Pension News
Legal & General launches new workplace benefits website
Legal & General has launched a new and improved website, which combines its Corporate Pension and Group Protection websites and will house the new Corporate ISA information and services in one place.
Recession delays retirement plans for 1.85 million people
The effects of the economic downturn on pension pots have forced more than a third of people over 55 to put off their retirement plans and continue working, according to MGM Advantage.
Pensioners own £654 billion property equity
Homeowners in England and Wales aged 65 and over have retained £611 billion of equity in their property and a further £43bn is held in Scotland as the housing market begins to show signs of stabilising following two years of decline, according to the latest findings from Prudential's Equity Release Index.
Government not doing enough to help Brits save for retirement
Almost nine out of ten Brits (87%) believe that the Government is not doing enough to encourage people to save for their retirement, according to a survey commissioned by Hymans Robertson, the leading independent benefits and investment consultant.
Millions of workers in state of 'pensions inertia'
Nearly a third (30 per cent) of Britain's 8.8 million active occupational pension scheme members pay no attention to how their retirement savings are invested and 29 per cent - more than 2.5 million scheme members - have never reviewed how their chosen pension fund is performing, according to new research from Prudential.
Just Retirement boosts the pensioner economy
Just Retirement has just launched its guide to underwriting which is designed to help IFAs understand the breadth of medical conditions and lifestyle factors that can trigger improvements to pensioner incomes via its enhanced annuity product.
UK property pension pots lose £29 billion in past year
Almost three million working Brits (8% of the UK population) are relying on their property to fund their retirement, according to new research from Baring Asset Management (Barings).
86% of pension funds fail investors
Poor performance among pension funds is effectively endemic, according to independent research from campaigning consumer website howmuchdoineedtoretire.co.uk.
Friends Provident: Red tape blights Personal Accounts progress
The current auto-enrolment proposals and the potential for leveling down spell further confusion for employers says Friends Provident.
Aviva improves pensions planning website
The Aviva Pension Tracker is a secure online tool that makes pensions planning simple for advisers and consumers. It includes Lisa, a ground-breaking virtual online guide, who shows visitors around the site and helps them understand the importance of pensions planning.
TUC explodes public sector pension myths
The claims by business groups, right wing pressure groups and opposition politicians that public sector pensions are unaffordable, out of control and produce easy immediate public expenditure savings are all myths, according to a new TUC briefing.
Pension savings neglected by workers
More than one in 10 workers (16 per cent) who have a pension say that during the past five years they have reduced the amount they contribute or have stopped saving into it altogether, according to new research from Prudential.
Retirees could boost retirement income by shopping around
Aviva is tackling one of the nation's retirement concerns head on with a new series of television and press adverts focusing on annuities.
Private pensions grow three times the rate of state pensions
The average income for a pensioner household has increased by 83% in real terms (i.e. after allowing for retail price inflation) in the past 20 years; from £212 per week in 1987 (in 2007/08 prices) to £389 per week in 2007/08, says Lloyds TSB.
Two million over 50s face delayed retirement
Britain's over 50s are struggling more than ever to keep up the level of savings needed to fund a comfortable retirement lifestyle, according to the annual State of Retirement report commissioned by investment, pensions and insurance group LV= .