Pensions
Average Brit to make a million by the age of 56
The average UK worker will have earned £1 million by the time they are 56 years, nine months and three weeks old, according to research from Prudential.
Average 50-year-old ‘needs to double pension pot’ by retirement
The average British 50-year-old has less than half of the retirement savings they will need to guarantee a minimum standard of income when they stop work, new research from MetLife shows.
Trends to delay retirement set to continue to 2025
Research for the Saga Annuity Service based on over 400,000 actual and planned retirement dates, shows more than a quarter (27%) of over 50s expect to delay retirement and work past the age of 65.
£2.5bn of income tax relief on pension contributions remains unused
The latest figures from unbiased.co.uk's Tax Action report reveal that 4 million Brits who are currently not paying into a pension but say they are likely to consider doing so, are currently leaving £2.5bn of income tax relief on pension contributions unused.
Please mind the gender gap - women retire on £5,750 less than men
Women retiring this year expect their annual retirement income to be a third lower than that of their male counterparts, adding up to a gender gap of £5,750, new research from Prudential shows.
UK pension savings hit record low
UK pension savings have hit an all time low according to the eighth annual Scottish Widows Pensions Report 2012 with only 46 percent of people saving enough for their retirement - five percentage points down on last year and a fall of eight percentage points from 2009.
Pensioners fail to count the cost of ill-health in retirement
Despite the on-going debate about the need to fund long-term care for the elderly, only one in five people planning to retire this year have made financial provision for ill-health in retirement, new research from Prudential shows.
Elderly and employed - the new generation of over 65s powering Britain
Two in five (40 per cent) people planning to retire this year would be happy to work past 65 if they had the chance, according to new research from Prudential.
Parents forgo own pension savings to pay for grown up children
The average parent is forgoing a pension pot of £38,500 in order to financially support each child who is 18 and over, according to research from Standard Life.
Saving for retirement - Options open up again
Ask those who are approaching or who have reached retirement age today whether saving for retirement was their biggest financial worry and the chances are, after three years of record low UK Base Rates and frequent bad news stories on pensions, a majority will admit to more than a passing concern.
LV= boosts personal pension with fund additions
Retirement specialist LV= has announced that it has added seven new funds (three from Fidelity and four from Threadneedle) to those available through its Flexible Transitions Account, in response to adviser demand.
£4.5 billion pensions boost from this week
From this week the average state pension payment for 2012/13 is estimated to be £124 a week, an increase of £6 from last year.
One in six will retire with no pension
One in six people (16 per cent) planning to retire this year will depend on the State Pension to fund their retirement as they have no other pension, new research from Prudential shows.
Brits more concerned with trip to the pub than saving for a pension
Despite the downturn in the UK economy, Brits are more concerned about having a tenner to take down the pub for a round of drinks than saving for a pension, says research commissioned by Skipton Financial Services.
Reliance on the state pension still prevalent amongst most Brits
With pensions and retirement provisions continuing to make headlines and further changes predicted in this year's Budget, unbiased.co.uk reveals that the majority of Brits (65%) continue to rely on the state pension to provide them with an income in retirement and only 4% expect NEST to form part of their pension income.