Pension News
Only 30 days left to top up your state pension at today's prices
Friends Provident is warning people that the clock is ticking and there are only 30 days left to buy back missing National Insurance (NI) contributions to top up their State pension before the Government hikes up the cost by 49% on 6 April.
2.2m UK adults to delay retirement due to recession
Around 2.2 million UK adults aged 45 and above are delaying their retirement in 2009 due to the state of the economy and the falling value of their investments, according to the Prudential "Class of 2009" retirement survey.
Brits become more realistic in their retirement expectations
A new study by leading retirement solutions provider, Lincoln Financial Group paints a bleak picture of retirement as it reveals what UK adults now expect to be able to afford when they retire.
Don't botch your finances with DIY money management
AXA urges consumers to seek professional financial advice as the UK population turns to alternative sources in the wake of the current economic crisis.
Government reveals pension income under personal accounts
The Government believes almost two thirds of people who are not currently saving for their retirement but will be automatically enrolled into a workplace pension scheme from 2012 are earning below £20,000.
Equity release a possible funding solution for care in the home
With the number of people over the state pensionable age on the increase, the need for a solution to funding long term care has never been so apparent.
LV= launches ‘Flexible Transitions Account’
Insurance, investment and pensions group LV= has launched a new retirement plan - Flexible Transitions Account - that offers people a wide range of pension investment options and choices to suit their individual needs.
Standard Life launches 'Death of Retirement' report
Standard Life has launched the 'Death of Retirement' report, which acknowledges a fundamental shift in people's attitudes towards retirement.
New AXA Winterthur pension gains 5 Star Defaqto rating
The One from Winterthur, the first pension product from the new AXA Winterthur Wealth Management business, has been awarded 5 stars, the highest rating, by independent financial research company, Defaqto.
Fewer consumers shopping around for annuities
Commenting on ABI business data, Craig Fazzini-Jones, Director and Head of MGM Advantage Designs for Retirement said: "It's a real shame that the number of people using the open market option and getting the best possible income for their retirement has dropped in the last year.
SIPP season boosted by protected rights money, says Fidelity
Holders of protected rights money are continuing to transfer it into new and existing self invested personal pensions, says Fidelity FundsNetworkTM. Around one in four of the platform's SIPPs now includes protected rights money, and this element averages £26,000.
Prudential UK with-profits bonus update
Prudential announced today that its strong with-profits fund has once again sheltered policyholders from the full impact of the extreme volatility seen in world markets and that it will make bonus payments totalling £2.8 billion (Note: £2.8 billion added to With-Profits policy values is split £1.3 billion Annual Bonus and £1.5 billion Final Bonus).
Fidelity nails top e-excellence score for fourth year running
Fidelity International has attained ‘eee' scores for its Group Pensions product range in the latest Financial Technology Research Centre (FTRC) ratings of providers' e-commerce capabilities.
39% of Brits do not have a pension
In a survey of 2,000 Brits, Fairinvestment.co.uk has found that, on average, more than a third are not saving into a pension plan.
Legal & General reduce most With Profits bonus rates
Legal & General has announced the regular and final bonus rates on its With Profits policies. As a result of large falls in most major investment markets in 2008 and difficult conditions continuing into 2009, it has been necessary to reduce most bonus rates.