Pension News
Cost of living for retired rising faster than national average
Prudential warns that the cost of living for people aged 65 and over is rising faster than the national average.
Further financial assistance for people who lost pensions
Minister for Pensions Reform Mike O'Brien yesterday pledged that the Government would match any additional funds identified by the Assets Review for people who lost their pensions.
Hain welcomes interim findings of Assets Review
Secretary of State for Work and Pensions Peter Hain today welcomed the first findings of a review examining whether financial assistance for people who lost their pensions could be increased.
Brits slaving today for a better tomorrow
Around 3 million gritty Brits are living reduced lifestyles today so they can enjoy a better retirement tomorrow. One in two people in Britain expect to maintain their current lifestyle when they retire, but one in six people are living for today rather than tomorrow.
Pensions Bill is good news for consumers
As Gordon Brown announces the Government’s focus for the next parliament, Peter Vicary-Smith, Chief Executive, Which? says: “It is very encouraging to see a commitment to a long-term solution to the pension crisis from Gordon Brown’s government.
Pension Administration – It could be you
HMRC is urging employers and individuals who have set up their own pension scheme to check who their pension scheme administrator is, and make sure they are aware of their responsibilities.
How to give yourself a pay rise in retirement
Buying the right type of annuity is one of the biggest decisions people have to face as they approach retirement. They have to decide if they should buy an annuity that provides a level income, rises in line with inflation, or offers the prospect of capital growth and an increasing income.
UK’s baby boomers fail to protect retirement incomes against inflation
Despite widespread concern about inflation, three in five consumers are not taking action to counter its effects when planning for retirement.
Hamilton fronts James Hay SIPP campaign
James Hay has launched a major SIPP campaign fronted by rising Formula 1 star Lewis Hamilton, who currently leads the driver’s championship by 12 points.
Pensioners sitting pretty
Challenging the stereotype of poverty-stricken pensioners sitting at home alone, or facing equity release to fund their old age, many of today’s over 55s are living life to the full and are more likely than their younger counterparts to be able to afford luxuries and enjoy a good social life.
Pru SIPPs in to drop establishment charge
There’s nothing more uncertain than a British summer but Prudential have some good news for new clients of its Self Invested Personal Pension (SIPP). They will be £300 better off this summer thanks to the company waiving the establishment fee charged when a Self-Invested Fund is set up.
Banking on inheritance
Despite many pensioners facing dire financial problems in their retirement years, twenty-somethings in the UK still have unrealistic ideas when it comes to planning for retirement, according to research by at and post retirement specialist, Tomorrow.
Free investment health checks show how green your investments are
IFA firm Baigrie Davies announce they are offering free Socially Responsible Investment health checks.
Alliance Trust urges government to remove restrictions on protected rights
Alliance Trust, a leading SIPP provider, is urging the Government to remove all restrictions relating to protected rights and commits to allowing protected rights to be held within all Alliance Trust SIPPs as soon as these rule changes come into force.
Tomorrow enhances equity release offering
At and post retirement specialist Tomorrow have launched an equity release lifetime mortgage online quotes system, which is now available on the Tomorrow website. The online quote system will enable financial advisers to receive live quotes 24 hours a day.