
The market leading summer offers recently announced by Alliance Trust Savings have been extended due to popular demand, giving investors more time to take advantage of the summer offers on the Alliance Trust Savings Select SIPP and Investment Dealing Account.
Alliance Trust predict surge in flexible drawdown
Alliance Trust Savings, one of the country's leading SIPP providers has predicted a surge in advised flexible drawdown business as a result of the 2011 Finance Bill gaining Royal Assent.
Retirement income worries and lump sum regrets for pensioners
More than two in five pensioners (43 per cent) say they are living a ‘cautious' retirement as they worry about having sufficient long-term income to get by, according to new research from Prudential.
Don't let care home fees erode a lifetime's wealth
Many of us plan for inheritance tax to stop chunks of our estate going to the tax man instead of our children. But there’s a much greater threat to your lifetime’s wealth that few people think to prepare for.
AXA Wealth Family Suntrust offers flexible drawdown
AXA Wealth is introducing a flexible drawdown option for eligible members of its family SIPP; the AXA Wealth Family Suntrust (‘FST').