Pension News
A delay of 10 years could half your savings pot at age 65
With Christmas out of the way for another year, there's time for people to turn their attention to saving again - not just for next Christmas, but also for the longer term.
Women over 50 choosing the single life
Life starts at 50 – particularly for over 600,000* older women in the UK opting for the single life.
Retired households need £429 extra to cover cost of living
MGM Advantage, the retirement income specialist, estimates that the average retired household where the main occupant is aged 65-74 needs to find an extra £429 a year to maintain the standard of living they enjoyed 12 months ago.
Millions to get first pension - Employers to pay in
Millions of workers have moved a step closer to getting a workplace pension for the first time as the final rules for the Government's pensions reform were put before Parliament.
State of ignorance over retirement age rise
Nearly half (47 per cent) of 45 to 49 year-olds and two-fifths (39 per cent) of 50 to 54 year-olds are unaware of the rise in the minimum retirement age from 50 to 55 which comes into effect on 6 April this year, new research from Prudential shows.
Grey manifesto - Politicians urged to focus on over 50s
A new manifesto has been published ahead of the televised debates between the three main political parties to raise awareness of the most important issues to older voters, the majority of the electorate.
New brand for personal accounts scheme
PADA has announced that National Employment Savings Trust (NEST) will be the permanent name of the new national workplace pension scheme formerly known as the personal accounts scheme.
Pensioners advised to review energy bills
Gareth Kloet, Head of energy reminds people to keep warm this winter: "Pensioners are one of the most vulnerable groups when it comes to cold weather and as we experience the coldest snap for over 30 years, for those worried about unaffordable high bills, help is at hand.
Top ten saving tips for 2010 from Friends Provident
As 2010 begins, Friends Provident is urging people to use the New Year as a time to start planning for the retirement they would like.
MGM Advantage: Improving DC pension benefits
MGM Advantage has today welcomed the ABI's paper ‘Time for Change: Seven proposals to improve DC pension benefits in retirement', which intends to improve options for taking retirement income from Defined Contribution pensions.
Time for change to improve retirement income options
The ABI has published policy proposals intended to improve peoples' options for taking retirement income from their Defined Contribution pensions.
Aviva brings Christmas magic to 5,500 customers
About 5,500 customers will receive a surprise Christmas bonus this year when they are reunited with unclaimed funds tracked down by Aviva as part of its unclaimed assets campaign.
£4 billion buy-ins and £3.5 billion longevity swaps
The latest analysis of the risk transfer market for final salary pension schemes carried out by Hymans Robertson, the UK's leading independent pension and benefits consultancy, shows that the value of buy-outs, buy-ins and longevity swap deals struck during the 2009 has been over £7.5 billion.
2010 The Year of Tax
With the New Year almost upon us and people starting to think about their New Year's resolutions, Fidelity International is urging the nation to make a pledge to get to get tax savvy.
Christmas shopping more important than retirement planning
Brits spend up to 26 times longer shopping for Christmas gifts than they do looking for the best deal on their retirement income, according to latest research from Aviva.