Pension News
Dispelling the annuity myth
It is estimated that by shopping around for an annuity - using the Open Market Option - annuitants can receive up to 40 per cent extra for their pension pot, however 30 per cent don't even bother to look.
Retired expats surf silver seas for new horizons
Despite a belief that a significant number of British retired expats are regretting their decision to retire abroad and are planning to return to the UK, retiring abroad is very much still a popular decision according to the third annual NatWest International Personal Banking (NatWest IPB) Quality of Life Report.
Couples fail to plan retirement finances
UK couples could be risking an old age in poverty because they are failing to talk to one another about financial planning for their retirement, according to new research from Prudential.
No retirement for 1 in 10 UK adults, warns Barings
The prospect of retirement is looking like a thing of the past for many Brits as new research from Baring Asset Management reveals that 10% of the working population, the equivalent of 3.5 million people, have no plans to ever stop working and 15 million (42%) non-retired UK adults aren’t able to say at what age they plan to retire.
Adult children bank on retired parents
Retiring parents face increasing financial pressure from adult children, according to new research from Aviva.
Alternative for expat pensioners hit by Nationwide fees
The news that from 1 November 2010 Nationwide FlexAccount customers will have to pay a commission charge of 2% plus a £1 flat fee to withdraw cash overseas is a blow to more than just holidaymakers.
MGM Advantage calls for earlier retirement planning
Just 5% (299,000) of non retired British adults aged 55 and over feel ‘fully prepared' for retirement, according to the latest Retirement Nation Report from MGM Advantage. This is a dramatic drop from before the recession when, in 2008, 39% felt fully prepared for the financial implications of retirement.
Fair Investment launches pension annuity service
Leading pension and investment services provider Fair Investment Company has partnered with The Annuity Team to offer its customers a brand new annuity service.
Charges eroding thousands of £££s from pensions
Alliance Trust Savings, one of the country's leading SIPP providers, has shown that customers could increase the value of their pension at retirement by tens of thousands of pounds simply by reviewing the charges levied by their pension.
Consumers should consider consolidation of pension pots
Research carried out by independent financial research company Defaqto has shown that many people approaching the latter half of their working lives have collected a number of pension pots that may not be well invested.
Pensioners plagued by Money Sickness Syndrome
As government data last week revealed that the number of people over the age of 65 is set to continue growing to almost a quarter of the population in 20 years time, AXA warns that today's pensioners are hit by escalating money worries that severely affect mental and physical health.
Blend ISAs with pensions' - Government urged to make changes
George Ladds, head of investment and pension research at Fair Investment Company looks at ways to encourage young people to save for retirement.
Annuity transfer delays can cost pensioners £127 a week
Delays in transferring pension savings into retirement income cost pensioners up to £127 a week despite the success of industry initiatives to speed up annuitisation, Virgin Money warns.
Health shock for new retirees
For millions of Britain's retirees the first five ‘golden years' bring unexpected life change and financial strain, according to research from leading flexible retirement solutions provider LV=.
Tough psychological impact for new retirees
With retirement on the horizon, many people approaching retirement will be thinking about how they will fund their golden years, but many don't consider the impact it will have on them emotionally.