Pension News
British adults willing to work 10 years past retirement
Nearly three out of five people (57 per cent) planning to retire this year would be willing to work on in order to guarantee a higher income when they do retire, according to the latest research from Prudential’s Class of 2010 retirement survey.
Safety most important to investors
Safety is the most important element when considering investment options, according to the latest research from Fair Investment Company.
Aviva launches online retirement income calculator
Aviva - the retirement specialist - has launched an on-line retirement calculator aimed at customers. Based on a simple, graphic interface it's designed to make it easier for customers to understand the annuity options available to them, and to calculate the income they may get from their pension fund.
UK pension savers will miss out on £742 million this year
Employees in company pension schemes are set to miss out on whopping sums this year by neglecting to save in a tax-efficient manner, according to new research from unbiased.co.uk, the professional advice website.
Logica selects Standard Life for Savings and Retirement Programme
Logica, a business and technology service company, has appointed Standard Life to develop a Savings and Retirement Programme for employees based in the UK, starting with the launch of a new Group Self Invested Personal Pension (GSIPP) proposition.
Scottish Widows launches mymoneyworks
Scottish Widows is launching a new online financial educational and guidance service for employees, which is available as an option with Scottish Widows Corporate Pensions proposition.
Forced retirement costs UK £3.5bn a year, says Age UK
Forcing older workers to retire cost the UK last year an estimated £3.5 billion in lost economic output, new figures by Age UK reveal ahead of tomorrow night's TV showdown among party leaders on the economy.
Consumers in the dark over annuities
New research carried out by Sun Life Financial of Canada reveals that four in ten (42%) consumers have no idea what an annuity is.
Equity release market remains robust
SHIP, the equity release provider trade body, today announced equity release market figures for the first quarter of 2010. Initial data for the start of the year taken from all of the members indicates that while the market is suffering some effects from the loss of providers, demand is strong and activity remains buoyant.
LV= adds new funds to insured pension fund platform
Life and pensions specialist LV= has announced that it will be adding eight new funds with Threadneedle to its insured pension fund platform.
Annuity rates continue to shrink
The MGM Advantage Annuity Index, which tracks the income paid on standard and enhanced annuities, reveals that rates have continued to fall over the last quarter, albeit at a slower pace.
More people thinking of saving for a pension
The number of people who say they're saving for a pension has shown a significant rise compared to this time last year, according to figures in the latest MoneyMood Survey from Legal & General.
Banking on your property for your retirement may not be the best bet
Standard Life has conducted extensive analysis of the UK property market to calculate how much retirement income downsizing your main home could generate. The conclusion - don't bank on your home to fund your retirement dreams.
Pre-Inheritance the New Inheritance?
The traditional inheritance is on the wane and being replaced instead with a ‘pre-inheritance', according to Aviva, UK insurance provider.
Health, happiness and holidays key priorities for babyboomers
The three ‘Hs' - health, happiness and holidays - are among the chief priorities for the babyboomer generation when considering retirement according to new research conducted by YouGov for AXA Wealth.