Pension News
Confidence still strong among HIPPIES
The original 1960s hippies celebrated flower power, but as this generation approaches retirement, a new ‘HIPpy' spirit has taken hold.
Recession impacts pensions
The recession has continued to take its toll on private sector defined benefit (DB) pension schemes.
Aviva adds funds to investment bond and pensions
Aviva is to add funds from leading fund managers to the Portfolio investment bond and pensions range.
UK pensioners miss out on £2.4 billion of cash
As much as £2.4 billion of pension credits will remain unclaimed this year, according to research from Unbiased.co.uk.
Prudential withdraw from the equity release market
Andrea Rozario - Director General of SHIP - the equity release industry body - responds to Prudential's withdrawal from the equity release market: "We are naturally disappointed that Prudential has decided to withdraw from the equity release market.
Keeping pensions safe
The Pensions Regulator today launches a campaign aimed at encouraging good governance and administration and better management of pension scheme risks.
Ascentric 30 day Notice Account from Investec Private Bank
Independent wrap Ascentric has announced the launch of a 30 day Notice Account on its platform. The deposit account is provided exclusively for Ascentric users by Investec Private Bank.
Recession depletes UK’s retirement finances
Thirty five per cent of UK consumers believe their retirement funds have been depleted by the recession, forcing them to look for additional ways to supplement their retirement income, according to research from Aviva – UK insurer with 7 million life and pensions customers.
UK consumers put off by just the word ‘pension'
Almost a fifth of 18-24 year olds are put off starting a pension purely because they don't like the word, new YouGov research commissioned by AXA has found.
Shop around for pension annuity
The recession has resulted in Britons becoming increasingly canny when it comes to negotiating the cost of major purchases, but they could be losing out on thousands of pounds by not shopping around as they approach retirement, according to a survey by MGM Advantage.
Britain is failing its pensioners
Seven out of ten of the British public - of all ages - think that Britain isn't doing enough for the elderly in their retirement. And three-quarters of us think there should be a substantial increase in the basic state pension.
Number of people working beyond retirement age to double
UK businesses are bracing themselves for a surge in staff looking to delay retirement with around 1.8 million people expected to be working beyond traditional retirement ages in just 10 years.
Retirees take on new challenges
There are more than 11 million retired people over 50 in the UK and research by Saga Home Insurance has revealed that almost 7 million (65%) of these retirees have taken up new hobbies since leaving work.
UK heading for pensions Dark Age, says AXA
State pension provision in the UK lags behind its G7 counterparts and needs to be reformed in order to avoid today's workers living in ‘pensioner poverty', research from AXA reveals.
Government urged to act on pensioner tax overpayments
Commenting on today's National Audit Office report which estimates that 1.5 million pensioners are paying more tax than they need to, John Andrews, Chairman of the Low Incomes Tax Reform Group, said: "This damning report sadly comes as no surprise.