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25 Apr 2018 Pensions industry simplifies retirement choices

Pension providers have updated the language in their literature and on their websites to make it easier for customers to understand their retirement choices. It follows a two-year industry initiative to make pensions language simpler, clearer and more consistent. According to the A...

18 Apr 2018 Retirees give their families thousands of pounds every year

For many people, retirement does not necessarily mean an end to supporting their family. New research from Prudential reveals that nearly a third (31%) of those planning to retire this year are giving family members financial support, handing out around £4,300 per year, increasing pressu...

05 Apr 2018 One in three employees expect to work into their seventies

When do you plan to stop working? Do you have a retirement date (or age) in mind? Growing numbers of people in the UK expect to still be working in their seventies, according to new research. The Retirement Expectations study from LifeSight, Willis Towers Watson´s UK DC Maste...

28 Mar 2018 Savers withdrawing pension cash to put in savings account

The pension freedoms mean that savers now have more control over how they use their pension pot. But are they using it wisely? In a survey conducted for Retirement Advantage, research firm Censuswide quizzed 1,000 people aged 55+ who have taken advantage of the flexible rules to access a ...

21 Mar 2018 How will you fund your retirement?

One in four retired people admit they are are struggling financially, and one in three say they underestimated how much money they would need to live comfortably in retirement. That´s according to a new whitepaper by Age Partnership, which reveals that the average pensioner must mus...

14 Mar 2018 Putting off a saving decision is the UK´s biggest pension regret

We are a nation of pension procrastinators, according to new research by Aegon. The company surveyed 824 adults — both working and retired — to find out their biggest regrets and best decisions when it comes to pension saving. Among those still in work and those who are now ret...

07 Mar 2018 Do you discuss retirement finances with family?

Nearly one in three people who are approaching retirement don´t discuss financial planning with anyone in their family, including their spouse. That´s according to new research from Retirement Advantage, which showed that 29% of over 55s with a property and a pension don´...

28 Feb 2018 Divorced retirees have lower retirement income

People who get divorced tend to have a lower income in retirement and are more likely to retire in debt and without private pension savings, according to research from Prudential. Among the ‘Class of 2018´ — those who plan to retire this year — the expected annual retirement i...

21 Feb 2018 Could a ´care pension´ help people insure against long-term care costs?

A ‘care pension´ could be one solution to help people cover the cost of their care needs in later life, according to a former pensions minister. Steve Webb, who is now director of policy at mutual insurer Royal London, said that resolving the issue of funding long-term care is bec...

14 Feb 2018 Pension savings gap widens with age

The gender pay gap, coupled with time spent out of employment to raise children and act as caregivers, means that women tend to build up much smaller pension pots than men. According to research by Aegon, by the time women reach the age of 50 they have on average only half the pension sav...

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