Pensions
Engage Mutual expands open market annuity service
An annuity service launched by Engage Mutual to locate the best open market annuity purchase for its pension customers has proved so successful it is being expanded.
2 in 5 retirees support their families financially
Two in five people (40 per cent) retiring this year provide financial support to their families which may be at risk as their incomes drop, according to research from Prudential.
A coffee break that could boost your retirement
Saving just £2.50 every working day could result in an extra £187,000 in your pension pot, according to new calculations from Friends Life.
The rise of the parensioner
Halle Berry, Steve Martin, Elton John, Susan Sarandon, Michael Douglas, Sarah Jessica Parker and almost one million people in the UK can, from today, officially class themselves as ‘parensioners'.
UK pensioners are saving for their supper
Almost a quarter of pensioners with an ISA are dipping-in to their hard earned savings simply to afford to live, according to research by Skipton Building Society.
Women expect to retire on £6,500 less than men
Women retiring this year expect their annual retirement incomes to be more than a third (36 per cent) lower than men’s, adding up to a Pension Gender Gap of £6,500, according to new research from Prudential.
Keep it in the family to save up to £3.3m tax efficiently
With the tax year end only days away, new figures from low-cost investment platform provider AJ Bell highlight the enormous saving potential of families exploiting their pension and ISA allowances - they show that by consistently using these tax efficient savings vehicles a family of four could accrue £3.3m over 18 years.
Pipe and slippers retirement? More like Zumba and hiking say retirees
The average retiree enjoys three holidays a year - and is fitter than they were while they were working, research by Skipton Building Society.
Pension confusion remains for those saving for retirement
Following the wide range of rule changes around pension savings in 2012, over a third (36%) of the UK population are now more confused about their pension choices, according to research from pension provider Friends Life.
200,000 retirees each year miss out on income worth £237m
MGM Advantage has revealed the true cost of baby boomers not shopping around for their annuity this year.
UK plans a retirement revolution
Today's traditional image of the pensioner on the pier is set to change, according to research from retirement specialist LV=.
Nationwide supports more shopping around for retirement options
A new code of conduct designed to encourage people to shop around for their annuities is being welcomed by Nationwide Building Society, a year on from the launch of its own annuity service.
Only one quarter of UK will be financially prepared for retirement
Only a quarter of UK investors (25%) feel that they are, or will be, well prepared for retirement financially, with a small percentage (3%) saying they have no idea how they will fund their retirement, according to the TD Direct Investing Investor Poll.
Almost a quarter of working over 50s are trying to make ends meet
New research from pension provider Friends Life reveals that almost a quarter (23%) of the working baby-boomer generation (over 50s) is focused on making ends meet in the current climate, when asked about their top financial priorities.
ABI retirement code will help people get best pension deal
People approaching retirement will get clearer help and information to get the best possible pension deal under an initiative to be implemented on 1 March by the ABI.