Pensions
Young Britain wants instant gratification through early access
Younger Brits are more likely to take advantage of early access to pension money than their babyboomer parents, according to research from AXA Wealth.
Numbers of poverty line pensioners on the rise
More than a third (35 per cent) of people planning to retire in the UK this year will do so with incomes below the poverty line according to new research from Prudential.
Latest CPI figure adds £630 to annual cost of living
In response to the latest annual CPI inflation rate reaching 4.4%, MGM Advantage, the retirement income specialist, estimates that collectively UK households need to find an extra £39 billion (£38.869 billion) to maintain the standard of living enjoyed 12 months ago.
High earners urged to maximise pension contributions
Alliance Trust Savings, one of the country's leading SIPP providers, has urged 50% rate taxpayers to consider maximising contributions to their pensions, following George Osborne's Budget announcement that the 50% tax rate is ‘temporary'.
LV= offers best of a ‘GAD’ situation
Retirement specialist LV= confirmed it will offer new income drawdown clients the maximum income possible, by basing the income that can be drawn down on whichever Government Actuary Department (GAD) table produces the best results for them.
Barclays clients planning for pension regulation changes
Investors will change the way they save for retirement in response to impending new pension regulations, according to Barclays Stockbrokers.
1 in 5 planning to retire in 2011 has no private or company pension
One in five (20 per cent) of those planning to retire in 2011 has no private or company pension and will be reliant on the State Pension to fund their retirement, according to figures from Prudential’s Class of 2011 survey.
HSBC announces initiative with IFA Towergate Financial
HSBC's Workplace Retirement Services, which offers products and services to the UK corporate pensions market, today announces an initiative with Towergate Financial to offer a Group Personal Pension specifically designed for the SME market.
Just Retirement improves shopping around process
Just Retirement, the market leader in the enhanced annuity market, is launching an innovative new service to help improve the way customers shop around for a retirement income solution.
Consumers confused about pension options
More than two thirds of adults with retirement savings have no idea how much they'll have to retire on, according to the latest independent research, Marketing Science's Retirement Planning Monitor (RPM).
Billions of 'free money' goes unclaimed
Research from Standard Life reveals UK employees are missing out on nearly £6bn of ‘free money' each year because they are not joining the pension scheme offered through their workplace.
Friends Provident offers tips to help women top up pensions
With the implications of the coalition government's pension reforms being strongly felt among the fairer sex, Friends Provident has produced a list of top tips to help women stay savvy about pensions.
SIPP Investors more confident about their retirement plans
Over a third (34%) of investors want to retire early, yet 69% are cautious or concerned about their retirement plans, despite having already started saving according to a poll by J.P. Morgan Asset Management.
Grim realities of life for Britain's over 50s
The Saga Quarterly Report, a comprehensive analysis of the lives of Britain's 21 million over 50s, has uncovered a bleak picture. The Report is the first authoritative study to combine serious economic analysis with evidence on well-being, happiness, worries and living standards of over 50s. It makes grim reading.
Two-thirds of new pensioners could work beyond retirement in 2011
Nearly two-thirds (62 per cent) of those who had planned to retire in 2011 would consider postponing their pension and continuing to work in order to boost their retirement income according to figures from Prudential's Class of 2011 research.