Pensions
Top five equity release myths revealed
New research from Safe Home Income Plans (SHIP) has found a lack of understanding of the mechanics of equity release among consumers.
Families neglecting opportunities offered by workplace pensions
Families are viewing auto-enrolment as a positive step towards bridging the pensions gap, according to research from the second Aviva Family Finances Report. Three quarters (74%) of family heads say they would be happy to contribute to a scheme if their contributions were matched by their employer.
Quality of life crashes again for Britain's over 50s
Quality of life for people over 50 has declined in the past three months according to the latest Saga Quarterly Report.
Retirement income gender gap is £6,500 a year
Men retiring in 2011 expect to receive 50 per cent more pension income than women, according to research from Prudential.
Zurich launches Equity Linked Growth Account
Available immediately, the Zurich Equity Linked Growth Account 7 (ZELGA 7) runs for five years. It offers advisers and their clients the potential to earn 100% of any growth in the FTSE 100 Index, subject to an overall maximum return of 55%, whilst protecting their capital. Applications must be received by 13 June 2011.
Could you live on £140 a week?
Almost two out of three people (63%) think they could not live on £140 a week in retirement, rising to 72% for the 55 and over's, according to research from Standard Life.
Brits admit neglecting their financial wellbeing
Brits are burying their heads in the sand when it comes to their finances. Despite their best intentions, 17 million adults (35%) admit to neglecting their finances, according to the Scottish Widows Priorities of Life Index.
Leading mutual sees boost in sales over last 12 months
MGM Advantage, one of the UK's leading mutual societies, has seen a 14% increase in sales over the last 12 months driven by the launch of the new and innovative Flexible Income Annuity and the continued success of the Enhanced Annuity.
Over £70,000 worth of retirement income could be missed
The scrapping of the age 75 annuitisation rule could inadvertently encourage people to stay in drawdown for longer than is suitable and mean they risk missing out on the benefits of mortality cross-subsidy, warns MGM Advantage, specialists in retirement income and Intelligent Pensions, the pensions and retirement specialists for IFAs.
Pension contribution can help avoid new higher rate tax
If an individual has been hit by the new higher tax rate introduced on the 6th April, John Lawson, head of pensions policy at Standard Life, shows how they can avoid it by paying a pension contribution.
Unclaimed benefits to beat the budget
Some pensioners may not be claiming state benefits to which they are entitled, according to research conducted by Just Retirement Solutions (JRS).
AJ Bell adds ISA and dealing account to Sippdeal
AJ Bell, UK privately owned provider of self-administered pensions and stockbroking services, has announced a range of enhancements to their platform.
Brits fail to plan for long term goals
People in the UK live for the moment rather than the long term, with more than one in six (17%) failing to plan their finances at all, according to research from Standard Life.
Philanthropy begins at home for under 21s
One in three people would sacrifice at least 10% of their income to support their parents in retirement, research from Aviva has revealed. This is roughly double the amount that savers in the UK are currently investing in their company pension arrangements on average [5% of gross salary].
Rising costs leaving older people living on the breadline
Rising living costs are causing significant hardship for pensioners with nearly half saying they are just ‘getting by', and one in ten admitting they are finding it difficult or really struggling, according to new research for Age UK.