27 Jun 2018
June 27, 2018
The pension freedoms introduced in April 2015 give people more choice over what they do with their retirement savings, allowing savers to take cash withdrawals or an income drawdown rather than spending the whole lot on an annuity.
But how are people spending the money they…
25 Jun 2018
June 25, 2018
Almost nine in ten (89%) employers offer death-in-service benefits and the average company pays out between one and two years´ salary, according to research by Direct Line Life Insurance.
This amounts to between £27,600 and £55,200, and — while the payout is a welcome boost —…
20 Jun 2018
June 20, 2018
One in five over 50s in the UK — around 3.9 million people — plan to use some of their property wealth to fund their retirement, according to research by OneFamily.
There are several ways of doing this, such as downsizing, making buy-to-let investments, or unlocking the capital…
18 Jun 2018
June 18, 2018
Workers in the UK have embraced auto enrolment and would be happy to pay more than double the current default rate of pension savings, according to a global study by pensions and investment firm Aegon.
Auto enrolment has been successful in ensuring millions of people are saving…
13 Jun 2018
June 13, 2018
Most of the wealth held by older people in England will be passed on to later generations rather than used in retirement, according to new research by the Institute for Fiscal Studies (IFS).
The research reveals that, among the next group of retirees — those aged 55-64 — median…
06 Jun 2018
June 6, 2018
Growing numbers of people are choosing to speak to a financial adviser about their finances but the numbers are still low, according to research by Aegon.
The survey of 909 UK adults revealed that 10% use a financial adviser. That´s a 25% increase in the number of people seeking…
31 May 2018
May 31, 2018
The gender pay gap in retirement is shrinking, but women retiring in 2018 will still have incomes nearly £5,000 lower than men, according to new research from Prudential.
In its latest ‘Class of´ research, the company found that that men expect to retire on an average annual…
03 May 2018
Employees value their company pension scheme above all other workplace benefits, according to new research from Jobsite.
The online job board questioned 500 UK employees, revealing that they consider a pension scheme to be more important than a bonus or private healthcare.
03 May 2018
More than one million UK employers are now meeting their automatic enrolment duties, according to figures from The Pensions Regulator.
It means that around 9.3 million people are saving into a workplace pension.