Pension News
More time needed to cope with rise in pension age
Government plans to raise the state pension age for men to 66 by 2016 are too hasty and do not give people enough time to prepare, pensions experts warned today.
Sun Life Financial of Canada ready for age 77 changes
Sun Life Financial of Canada has announced that it is preparing to accommodate the changes proposed by the ‘Age 77' rule, as announced in the first budget delivered by the Coalition Government in June 2010.
Spain tops overseas retirement hotspots
Standard Life has revealed the top retirement hotspots outside the UK, these are, 1st Spain; 2nd France; 3rd USA; 4th Canada; 5th Ireland.
New retirement playing field could cost savers
The Government's consultation process looking at scrapping the Default Retirement Age (DRA) for the UK workforce provides a welcome reminder for savers in the UK to start planning ahead for their financial future or face working into their seventies.
More choice on when to stop working
The Default Retirement Age (DRA) will be consigned to the history books by October 2011 under proposals published for consultation by the Government today.
Don’t get caught in the pensions trap
Paying for pension transfer advice by commission could knock up to 30 per cent off your retirement pot, finds new research from Which?
How to make your baby a millionaire
Alliance Trust Savings has shown that parents could make their baby into a millionaire by simply contributing just £88 per month to a child SIPP.
Women over 50 need to re-engage with pensions savings
As women over 50 have been hit hardest by the dip in pensions savings, Scottish Widows is calling on this group to re-engage with pensions savings to ensure they prepare adequately for retirement.
Over-50s slash pension savings
In spite of mounting concerns about their retirement prospects, Britain's over-50s have reduced their retirement savings by almost £18bn over the last year.
Up to £20 million off fuel bills for poor pensioners
Around 250,000 pensioners will start getting £80 off their next electricity bill from this month, thanks to a deal by the Government and the leading energy suppliers announced earlier this year.
Re-investors will see income fall off a ‘savings precipice’
With more than 5.5 million fixed rate products worth over £110 billion maturing in 2010 - the largest number maturing in July (581,044) - HSBC warns investors that with savings rates languishing at historic lows, many UK "re-investors" will see their investment income fall off a ‘savings precipice' this year.
Babyboomers reinvent retirement
Babyboomer generation could disrupt the typical view of retirement, according to research from Aviva.
Pensions savings finally hit by recession woes
Two years on since the start of the credit crunch and it is only now that the long term effects of the downturn on pensions savings has been realised according to the sixth annual Scottish Widows UK Pensions Report.
Thousands of pounds in retirement income being missed
The latest results from the MGM Advantage Annuity Index reveal that the difference between the income paid on top and bottom quartile enhanced annuities is continuing to grow.
Over 60s using assets to make most of retirement
A fifth (17%) of over 50s have little money left over to enjoy their retirement once they have paid off their debts and more than two fifths (41%) of retirees find clearing their debts difficult, highlighting how hard it is for many people to fund their dream retirement, according to a new study from Saga Equity Release.