Pension News
Retiree travel dreams could lack funding
Grannies and granddads dreaming about travelling in their golden age of retirement may find their funds sorely lacking when it comes to crunch time, according to new research from the fifth annual Scottish Widows UK Pensions Report.
1 in 5 SIPP investors use new rules to transfer protected rights
1 in 5 SIPP investors have taken financial advice and made use of last year's change in pensions rules to transfer their protected rights into a SIPP, according to Fidelity FundsNetworkTM.
Strife begins at 40 for pensions late-starters
Workers who don't pay a penny into a pension until they reach the age of 40 may need to set aside upwards of 33 per cent of their salary until age 65 if they want to retire on the holy grail pension of two-thirds annual salary, according to a study from Prudential.
16.5m Brits believe state provides adequate safety net
As many as 16.5 million (35%) of Brits believe that the State welfare system provides an adequate safety net for a modern standard of living according to research commissioned by Scottish Provident.
Government regulations put success of pension reforms at risk
The latest batch of regulations to implement the 2008 Pensions Act has been published today.
Aviva extends availability of online pension tracker
Aviva, one of the UK's leading pension providers, is making the Aviva Pension Tracker available to one million customers.
British pensioners returning to Blighty
Almost half of Brits abroad who are sending money back to the UK are aged 65 and over, suggesting that those pensioners who retired to the sun have been hit hardest by the recession and are being forced back to the UK, reveals currency specialists HiFX.
Scottish Widows search for policyholders due cash payment
An initiative by Scottish Widows, aimed at identifying policyholders who have yet to claim demutualisation payments, is searching for the remaining 33,900 policyholders who have still to come forward for their money, worth an average £2,070.
Housing wealth could help support retirement
A report published by the Pensions Policy Institute commissioned by Prudential UK and Europe considers the role that housing wealth could play in supporting retirement for today's pensioners and for future generations of pensioners.
Online pension calculator to help plan for retirement
Almost one third of people may face financial difficulties when they retire, according to new research, and today the Financial Services Authority (FSA) and Association of British Insurers (ABI) are launching a tool to help.
The Nottingham to offer ‘best advice’ service
The Nottingham is set to help thousands of people living in its East Midlands heartland get their long-term financial futures back on track by launching a new service that provides access to ‘best advice' financial products and caters for their distinct needs.
Real retirement age between 74 and 86
Using published Government data, Standard Life has calculated the real retirement age of many people in the UK who currently have no retirement savings as anywhere between 74 and 86.
Unclaimed benefits prove costly for pensioners
Just Retirement Solutions, the equity release advice specialist, today reveals the scale of the challenge facing pensioners as one in four admit to not knowing about state benefit entitlements that could considerably bolster their income in retirement.
Brits confess they’re clueless about private pensions
As ElderCare Week begins (7 September 2009) Friends Provident is urging Brits to become more aware of the issues faced by older people and the need to plan ahead for retirement.
Recession increases burden for grandparents in debt
Research from the fifth annual Scottish Widows UK Pensions Report reveals that the debt burden for retirees is getting worse, whilst overall UK debt is going down.