Pension News
Pensioners warned to inflation proof their income
Standard Life is warning anyone thinking about retirement to consider the effects of inflation eroding their income, as new data shows many people will see their retirement income swallowed up by the basic costs of living.
Private Equity made simple
The National Association of Pension Funds' (NAPF) has today launched Private Equity Made Simple, a new title in its series of guides aimed at making pensions investment easier to understand. The guide has been sponsored by SVG Capital plc.
Calls for review of pensions buyouts model
A full review of pensions buyouts models - where a finance company takes over a pension scheme from a sponsoring employer - is needed to anticipate any future threats to members' interests, says the TUC.
Hope for those with small pension pots
Just Retirement today warned that retirees with small pension pots of as low as £5,000 could be missing out on an uplift of up to 40% by not utilising the open market option (OMO).
Just Retirement estimates retirees missing out on £500m
Following the release of the FSA's interim findings on the progress of the Open Market Option, Just Retirement today urged the industry to take greater steps to ensure that retiring customers are made more aware of the availability of the Open Market Option.
Rising prices mean Brits now saving less for retirement
The recent rapid rise in the cost of energy and food appears to be having an effect on how Britons are saving for their retirement according to the results of a new survey.
Lincoln reduces admin fee for Lincoln i2live by half
Lincoln Financial Group has announced it is reducing the administration fee on its flexible retirement product, Lincoln i2Live, by half. This improvement has been made following a review of expenses allowing Lincoln to pass the benefit onto new and existing customers.
Brits provide financial life line to elderly relatives
With 54 per cent of retirees struggling to make ends meet, new research from Engage Mutual Assurance reveals that families are stepping in to provide a financial life line to their elderly relatives.
LV= launches another service commitment
The LV= Life and Pensions business has celebrated the first six months since the successful acquisition and launch of its new flexible retirement solutions business, by launching a further ‘money where its mouth is' service commitment to financial advisers and their clients.
Brits worried about financing retirement years
Over half of Britons (54%) claim they would be worried about their ability to finance their retirement if they were to live for 10 years longer than today's average life span of 82 years according to research by Life Trust Insurance Plc.
Pensioners blow cash on luxuries
More than three quarters of UK pensioners (76 per cent) with private or company pension schemes are taking lump sums out of their pension pots, averaging £24,154, as they reach retirement but astonishingly many are then blowing the money on luxuries or giving it away.
SPILA completes transfer to Royal London Group
Royal London, the UK's largest mutual life and pensions company, has announced the successful completion of the transfer of Scottish Provident International Life Assurance (SPILA) to become part of the Royal London Group.
Funding extension for pensions education
Further to the Pensions Minister's recent announcement, on the extension of funding for pensions education projects targeted at UK employers, Defaqto believes this represents another positive contribution to the long-term task of educating UK consumers on pension matters.
Liverpudlians get their sums right
Finance can be daunting, but Liverpudlians seem to have it sussed, emerging financially savviest in a nationwide survey.
Rising prices mean Brits saving less for retirement
The recent rapid rise in the cost of energy and food appears to be having an effect on how Britons are saving for their retirement according to the results of a new survey.