Pensions

Nearly one in five will retire in debt this year

Nearly one in five (18 per cent) of those planning to retire this year will do so with outstanding debts, according to figures released by Prudential.

Drawdown rules contributing to pensions cut of nearly a third

SIPP provider A J Bell is pressing the government to act as new rules on income drawdown combined with near record low gilt yields have led to a 32% cut in retirement income for many pensioners.

Alliance Trust offers gift voucher to new Select SIPP customers

Alliance Trust Savings has launched a New Year special offer for SIPP customers giving them a £100 John Lewis gift voucher for every new Select SIPP application made between the 9th January and 15th February 2012.

Expected retirement incomes hit five-year low

People retiring in 2012 expect to live on an average annual income of £15,500 - over £1,000 a year less (six per cent) than those who retired in 2011.

SIPPs in danger of being used unnecessarily

One in four people who invest in a SIPP have the vast majority (90% or more) of their assets held in either a Unit Trust or OEIC, according to research from Skandia's latest Adviser Confidence Barometer.*

It’s never too early to start planning for retirement

Retirement is a lifetime away and you’ve got a lot to do before you trot out to that pasture.

Income drawdown customers have option to retain 120% max income

In April last year the Government made some fundamental changes to the retirement income market, including the removal of the need to buy a secure income with a pension fund by age 75.

Brits look to Caribbean for pension property

International Property Success have reported a surge in interest for SIPP approved property in the Caribbean from disgruntled Brits unhappy with their pensions.

UK workers seek simpler ways to manage multiple pension pots

Britain's workers are struggling to manage their pensions savings because they are scattered across numerous employers in small workplace pension pots, new research from Aviva shows.

Pension knowledge gap will mean 'rougher ride' for women

But though they may excel in budgeting for the family, new research shows women still lag behind when it comes to pensions.

Which? warns against over-50s plans

Over-50s plans could leave pensioners thousands of pounds out of pocket, and the payout often falls well short of what they'd earn in a cash Isa, according to new research from Which?

UK pension schemes prioritising risk management

Baring Asset Management's (Barings) annual poll of UK pension schemes has revealed that UK pension professionals, in a direct response to the market volatility, are putting extra emphasis on superior risk management when building portfolios and awarding mandates.