RSS Feed

Pension News

More than 1.5 million personal State Pension forecasts requested since the launch of the new State Pension

In the 6 months after the launch of the new State Pension in April, more than 1.5 million personal State Pension forecasts were issued.

Spending declines by half between early and later retirement

New analysis of income and average expenditure statistics by Aegon has found that spending falls by half amongst those aged 50-65 to those aged 75 and over.

Pensioners to benefit from reforms to long service cap

Hundreds of members of the Pension Protection Fund (PPF) are set to benefit from changes to the compensation cap.

Cash-hungry generations turning pension into new heirloom

The family heirloom is under threat because younger generations are more interested in receiving a cash inheritance from their parents, say financial services provider, NFU Mutual.

Aegon shines light on the value of an inflation proofed pension

People who purchase an annuity at retirement typically opt for a level pension rather than one that starts at a lower level but increases each year at a fixed rate or in line with inflation.

How to prepare yourself for retirement

Graduating from a lifetime of labour to one of leisure is a major lifestyle change and a huge shift in anyone’s day-to-day routine.

The nation is divided over the change to the state pension age for women

Research by has revealed almost half (46%) of Brits disagree with the change of State Pension Age for women, believing the government should stick to its original promise.

Is it time for the ‘Help to Buy Pension’?

Struggling house buyers desperate to get on the property ladder could benefit from a ‘Help to Buy Pension’, NFU Mutual has said.

Not having enough money to live on in retirement is Britain’s biggest financial fear

Despite the news that there will be no further radical reform to pensions in the Budget next week, it is still no surprise that Britain’s biggest financial fear is not having enough money to live on throughout retirement (41 per cent).

Wealthy investors shun private pensions in favour of equity ISAs

One in four wealthy investors (24%) is shunning private pensions in favour of stocks and shares ISAs, according to new research from The Share Centre.

Income flexibility a requirement as majority of retirees anticipate one off expenses

New research from Aegon UK reveals that over half (56%) of people aged over 55 have either experienced or expect to experience a lump sum expense during their retirement years.

One in four people facing retirement don't know pension pot value

New research from Retirement Advantage, the retirement specialist, shows that despite the new pension freedoms introduced in April, over a quarter of people aged over 50 don’t know how much money they have saved in order to fund their retirements.

Over-55s are planning more than three million future property deals

Nearly two in five (37 per cent) homeowners over the age of 55 are planning at least one more property purchase in their lives, according to new research by Prudential.

Just over half a million over 40s intend to use their pension to repay their mortgage

Just over half a million people in the UK [631,000] intend to use all or part of their pension to help repay their mortgage balance reveals new research from specialist insurer, Partnership.

Millions of Brits relying on inheritance windfalls

One in three working Brits (35%) are relying on inheritance in order to achieve a stable financial future, but they could be in for a shock, according to a new study.