Pensions
More over 55s work past retirement age as living costs hit savings
The UK's over-55s are increasingly working past the traditional retirement age as larger numbers fall back on their savings in later life to meet living costs, according to Aviva's latest Real Retirement Report.
More than two million couples have never discussed finances together
Many British couples are burying their hands in the sand over their financial situations. One in seven (14 per cent) couples over the age of 40 - or around 4.22 million people - admit they have never discussed their finances, according to new research from Prudential.
Millions uncertain over pensions future
More than a quarter (28 per cent) of people have no idea how much they will receive from their state pension, according to research for Age UK.
More women than men to work past state retirement age
The number of over-50s expecting to work past the state retirement age has risen to 6.5 million, an increase of 43% on the 4.5 million people planning to do so in 2010.
Fighting volatility remains core focus for UK pension professionals
Reducing volatility remains the primary focus for UK pension professionals, according to the latest poll by Baring Asset Management (Barings).
Brits unwilling to contribute more than 5% of salary to pension
Over 61% of people would either opt out of a pension scheme altogether (26%) or would be unwilling to contribute more than 5% of their salary to their pension pot (35%), according to new research from Friends Life.
Retirement income gender gap remains at £5,750
Chartered Management Institute figures showing a £423,390 lifetime earnings gap between female and male executives with the same career path highlights the ongoing gender gap in annual retirement income – and the need for women to take action, Prudential says.
Men considering flexible pension drawdown next tax year should act now
Any men considering entering flexible pension drawdown next tax year should look at taking action now according to Skandia, part of Old Mutual Wealth.
Prudent over 50s are making extra savings for retirement
With regular warnings of poverty in old age, nearly half of 50-64 year olds are building a savings nest egg to supplement their pensions in retirement.
Pensioners face a £111,416 tax bill in retirement
The average UK pensioner household faces a £111,400 tax bill in retirement as increasing longevity means pensioners are living on average up to 19 years past the age of 65, new analysis from MetLife shows.
Stay-at-home parents could lose out on State pension under new rules
The Child Benefit system will change from the 7th January 2013, but according to NFU Mutual many families will be worse off (HMRC estimate that 1.2 million families will lose some or all of their child benefit via a tax charge).
Women fall nearly £30,000 behind men in retirement savings
The gap between the amount men and women are saving for retirement has grown to a record high, as women continue to be hit disproportionately by the economic downturn, according to the eighth annual Scottish Widows Women and Pensions Report.
Zurich launches new Pension Planning Tool
Zurich in the UK has launched a new on-line calculator which allows people to calculate how much they are likely to receive as retirement income.
£300,000 cost to those delaying pension saving until their 30s
Using contribution figures from its quarterly Workplace Savings Index, Friends Life projects that their members who delay starting to contribute to their pensions by just ten years will miss out on considerable retirement income later on:
Business owners shun pension saving because they will ‘never' retire
40 per cent of UK business owners surveyed in new independent research by Prudential say that they will never stop working.