Pension News
Make use of this year’s 'extra day' and take the pensions leap
If you can never find time to review your pension arrangements, or simply don’t know where to start, help is at hand this ‘leap day’.
Widows races ahead with new TV ads
The London 2012 Olympics advertising build-up begins in earnest on 4th March when Scottish Widows becomes the first UK sponsor to air a TV advert linked specifically to the Games.
Scottish Widows adds new functionality to retirement account
Scottish Widows has announced the launch of Retirement Income – part of its flagship pension product, Retirement Account.
LV= puts its money where its mouth is!
LV= has underlined its service commitment by putting its money where its mouth is by being the only provider in the life and pensions market to pay compensation to consumers if they do not receive their tax free cash within seven working days on its range of Unsecured Pension plans.
Three in a row for eee award!
Standard Life has been awarded the eee rating for group personal pensions by the Financial Technology Research Centre (FTRC) for the third consecutive year.
2007 – A bumper year for annuities
The latest annuity market review by Investment Life and Pensions Moneyfacts shows that 2007 offered a welcome upturn in a sector that has suffered prolonged erosion in the level of annuity rates available to pensioners.
How much are you really paying for your pension?
Fidelity International is urging pension savers to review their existing pension plans, as new research shows six out of ten savers have no idea how much they are paying every year in charges.
Brits in unhappy jobs due to retirement woes
One in four (24%) of the British working population say they are unhappy in their current jobs claiming they would have chosen a different path in life had they known they would be financially secure in retirement according to new research from Selftrade.
Employers set to exploit personal accounts loophole
Employers who are seeking to avoid paying money into pensions on behalf of employees can use occupational schemes to avoid their obligations under personal accounts.
Retirees can expect a “time bonus” of 18 happy years
Research has found that the difference between the average age when retirees stop working, and the age at which they consider themselves ‘old’ is a staggering 18 years, highlighting that those still in work can expect to enjoy almost two happy decades when they finish working.
Silver flight gathers momentum
Over a third of Brits would consider moving abroad after retirement, according to research released today by Scottish Widows. The life, pensions and investment provider has released findings which endorse the prediction that by 2050 more than three million British pensioners will have left the UK.
Changing face of retirement
A major investigation into the UK retirement landscape has revealed Britain’s best off retirees are those in their 80s who worked right up to standard state retirement age and are living off company pensions.
UK pension crisis far from over
UK adults retiring in 2008 will be drawing an average annual income of £18,663, around £5,000 less than the average income for a working adult in the UK, according to the Prudential Class of 2008 research, a survey of UK adults retiring this year.
Thirteenth duo spells more uncertainty for pensions
Steve Bee, Head of Pensions Strategy at Scottish Life has expressed his concern at the lack of continuity in the leadership of our pensions system.
Newcastle Building Society reveals bleak outlook for pensioners
New research from Newcastle Building Society Equity Release Service has unveiled the true high cost of being a pensioner. In 2008, Newcastle Equity Release Service predicts that real inflation for pensioners will be up to 7% - more than double the estimated national inflation rate.