Pension News
Pensioners missing out on hundreds of pounds of State benefits
Failure to claim State benefits worth hundreds of pounds a year is continuing to squeeze the income of more than half of pensioners, according to the latest figures from specialist retirement intermediary Just Retirement Solutions.
Brits face 12 years of hardship in retirement after savings run out
Today's workers will run out of savings just seven years into their retirement according to new research from HSBC.
Pension sleepwalkers: time to wake up and increase contributions
Pension lessons learnt by those reaching retirement have been highlighted in new research from Friends Life.
Nearly one in five will retire in debt this year
Nearly one in five (18 per cent) of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to the Prudential.
Nine million relying on a retirement windfall
More than nine million financially unprepared pre retirees - almost one fifth (18%) of the population - are relying on some sort of windfall to fund their golden years, according to retirement specialist LV=.
Pension charges to be made clearer to UK savers
The UK's leading pension providers, members of the Association of British Insurers, have announced an agreement to ensure the consistent and straightforward disclosure of pension charges and costs to employees in workplace pension schemes.
Energy bills have doubled since 2005
New analysis from Saga shows that the UK's 12.85 million pensioners spent a staggering £17.4 billion on electricity and fuel bills in 2012.
UK expected retirement income hits six-year low
Pensioners' expected retirement incomes have fallen for the second consecutive year, according to new research from Prudential.
£1 million windfall would see people give up the day job for good
A lump sum of £1 million would be considered the magic amount to allow people to give up their day job for good, and live in financial comfort for the rest of their lives.
Pounds and ounces can add up to extra retirement pounds
People are more likely to be obese around the age of retirement than at any other time in their lives which has important implications for those shopping around for an annuity, says Just Retirement.
Start the New Year with a pension health check, says Fidelity
As we enter into 2013, many of us are making New Year's resolutions.
131,000 ‘pound' reasons to quitting smoking
Partnership, one of the UK's leading enhanced annuity providers, is encouraging smokers to quit smoking as it can cut three and a half years of your life and £131,000 in retirement funding.
Enforcing early retirement: Productive or not?
The default retirement age was abolished in 2011, which now means that employers can no longer let someone go simply because they've reached 65.
LV= investment-linked annuity returns 3.75%
Retirement specialist LV= has declared the first return for its investment-linked annuity (Pension Income Plus Annuity) of 3.75%, to which LV= will also apply a mutual bonus* of 1%.
Poor pension provision drives investors to buy to let
A stable income and a boost to insufficient pension provision are the two top priorities of buy to let investors wishing to make a new investment over the next twelve months, reveals Assetz in its annual Buy to Let Investor Survey.