Pension News
Over-55s throw a lifeline to families drowning in sea of bills
Aviva's latest Real Retirement Report has discovered that the UK's over-55s are choosing to spend a significant amount of their retirement income on supporting their loved ones financially.
Don't take a 20% pay cut in your retirement, says Fidelity
Pension savers could be throwing away over 20% of their retirement savings, simply by failing to shop around for the best retirement income option, says Fidelity Worldwide Investment.
Living costs for pensioners soar by 33% since 2000
Total expenditure of the UK's 10.6 million retirees equals £96 billion a year - this means on average a retired couple spends £17,922 a year and a single retiree spends £9,917 a year - or £190.70 a week, according to new research.
ISAs overtake pension
For the first time since 2001/2, Britons saved more into stocks and shares ISAs than personal pensions last tax year.
Less than half saving into a pension, official stats show
The National Association of Pension Funds (NAPF) commented on official figures published showing that the number of employees saving into a workplace pension has fallen to a record low of 48%.
Demand for pensions through ATMs
Millions of Britons want to be able to pay into their pensions as well as withdraw cash at a hole in the wall, according to independent research for Friends Life.
Homeowners fail to prepare for retirement
New research from The Motley Fool reveals that only four out of ten (40%) UK homeowners say they will have sufficient savings and investments other than their home when they retire.
Maximise pension contributions now, before budget day
With speculation surrounding the reduction of the annual pension allowance, those with money to put into a pension should consider doing so now.
LV= launches new low cost pension plan
Retirement specialist LV= announces the launch of a new low cost personal pension, with a 0.25% annual service charge.
Top tips for efficient investing from Barclay's Stockbrokers
With the end of the current tax year fast approaching, Barclays Stockbrokers, the UK's largest online execution-only stockbroker, shares its top tips for efficient investing.
Poor pension choices could mean years longer at work
High pension charges and the wrong choice of annuity could cut a saver's potential pension income by a quarter (24%), meaning they would have to spend years longer at work to cover the loss, pensions experts have warned.
Pensioners own property worth £749.45 billion
Retired homeowners have total property wealth owned outright of up to £749.45 billion in the face of ongoing housing market volatility, research from leading independent equity release adviser Key Retirement Solutions shows.
Price key factor when choosing financial products
With competition rife on the high street, everyone claims they have the best deal when it comes to mortgages, pensions or investments – but how much do people actually know about the features of the financial products they are purchasing?
Flexible income route can reduce inheritance tax bill for pensioners
People who are eligible for flexible income drawdown on their pension savings can use the scheme to significantly reduce their inheritance tax liabilities, according to investment specialist Skandia.
How to make your baby a millionaire
Alliance Trust Savings, one of the country's leading SIPP providers, has shown that parents could make their baby a millionaire by simply contributing just £83 per month or making an annual contribution of £960 to a child SIPP.