Pension News
Fidelity's new MyPlan for retirees
Retirees can now check online how long their savings will last at their current rate of spending, thanks to a new addition to the MyPlan family of planning tools from Fidelity International.
ABI supports TPAS online annuity planner
The Pensions Advisory Service has launched a new web-based Annuity Planner to help people with the process of buying an annuity, including explaining the options they have and choices they need to make. The ABI was involved in developing the new tool and fully supports it.
Pension Protection Fund sets out challenges for next three years
The Pension Protection Fund (PPF) has set out its plans for meeting the challenges of the next three years and beyond.
People across the UK underestimate how long they will live
As greater longevity is increasingly becoming a fact of life, people are leaving themselves vulnerable to financial hardship at a time when they are most in need, according to research by Life Trust Insurance plc.
Only 420 pay packets to go - and all i'll get is a £3,000-a-year pension
A thirty-year- old man planning to retire at 65 will only pick up his pay packet another 420 times before downing tools for good, analysis from Virgin Money shows.
SIPPs are here to stay says Defaqto's latest report
SIPPs will be increasingly prevalent in the UK market as an individual retirement savings and income product solution in the years to come, according to independent financial research company Defaqto.
LV= launches enhanced with profit pension annuity
Flexible retirement solutions specialist LV= has launched a market leading Enhanced With Profit Pension Annuity, which also can accept protected rights and allow customers to choose value protection.
Pensions system requires urgent change
Steve Bee, Head of Pensions Strategy at Scottish Life, the pensions specialist arm of the Royal London Group, has called on the government to ensure that new pensions legislation, which means two thirds of women will be eligible for the full basic state pension, is extended to fix the problem for all women.
Those nearing 75 urged to weigh up all options carefully
Alliance Trust Savings, a leading SIPP provider, today urged all those saving for retirement to consider carefully all their options for taking income from their SIPP as they approach the age of 75.
SIPP take up increases as advisers capitalise on extra freedom
Research by the LV= flexible retirement solutions business has revealed that more financial advisers than ever are using the freedom that Self Invested Personal Pensions (SIPPs) allow their clients post A-Day.
Changes to regulator's powers
The Pensions Regulator welcomes the announcement from the Department for Work and Pensions proposing changes to the regulator's anti-avoidance powers to help protect pension scheme members.
AEGON: Facing up to a bleak retirement?
Updated research, published by the National Statistics Office, shows that almost half of people coming up to retirement are facing up to a less than comfortable retirement. But the research found people are prepared to carry on working after retirement to improve their lot in life.
Increasing protection for pension scheme members
The Government plans to increase powers requiring employers to provide contributions to a pension scheme if their actions could threaten the security of members' pensions.
Rental retirement trap costs UK pensioners £23 billion each year
£23 billion is spent by UK pensioners on rent every year, which means that pensioners who rent during retirement are £133,117 worse off than their home owning counterparts, according to new research by FTSE 100 life and pensions company Friends Provident.
Over 12,000 people now pension protection fund members
With its third anniversary under its belt, the Pension Protection Fund (PPF) announced that more than 12,100 people are now receiving PPF compensation – or will receive it in the future.