Pensions
Scottish Widows launches website to help understand new retirement options
Scottish Widows has launched a new website to help customers explore and understand the options available to them as they approach retirement.
Pensioners are the UK’s savviest and ‘switchiest’ savers
When it comes to looking after their nest eggs, the UK’s over 65s are the savviest and ‘switchiest’ savers, according to research commissioned by Gocompare.com Savings.
Government doubles number of pensioners receiving energy bill discount
An extra 200,000 pensioners will get money off their energy bills this winter, as the Warm Home Discount scheme expands for the fourth year.
Brits banking on inheritance for their financial future
Millions of UK adults are relying on the Bank of Mum and Dad for financial help, until their own retirement, according to research from Gocompare.com.
More than 1 in 8 of over 50s has been targeted by pension fraudsters
Over one in eight (13%) of people aged 50 and over have been approached by fraudsters, promising to release more than the 25% lump sum or to gain early access to pension savings, research from Fidelity Worldwide Investment reveals.
Chancellor abolishes 55% tax on pension funds at death
People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.
Record 3.4 million Brits relying on employers for retirement planning advice
Increasing numbers of employees are choosing their employers for advice on retirement planning according to the latest consumer research by Baring Asset Management.
State Pension £1,300 a year top up: the countdown begins
Pensioners have 1 year to go until they can obtain State Pension top-ups worth up to £1,300 a year.
Number of people not planning to retire remains at record level
One in seven (14%) non-retired people, the equivalent of around 5 million individuals, do not plan on retiring, according to the latest consumer research by Baring Asset Management.
Pension changes: less than a third of UK adults feel they will benefit financially
In March 2014, Chancellor George Osborne announced radical reforms to UK pensions, including greater flexibility to access pension money, changes to tax rules on pension withdrawals and free advice for pensioners.
Brits believe 22 years is the right length for a retirement
British adults at or approaching pension age believe that people should spend an average of 22 years in retirement, according to a new survey from Towry, the wealth adviser.
People using property to fund retirement reaches record numbers
One in 14 (7%) non-retired people – the equivalent of around 2.5 million individuals – admit they are planning on selling their primary residence to fund their retirement, according to the latest consumer research by Baring Asset Management.
Lack of saving leaving UK pension pots lacking
A relative lack of effective saving is leaving the average Briton in line to struggle significantly in financial terms throughout the course of their retirement years, according to a new report.
Inside Out: why millions of Britons are saying 'no' to private pensions
An exclusive survey commissioned by the BBC’s regional current affairs programme, Inside Out reveals new evidence on why millions of British adults do not have a private pension.
1 in 3 Brits plan to use the markets in retirement
New research from MGM Advantage suggests that UK adults are planning to use equity investments to help them outstrip inflation and manage the rising cost of living.