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Pensions News Stories

Are pension freedom withdrawals sustainable?

Updated: 05th December 2017 - First Published: 05th December 2017 The pension freedoms were touted as a way to give retirees control over their pension pot, yet concerns remain over the sustainability of many of those pots, with a lot of retirees on course to spend their savings far too quickly. Read More...

Gig workers miss out on £75,000 in pensions

Updated: 08th November 2017 - First Published: 08th November 2017 The gig economy is a growing part of the workforce, yet while these workers can benefit from flexibility, they miss out on the benefits of being in traditional employment - and for many, that means they’re losing out on pension cash. Read More...

Mixed news for pensions thanks to inflation

Updated: 26th October 2017 - First Published: 17th October 2017 Given all the news on inflation we’ve been inundated with, you’ll be aware of the effects on your everyday expenses and savings . However, did you know it will also affect pensions – and not necessarily in a bad way? Read More...

Are we hurtling towards a pensions crisis?

Updated: 06th October 2017 - First Published: 06th October 2017 The pensions net may be widening, but there are growing concerns that even this may not be enough to stop the looming pensions crisis, with only 11% of 35-54 year olds confident that they’ll be financially secure throughout retirement. Read More...

The pensions net widens - are you in?

Updated: 02nd October 2017 - First Published: 02nd October 2017 From 1 October, new start-up businesses will have to enrol staff into a workplace pension scheme straight away. With almost 9m people contributing to a personal pension in 2015/16, much is being done to ensure people save for the future – are you? Read More...

Pension participation at record high

Updated: 25th September 2017 - First Published: 25th September 2017 New figures from the Association of British Insurers (ABI) show that the number of workplace pensions hit a record high in 2016, with 7.5 million policies in force – which means more people than ever are saving for their financial future. Read More...

Happy Pensions Awareness Day!

Updated: 15th September 2017 - First Published: 15th September 2017 We could all do with getting more engaged with our pensions, with frequent warnings that we’re not saving enough for retirement. That’s why the Pensions Awareness Campaign was launched, and today (15 September) is Pensions Awareness Day 2017! Read More...

Millennials willing to save more in a pension

Updated: 25th August 2017 - First Published: 25th August 2017 It’s often assumed that the younger generation doesn’t think a whole lot about their financial future, yet research shows that this may be unfounded, with a lot of millennials willing to save far more for their pensions than many people think. Read More...

The end of pensions cold calling

Updated: 21st August 2017 - First Published: 21st August 2017 There have long been calls for a ban on pensions cold calling, with many retirees having lost their life savings to unscrupulous scammers. Happily, that kind of thing could be coming to an end, with new measures being put in place to protect savers. Read More...

“Challenging conditions” for personal pensions

Updated: 15th August 2017 - First Published: 15th August 2017 Private pensions are becoming increasingly important, particularly given that state pension age is rising. It’s therefore worrying news that the economic environment for investors has weakened, with a marked drop in pension fund performance. Read More...

UK world-leading in workplace pension importance

Updated: 07th August 2017 - First Published: 07th August 2017 A global study has revealed that the UK is world-leading when it comes to ensuring workplace pensions are a key aspect of retirement income. Much of this is due to the introduction of automatic enrolment in 2012. Read More...

Women are worse off thanks to state pension change

Updated: 02nd August 2017 - First Published: 02nd August 2017 Just two weeks ago the Government announced that it was raising state pension age faster than planned, but research shows that many women are still suffering from previous increases, and are poorer because of it. Read More...

Older people increasingly caught by pension scams

Updated: 24th July 2017 - First Published: 24th July 2017 The pension freedoms have given retirees far more choice in how they spend their pension pot, yet it’s also opened the floodgates for pension scammers, as unscrupulous individuals target retirees' cash. Read More...

State pension age to rise sooner-are you affected?

Updated: 20th July 2017 - First Published: 20th July 2017 The Government announced yesterday that the planned increase to the state pension age will be brought forward by seven years, which has the potential to scupper the retirement plans of millions of workers. Will you be impacted? Read More...

1 million to opt out of pension in 2019

Updated: 03rd July 2017 - First Published: 03rd July 2017 A million people will choose to miss out on crucial retirement saving in 2019, Government figures predict. This is despite the fact that auto-enrolment will be fully in place by then, at least for those that meet the current criteria. Read More...

ILP Moneyfacts reveals 2017 awards finalists

Updated: 23rd June 2017 - First Published: 22nd June 2017 Investment Life & Pensions Moneyfacts, the key publication for the pensions industry, has today announced the finalists for its 2017 awards. The winners will be revealed at an evening awards dinner on 21 September 2017 hosted by Russell Kane. Read More...

Delay retirement and add thousands to your pension

Updated: 31st May 2017 - First Published: 31st May 2017 Giving up work and starting a long and happy retirement may be the dream, but it may stay just that for many. A growing number of would-be retirees are staying in work for longer, yet research shows that it could boost your pension by thousands! Read More...

One in seven approach retirement with no pension

Updated: 03rd May 2017 - First Published: 03rd May 2017 We all need to do more to prepare for retirement, something sharply highlighted by the finding that around one in seven people are approaching retirement with no workplace or private pension whatsoever, leaving many wholly reliant on the state. Read More...

Men have three times as much as women in pensions

Updated: 19th April 2017 - First Published: 19th April 2017 Saving for a pension should be at the top of the agenda, yet there’s a definite split between men and women. The gender savings gap is yet to close to any extent, with research showing that men have three times as much as women in their pension pots. Read More...

Pension freedoms have boosted pots by £21,000

Updated: 06th April 2017 - First Published: 06th April 2017 Today marks the two-year anniversary of the pension freedoms being introduced, which revolutionised the pensions industry - millions of people are saving more into a pension as a direct result, boosting their pots by an average of £21,000. Read More...

State pension age could rise faster than expected

Updated: 23rd March 2017 - First Published: 23rd March 2017 Two separate reports have been released today that show the state pension age could rise faster than expected, which means that, if you’re hoping for an early retirement, you’ll need to concentrate even more on building up your own pension pot. Read More...

The Pension Advice Allowance – will you use it?

Updated: 06th February 2017 - First Published: 06th February 2017 The Government has announced fresh plans for the Pension Advice Allowance, a scheme designed to let retirement savers access £1,500 from their pension pot, tax-free, to pay for financial advice at various life stages. Will you be taking advantage? Read More...

The pension savings bug only lasts a month

Updated: 01st February 2017 - First Published: 01st February 2017 Many of us have good intentions when it comes to saving for retirement, but research has found that the pension savings bug only lasts for a month after workers receive a pay rise, with those good intentions being very short-lived. Read More...

2016 saw highest pension fund returns since 2009

Updated: 24th January 2017 - First Published: 24th January 2017 2016 may have been turbulent, but it seems that this turbulence paid off for retirement savers, with new data revealing that pension funds enjoyed their highest returns since 2009. Read More...

Have you lost track of your pensions?

Updated: 20th January 2017 - First Published: 20th January 2017 The changing nature of the jobs market means it’s highly likely that you’ve got more than one pension pot, but the question is, do you know where they all are? According to research from Aegon, many people don’t. Read More...

Grandparents missing out on pension protection

Updated: 18th January 2017 - First Published: 18th January 2017 Grandparents who give up work to take care of their grandchildren could be missing out on valuable state pension rights. So, if you're a grandparent taking care of a little one, make sure you’re building up all of the pension that you deserve. Read More...

Setting goals could boost your pension pot by £30K

Updated: 16th December 2016 - First Published: 16th December 2016 Setting goals can be the key to success in many areas of life, helping motivate you to achieve anything from career progression to building up that house deposit - and if you have goals set for retirement, you could boost your pension by £30,000. Read More...

Pretend to be a time traveller day: Are you ready?

Updated: 08th December 2016 - First Published: 08th December 2016 Today marks international ‘pretend to be a time traveller day’, a perfect occasion to look at what our lives might look like in 50 years’ time. Are you prepared for 2066? Read More...

Two out of five pensioners worry about money

Updated: 07th December 2016 - First Published: 07th December 2016 Nearly two out of five pensioners fear that they’ll run out of money in retirement because they do not have enough guaranteed income, according to a new study by MetLife. Read More...

Savers more worried about looks than pension

Updated: 27th October 2016 - First Published: 27th October 2016 When you think of getting older, what’s the first thing that comes to mind? For many, it’ll be fears about their looks – but they should really be concerned about their financial situation. Read More...

Pension funds defy uncertainty with strong returns

Updated: 19th October 2016 - First Published: 19th October 2016 Economic uncertainty has been a persistent theme in recent months, but happily, not every area has been negatively impacted. Indeed, our latest figures show that the pension sector has bucked the trend and posted unexpectedly strong returns. Read More...

Do you know what a pension is?

Updated: 13th October 2016 - First Published: 13th October 2016 Pensions are something we all need to get our heads round, and we’re continually told that it’s important to start saving into one from as early as possible. Yet new research suggests that this advice could be falling on deaf ears. Read More...

Record number of 100-year-olds

Updated: 30th September 2016 - First Published: 30th September 2016 The chances of living to be over a hundred years old are going up, as figures from the ONS show that there were a record number of 14,570 centenarians in 2015, an increase of 65% over the last decade. Read More...

Are you a pension procrastinator?

Updated: 16th September 2016 - First Published: 16th September 2016 We all know that we should be saving towards our pension, yet unfortunately, this can often get pushed down the to-do list. Other financial commitments can easily take precedence, which means many of us end up procrastinating - don’t be one of them! Read More...

How often do you check your workplace pension?

Updated: 09th September 2016 - First Published: 09th September 2016 With the introduction of automatic enrolment, more of us are now paying into a pension pot through our employer. In order to get the most of this retirement saving, it is important not to just let your pension sit unnoticed and unchecked. Read More...

Do you talk to your partner about your pension?

Updated: 05th September 2016 - First Published: 05th September 2016 Pensions are vital to think about on an individual basis, but they’re just as important if you’re coupled up. After all, pensions are an essential part of long-term planning, yet many pre-retirees are failing to give it the attention it deserves. Read More...

Don’t put your pension freedom cash at risk

Updated: 25th August 2016 - First Published: 25th August 2016 A huge number of retirees have been taking advantage of the pension freedoms since they were launched, but unfortunately, this could lead to unexpected losses… Read More...

Workers in the dark over National Insurance

Updated: 25th August 2016 - First Published: 25th August 2016 Thanks to automatic enrolment, more people than ever are planning for their retirement and getting their personal pension provision on track. But what about their state pension? Unfortunately, a worrying proportion could end up missing out. Read More...

Pension freedoms: some people are taking too much

Updated: 15th August 2016 - First Published: 15th August 2016 The pension freedoms were designed to give retirees the chance to spend their pension pot as they see fit, and they're having the desired effect. The majority are taking a sensible approach to pension access – but it isn't the case for everyone. Read More...

Will you pass on your pension?

Updated: 04th August 2016 - First Published: 03rd August 2016 A pension is designed to provide an income throughout your post-work life, but many are viewing the recent pension freedoms as a chance to pass on their wealth tax-efficiently, and are planning to hold back savings to pass on after they die. Read More...

Will you use your home as your pension?

Updated: 02nd August 2016 - First Published: 02nd August 2016 Your home may be your biggest asset, but will you actually use that asset to fund retirement? Despite the growing popularity of equity release and downsizing, the majority of homeowners don’t see their home as a source of retirement income. Read More...

Retirees taking advantage of pension freedoms

Updated: 28th July 2016 - First Published: 28th July 2016 The pension freedoms were introduced last April as a way to give retirees the chance to access their savings how and when they want to, and it seems to be having the desired effect, with more and more people are taking advantage of the reforms. Read More...

Women have yet to close the pension savings gap

Updated: 21st July 2016 - First Published: 21st July 2016 The gender savings gap has long been a concern of retirement experts and individuals alike, and unfortunately, it looks as though it’s still a key issue, as new research from Aegon UK highlights. Read More...

Will you have a state pension in years to come?

Updated: 13th July 2016 - First Published: 13th July 2016 The state pension is often thought of as a basic human right; a trade-off for working for decades and paying National Insurance. However, there are growing fears that the state pension could become less generous in the years ahead. Read More...

Top pension scams to watch out for

Updated: 28th June 2016 - First Published: 28th June 2016 It’s vital to be on your guard when it comes to pension scams, but perhaps even more so since the pension freedoms were introduced: con artists see this as a way to access your cash, so here are the top things to look for to avoid becoming a victim. Read More...

What does Brexit mean for pensions?

Updated: 24th June 2016 - First Published: 24th June 2016 The votes have been cast and the decision made - Britain is leaving the EU. We won’t know for sure how this will affect things for some time yet, but experts have already been discussing the implications with regards to pensions. Read More...

Greater pension awareness could boost pots

Updated: 24th June 2016 - First Published: 23rd June 2016 Are you aware of the pension freedoms? They may have come into force over a year ago, but it seems that many people are still unaware of their existence, which could mean that their retirement income is compromised. Read More...

ILP Moneyfacts reveals 2016 awards finalists

Updated: 23rd June 2016 - First Published: 21st June 2016 Investment Life & Pensions Moneyfacts has announced the finalists for its 2016 awards. The winners will be revealed at an awards dinner on 22 September 2016, held at the Lancaster London Hotel and hosted by Claudia Winkleman, but who's made the cut? Read More...

Are you experiencing a midlife pensions crisis?

Updated: 17th June 2016 - First Published: 17th June 2016 We’ve all heard the cliché of a midlife crisis, but it could be truer than you may think – particularly in the financial sense. In fact, many 40-somethings have a crisis of confidence about their pensions, with few predicting a comfortable outcome. Read More...

Where will your money go once the mortgage is paid

Updated: 16th June 2016 - First Published: 15th June 2016 Being able to pay off the mortgage is the dream of many homeowners, but just what will you do with all that extra money once it’s been repaid? Well, Saga has taken a look, and it seems that many over-50s choose to splash out… Read More...

UK pension pots close to record high

Updated: 25th May 2016 - First Published: 25th May 2016 Building up a suitable pension pot is a must if you want to look forward to a comfortable retirement, and happily, the value of the typical pension pot is on the rise – and lots of it is thanks to rebounding stock markets. Read More...

The pension postcode lottery

Updated: 18th May 2016 - First Published: 18th May 2016 The importance of saving for a pension is being continually drummed into us at the moment, but did you know that the amount you end up with could be related to where you live in the country? Read More...

Women less engaged with pension planning

Updated: 03rd May 2016 - First Published: 03rd May 2016 How engaged are you with your pension? Your answer could well depend on your gender, with research showing that women are far less likely to review their pension investments or know their expected income – which means many could be in for a shock. Read More...

More people on track for a comfortable retirement

Updated: 27th April 2016 - First Published: 27th April 2016 Running out of money in retirement is a growing concern, and the key to avoiding that is to save as much as possible. Happily, the message appears to be getting through, with a growing number of people on track for the retirement they want. Read More...

Good news: the end of pensions jargon is nigh!

Updated: 19th April 2016 - First Published: 19th April 2016 If you struggle to understand your pension, you’re not alone. Pensions jargon abounds and can leave many people confused, but happily, things could be set to change, with the ABI revealing a guide that aims to simplify things a bit. Read More...

One year on from pension freedoms – what happened?

Updated: 05th April 2016 - First Published: 05th April 2016 In the months leading up to the launch of the reforms, fears abounded over whether pensioners would rush to cash in their precious pension pots and blow the money, but one year on, it seems that these worries were unfounded. Read More...

Consumers are missing signs of pension scams

Updated: 31st March 2016 - First Published: 31st March 2016 We all like to think that we’d spot a scam from a mile away, but this may not be the case, with research finding that the vast majority of people actually miss common warning signs of pension scams – despite being confident that they’d spot them. Read More...

Fears of Lamborghini pensioners put to rest

Updated: 24th March 2016 - First Published: 24th March 2016 The announcement of the pension freedoms, while welcomed by many, were also met with fears that pensioners would blow their life savings on Lamborghinis, but happily, it appears that these fears have been almost wholly unfounded. Read More...

Would you consolidate your pensions?

Updated: 22nd February 2016 - First Published: 22nd February 2016 The nature of the jobs market has changed a great deal in recent decades, which means people can amass a number of workplace pensions during a career. As a result, consolidation is becoming an increasingly necessary route, but would you consider it? Read More...

Pension funds fall by 2.5% in January 2016

Updated: 09th February 2016 - First Published: 09th February 2016 You may think that global stock market turmoil has little impact on your personal finances, but it could have more of an effect than initially expected, particularly if you’re saving into a pension fund. Read More...

Women are closing the pension savings gap

Updated: 07th June 2017 - First Published: 27th January 2016 There have long been concerns of a growing pension savings gap between men and women, but happily, women are slowly starting to close it: Aegon has found that 7% of women are on track for the retirement income they want, up 2% from last year. Read More...

Could the lower lifetime allowance affect you?

Updated: 26th January 2016 - First Published: 26th January 2016 From April, the lifetime allowance for pension savings will drop to £1m. Essentially, this means that any pension savings you have above £1m will become liable for tax, and although that may seem a huge amount, it could be closer than you think. Read More...

Lack of pensions preparation

Updated: 22nd August 2017 - First Published: 21st January 2016 Pensions have been squarely in the spotlight over the last few years, but some people are still unaware of the importance of preparation – and there are even divisions when it comes to options over how you should get ready for retirement. Read More...

New pension scams campaign launched

Updated: 11th January 2016 - First Published: 11th January 2016 A new campaign is being launched today to help warn people of the dangers of pension scams, and ultimately, help ensure that those who want to take advantage of the pension freedoms don’t lose out. Read More...

Have you been targeted by pension freedom scammers

Updated: 21st December 2015 - First Published: 21st December 2015 The pension freedoms may be giving retirees more freedom when it comes to spending their pot, but they’ve also opened up more opportunities for scammers, and a growing number of people fear they’ve been targeted. Read More...

Confusion over state pension – will you qualify?

Updated: 10th December 2015 - First Published: 10th December 2015 The new state pension will be with us in a little over three months’ time, but despite the fact that so many people rely on it, there’s widespread confusion about what the changes actually mean, and who will end up qualifying for the full amount. Read More...

Self-employed aren’t pension saving

Updated: 03rd December 2015 - First Published: 03rd December 2015 Pension saving has come under the spotlight in recent years, but while things like automatic enrolment have had a largely positive impact, there’s one sector of the workforce that hasn’t benefited – the self-employed. Read More...

Savers oblivious to pension basics

Updated: 01st December 2015 - First Published: 01st December 2015 How much do you know about your pension? Do you know what funds your scheme invests in, or the performance of those funds? Well, you may not be as familiar as you perhaps should be, with many people not even aware of the basics. Read More...

Grandparents raid the pension to help grandkids

Updated: 11th November 2015 - First Published: 11th November 2015 The Bank of Mum and Dad is open for business in many families, but it seems that the Bank of Gran and Granddad is just as busy – and unfortunately, many grandparents could be sacrificing their own financial security in the process. Read More...

Are you baffled by pensions guidance?

Updated: 11th November 2015 - First Published: 11th November 2015 Do you know the difference between pensions advice and pensions guidance? If not, or you’re under the impression that they’re the same, then you’re not alone, as research has revealed that many consumers are baffled by the division. Read More...

Longer lives put pressure on pension pots

Updated: 05th November 2015 - First Published: 05th November 2015 As our health, diet and living conditions improve, so too does our longevity. And while living longer is certainly no bad thing, it can put pension savings under pressure, especially in cases where forward planning may have been put to one side. Read More...

Will you be worse off with the single tier pension

Updated: 27th October 2015 - First Published: 27th October 2015 The new flat rate state pension comes into force next year, but the question is, will you be better off? According to research from Hymans Robertson, a worrying number of people won’t be. Read More...

Your pension – ignorance isn’t bliss

Updated: 14th October 2015 - First Published: 14th October 2015 Are you saving for your pension? Hopefully you’re well on your way to building a suitable pot, but it’s just as important to know how big a pot it is that you’re accumulating – if you don’t, you may get a shock when it’s time to retire. Read More...

State pension top-ups – what you need to know

Updated: 12th October 2015 - First Published: 12th October 2015 From today, millions of people have the chance to boost their retirement income by up to £25 a week through a top-up scheme. But what is the scheme, is it worthwhile, and will you take advantage? Here’s a run-through of everything you need to know. Read More...

Will you top-up your pension?

Updated: 09th October 2015 - First Published: 09th October 2015 Monday (12 October) heralds the day when pensioners and those reaching retirement age before the 6 April 2016 will be given the opportunity to ‘buy’ a top-up for their pension. Read More...

The pension freedoms – six months on

Updated: 05th October 2015 - First Published: 05th October 2015 It’s now been six months since the pension freedoms were introduced, and it looks as though many people have been taking advantage of them. Interestingly, latest figures show that it’s the younger age group who have gone all-out, too… Read More...

Confusion over pension saving

Updated: 28th September 2015 - First Published: 28th September 2015 Do you know the best way to save for retirement? If not, you’re not alone, because research has revealed the extent of confusion about the pensions system in the UK, with the majority finding it difficult to know where to start. Read More...

Pension Awareness Day: know your pension

Updated: 20th September 2017 - First Published: 15th September 2015 Pension Awareness Day is here, but the question is, do you really know your pension? If not, it’s time to get acquainted, because it could mean the difference between securing the retirement income you want, and suffering from a serious shortfall. Read More...

Good news: More people are saving in a pension

Updated: 09th September 2015 - First Published: 09th September 2015 Have you been signed up to a workplace pension as a result of automatic enrolment? If so, you’re probably feeling the benefits – and can continue to do so for the long term – with research revealing that more people are now saving for retirement. Read More...

Can you rely on the state pension in years to come

Updated: 25th August 2015 - First Published: 24th August 2015 If you’re a long way off from retirement, you may not have given much thought to how you’ll secure an income in your post-work years. Many people assume that the state pension will be enough, but will you be able to rely on it in years to come? Read More...

Retirees could lose out by using pension freedoms

Updated: 21st August 2015 - First Published: 21st August 2015 If you want to take advantage of the pension freedoms, just how far will you go? Many people could be tempted to cash in the lot, but they’re being issued a stark warning – go about it the wrong way, and you could lose out. Read More...

Young need “reality check” on pension savings

Updated: 06th August 2015 - First Published: 06th August 2015 If you’re young, you may not have thought too much about what retirement holds, or how you’ll save into a pension to fund it. But, that could mean you don’t start saving as early - or as much - as you should. Read More...

Do you keep tabs on your pension savings?

Updated: 31st July 2015 - First Published: 31st July 2015 How regularly do you check on the performance of your pension savings? Chances are, it’s not very often, with 63% of over-45s pay little or no attention to their pension pots, but this is something that could lead to a poorer retirement outcome. Read More...

Would you keep working after state pension age?

Updated: 22nd July 2015 - First Published: 22nd July 2015 The thought of reaching retirement age is what keeps many workers going, but what if you didn’t – or couldn’t – give up work? Would you choose to keep working after state pension age? A growing number of people are doing just that. Read More...

Income drawdown taking over

Updated: 17th July 2015 - First Published: 17th July 2015 The pension reforms have given retirees complete freedom in how they spend their pension pot, and research has shown how much people are taking advantage. Not only has almost £2bn been withdrawn, but there’s a definite shift towards drawdown… Read More...

Would you choose pension cash over income?

Updated: 16th July 2015 - First Published: 16th July 2015 The pension freedoms have given retirees the chance to withdraw their entire pension pot as cash, and some are taking advantage of it. However, this comes with a huge amount of risk, as you could be left without an income during retirement. Read More...

Could more changes be on the way for pensions?

Updated: 10th July 2015 - First Published: 10th July 2015 It doesn’t seem as though we’ve had time to get used to the last set of pension reforms, but if this week’s Budget was anything to go by, we could be in for some more changes… Read More...

Have attitudes changed since the pension reforms?

Updated: 08th July 2015 - First Published: 08th July 2015 The pension reforms were met with much fanfare and anticipation, with many of those who were close to retirement having clear ideas about what they’d do when the freedoms came into force. The question is, did they stick to them? Read More...

Don’t be targeted by pension scammers

Updated: 02nd July 2015 - First Published: 02nd July 2015 We all know the importance of being on our guard against scams, but the pension reforms mean it’s more important than ever to be vigilant, as having the freedom to withdraw your entire pot means unscrupulous individuals could want to help. Read More...

Don’t be confused by your pension

Updated: 26th June 2015 - First Published: 26th June 2015 Do you know how much you’ll get from your state pension? What about your personal or workplace one? Research suggests that many people don’t know how much they’ll receive, and this level of confusion could lead to a worrying shortfall in income. Read More...

£1bn already taken out of pension pots

Updated: 18th June 2015 - First Published: 18th June 2015 Chancellor George Osborne has revealed that over £1 billion has already been taken out of pension pots since the reforms came into play earlier this year, “a sign that this is a real success”, he said. Read More...

No dash for pension cash

Updated: 15th June 2015 - First Published: 15th June 2015 The pension freedoms led many people to predict a rush for pension cash, but happily, it seems that most have taken the sensible option and resisted the temptation to empty their pot in one go. Read More...

Have you been unable to access pension freedoms?

Updated: 05th September 2017 - First Published: 10th June 2015 The pension reforms officially came into being in April, but amid all the hype and expectation, it wasn’t widely publicised that not everyone would be able to take advantage of the new flexibilities. Read More...

Have you lost a pension?

Updated: 03rd June 2015 - First Published: 03rd June 2015 How many pension pots do you have floating around? And, more importantly, do you know where they are? According to research, many people don’t, with the number of people trying to hunt down lost pensions having more than tripled in the last decade. Read More...

The rush for pension cash subsides

Updated: 03rd June 2015 - First Published: 02nd June 2015 If you’re approaching retirement, you were probably waiting with baited breath for the pension reforms to come into force. Have you taken advantage of the chance to withdraw the cash from your pot? Read More...

Will you retire without a pension?

Updated: 24th July 2017 - First Published: 27th May 2015 If you’re nearing retirement, thoughts are probably turning to how you’ll secure an income during your post-work years. Ideally you’ll have a pension pot that will see you through, but what if you don’t? Read More...

Will you embrace pensions advice?

Updated: 14th May 2015 - First Published: 14th May 2015 The pension freedoms mean that those approaching retirement have more choice than ever when it comes to securing an income, but they’ve also made the decision more complex. That’s why seeking advice is vital, but not everyone realises that fact. Read More...

How confident are you about funding retirement?

Updated: 11th May 2015 - First Published: 11th May 2015 If you’re approaching retirement, thoughts are probably turning to how you’re going to fund it. But are you confident about being able to do so effectively? Unfortunately, research has found that a worrying number of people aren’t. Read More...

Warning: reinvesting pensions could reduce value

Updated: 25th September 2017 - First Published: 30th April 2015 Are you contemplating withdrawing your pension pot as cash? If so, what will you do with it? According to research, almost a third would look to reinvest it elsewhere – but they’ve warned that doing so could substantially reduce its value. Read More...

Surge in pension enquiries following reforms

Updated: 16th April 2015 - First Published: 16th April 2015 The pension freedoms officially came into being last week, and unsurprisingly, it meant a lot of people had questions. Industry analysis shows just how quick off the mark people were, with enquires to pension companies seeing a significant surge. Read More...

Growing demand for online pension solutions

Updated: 15th April 2015 - First Published: 15th April 2015 How do you manage your workplace pension? Or, perhaps a more pressing question, do you engage with it at all? For many, actively managing their workplace pension isn’t high on the list of priorities, but perhaps it would be if it was more convenient… Read More...

Do you know the tax rules of pension freedom?

Updated: 09th April 2015 - First Published: 09th April 2015 The pension freedoms have certainly got everyone excited, with those approaching retirement all clamouring to take advantage of the new flexibilities. But, before you dive in, are you sure you understand the tax implications? Read More...

6 things you need to know about pension freedoms

Updated: 07th April 2015 - First Published: 07th April 2015 It’s official – the pension freedoms are finally with us! The reforms give more flexibility in how you spend your pension pot than ever before, and that means it’s vital you understand the new options open to you. But just what do the changes mean? Read More...

Pension changes – watch out for the fraudsters!

Updated: 07th April 2015 - First Published: 31st March 2015 There’s now less than a week to go until the new pension reforms come into effect, but what does this mean for you? Well, while the changes herald new freedoms in the pensions landscape, they’ve also increased the risk of scams. Read More...

Should pensions go digital?

Updated: 27th April 2017 - First Published: 27th March 2015 As the initiation of the new pension reforms looms (6 April), the pensions industry is gearing up for the changes. But is enough being done to make access to pension pots and information simple and practical? Read More...

Steer clear of pension scams

Updated: 23rd March 2015 - First Published: 23rd March 2015 The dawn of the new pension reforms is looming on the horizon, but while the changes herald new freedoms in the pension landscape... Read More...

What does the Budget mean for pensions?

Updated: 20th March 2015 - First Published: 20th March 2015 While plans for savings proved to be the biggest surprise in this year’s Budget, the Chancellor also confirmed several measures to do with pensions... Read More...

Majority in the dark about pension reforms

Updated: 18th March 2015 - First Published: 18th March 2015 Today’s Budget promises to expand the pension freedoms outlined in last year’s big announcement. However, it seems that the majority of people in the UK... Read More...

Campaign launched to boost pension awareness

Updated: 17th March 2015 - First Published: 17th March 2015 A campaign has been launched to help consumers understand their pension choices as they approach retirement, following studies that... Read More...

Only 54% equipped to make pension decisions

Updated: 13th March 2015 - First Published: 13th March 2015 The date for the launch of the new pension freedoms (6 April) is creeping ever closer – but are you fully prepared for the choices that are about to open up? Read More...

What do you want Pension Wise to cover?

Updated: 31st July 2017 - First Published: 13th March 2015 If you’re approaching retirement, you’re probably starting to think about your income options. The Pension Wise service could... Read More...

The pensions gender gap

Updated: 06th March 2015 - First Published: 06th March 2015 How much do you plan to retire on? And, tellingly, how does it compare to the plans of your partner? Research has highlighted the stark gender gap in retirement expectations, with women planning to retire on £4,800 – or 25% – less than men. Read More...

How much do you know about the pension reforms?

Updated: 19th February 2015 - First Published: 19th February 2015 The pension reforms are rapidly approaching, but how much do you know about them? Well, if a recent survey is anything to go by, you may not be fully clued up, with the figures showing that just 22% of respondents are aware of the new flexibilities. Read More...

Your pension: do you make the most of tax relief?

Updated: 17th August 2017 - First Published: 12th February 2015 We all know the importance of saving for retirement, but many fail to realise that saving into a pension could provide shorter-term benefits, too, namely in the form of tax relief. Are you making the most of it? Read More...

One in 10 pensioners are targeted by fraudsters

Updated: 11th February 2015 - First Published: 11th February 2015 You’ve worked hard all your life, have carefully saved into a pension, and now you want to enjoy the fruits of your labour by securing a comfortable retirement income from your pension savings. So why risk losing your pot to fraudsters? Read More...

Have you lost your pension?

Updated: 23rd June 2017 - First Published: 03rd February 2015 The pension reforms set to be with us in April offer more flexibility than ever before, allowing pensioners to spend their cash as they see fit. But, what if you’ve lost track of your pension pots over the years? It’s time to track them down. Read More...

More young people are saving for their pension

Updated: 07th June 2017 - First Published: 21st January 2015 Do you have a private pension? If so, are you actively saving into it? Hopefully the answer is yes to both, and perhaps surprisingly, it’s the younger generation that’s leading the way. Read More...

Don’t risk being “pension poor”

Updated: 16th January 2015 - First Published: 16th January 2015 There are fears that a growing number of people could face being “pension poor” in retirement, with research finding that many could be under pressure to lend family members money if they unlock their retirement pots in April. Read More...

Government unveils pensions guidance service

Updated: 12th January 2015 - First Published: 12th January 2015 Today (12 January 2015) the Government revealed the name of its new pensions guidance service, which is to be run in partnership with the Citizens Advice and The Pensions Advisory Service (TPAS). Read More...

Don’t be a victim of pension liberation scams

Updated: 10th December 2014 - First Published: 10th December 2014 You work hard all your life, make regular contributions towards your pension, and have accumulated a decent pot by the time you’re in your 50s. So why sacrifice it by putting it into the hands of fraudsters? Read More...

More education needed on pensions reforms

Updated: 01st December 2014 - First Published: 01st December 2014 April 2015 will herald a wealth of new changes in the pensions sector, transforming retirement options and opening up more avenues of retirement income than ever before. However, not everyone is prepared for the changes. Read More...

Women: don’t fall behind with pension planning

Updated: 26th November 2014 - First Published: 26th November 2014 Working out how you’ll secure a retirement income will be key to long-term financial stability, but not everyone is as up to speed as they should be – women are falling woefully behind in their pension planning, so now’s the time to take action. Read More...

18% could miss out on the full state pension

Updated: 05th November 2014 - First Published: 05th November 2014 The full flat rate State Pension comes into effect in April 2016, but there’s been much speculation about its calculation methods - and there are fears that not everyone will qualify for the full amount. Read More...

Your pension: the importance of saving early

Updated: 03rd May 2017 - First Published: 04th November 2014 The importance of saving towards a pension is continually drummed into us, and it seems as though the message is getting through. But, if you want to maximise your chances of building a decent pot, you want to start saving as early as possible. Read More...

200,000 could cash in their pension – will you?

Updated: 11th December 2017 - First Published: 29th October 2014 The new freedoms set to grace the pensions landscape have been widely applauded by savers and the industry alike, and according to research, a lot of people will take advantage of that flexibility to cash in the lot. Read More...

More people saving into a pension

Updated: 17th October 2014 - First Published: 17th October 2014 People of working age are continually being reminded of the importance of saving for the future, and happily, it seems that the advice is paying off. Read More...

A year to go until you can top up your pension

Updated: 13th October 2014 - First Published: 13th October 2014 This week marks a year until you can start topping up your state pension. You can pre-register now and, from next October, can make additional contributions that could give you an extra £1,300 per year in state pension, but will you take advantage? Read More...

Don’t be scammed – understand the pension rules

Updated: 30th September 2014 - First Published: 30th September 2014 If you’re approaching retirement, the last thing you want to worry about is being scammed out of your hard-earned savings. Well, if you’re not careful, you could be, as so-called pension liberation scams are becoming a growing concern. Read More...

Retirees urged to use mixed retirement solutions

Updated: 29th September 2014 - First Published: 29th September 2014 The ream of new pension options due next year will give those heading towards retirement more choice than ever before. And the right choice, it seems, is to take a balanced approach. Read More...

22-year retirement? You'll need a bigger pot

Updated: 23rd September 2014 - First Published: 23rd September 2014 It’s probably fair to say that many of us look forward to our retirement. However, if we all want to enjoy our golden years in style, we may have to start putting more of our hard-earned cash away. Read More...

Will you cash in your pension pot?

Updated: 10th September 2014 - First Published: 10th September 2014 The new pension freedoms set to grace the landscape left a lot of people concerned that pensioners will cash in the lot and go on a spending spree. Well, those fears could be unfounded, as only a small proportion plan to withdraw all their savings. Read More...

Do you need a financial MOT?

Updated: 30th June 2014 - First Published: 30th June 2014 The headlines are full of the praises of auto-enrolment at the moment, but what about those that are approaching retirement and haven’t built up a decent sized pension pot? Read More...

Pension reforms given go-ahead

Updated: 24th April 2017 - First Published: 27th June 2014 Plans to radically overhaul the UK pensions system have been given the go-ahead, it was confirmed yesterday, with Pensions Minister Steve Webb set to proceed with his reforms. Read More...

£1 million in earnings. But what about retirement?

Updated: 27th June 2014 - First Published: 27th June 2014 Have you ever wondered how much you actually earn in a lifetime of hard work? Well, according to research carried out by Prudential, the average UK worker will have earned £1 million by the time they are just over 56-and-a-half years old. Read More...

CDC schemes – a new pensions world?

Updated: 31st October 2017 - First Published: 05th June 2014 Yesterday the Queen gave her annual speech at the opening of Parliament,and while 11 new bills were covered, the key – at least for a lot of commentators – was the focus on pensions. CDC pensions in particular. Read More...

Workers planning to save more – are you?

Updated: 29th May 2014 - First Published: 28th May 2014 Saving for retirement should be a top priority for workers of all ages, and it looks like the recent Budget announcement has highlighted its importance. Read More...

Pensions: Learn from others’ mistakes

Updated: 23rd May 2014 - First Published: 23rd May 2014 Everyone can learn something from listening to their elders, and when it comes to pension savings it’s no different. Read More...

Are you realistic about your pension savings?

Updated: 20th May 2014 - First Published: 20th May 2014 It’s good to approach life with an optimistic outlook, but when this positive view is applied to people’s pension savings it could mean that people are over estimating what they will have at retirement. Read More...

Would you be happy to retire on £15,000?

Updated: 24th April 2017 - First Published: 19th May 2014 How much do you think you will need in retirement? What lifestyle choices would you like to make? Well, a new report has found that it is necessary to have a minimum of £15,000 a year to enjoy a comfortable retirement. Read More...

Pensions: What will you do with your pot?

Updated: 14th May 2014 - First Published: 14th May 2014 Everyone would like to get their hands on a stash of cash – and in the new pension proposals set out in this year’s Budget, it seems that is just what pensioners are going to be able to do. Read More...

Do you know the size of your pension pot?

Updated: 04th August 2017 - First Published: 09th May 2014 Being able to enjoy a comfortable retirement all comes down to preparation, and to really plan effectively you need to stay up to date with the value of your pension pot. However, research has revealed that not everyone is up to speed... Read More...

Would you like to draw your state pension early?

Updated: 04th July 2017 - First Published: 02nd May 2014 Every payslip you receive, a proportion is taken off for National Insurance, with part of that going towards your state pension, but when do you get to see the rewards of that money? Read More...

The value of face-to-face advice

Updated: 17th April 2014 - First Published: 17th April 2014 In an increasingly digital world, dealing with someone face-to-face appears to be becoming a thing of the past, but it seems that those facing retirement still value the human approach when it comes to customer service. Read More...

Pre-retirees confident over pension reforms

Updated: 16th April 2014 - First Published: 16th April 2014 The pension reforms announced in last month’s Budget have been largely welcomed by consumers, with 62% of those surveyed thinking that giving people more choice and flexibility over their retirement income is a good idea. Read More...

Are Zombies eating away at your pension?

Updated: 10th April 2014 - First Published: 10th April 2014 Many people could have a pension that they have long forgotten about with a few pennies, or perhaps pounds in – not really a big deal – but what about if a vast part of your pension was tied up in a so-called Zombie account? Read More...

1 in 7 facing retirement without a pension

Updated: 09th April 2014 - First Published: 09th April 2014 Many of us look forward to the day we can hang up our work clothes and bask in the glow of a comfortable retirement, but this dream is becoming increasingly out of reach as a lack of income puts extra strain on retirees’ finances. Read More...

Will you be topping up your state pension?

Updated: 03rd April 2014 - First Published: 03rd April 2014 The state pension is something that a lot of retirees depend upon. The news that the state pension can be increased by up to £25 per week will therefore be welcomed, but will you be topping up? Read More...

Pension reforms- with freedom comes responsibility

Updated: 21st March 2014 - First Published: 21st March 2014 Revelations in this year’s budget will probably have delighted both pensioners and savers, but before you get too carried away with your new found financial freedom, take a minute to consider all your options. Read More...

Exciting shake-up for pensioners in budget

Updated: 20th March 2014 - First Published: 20th March 2014 In a big shake-up of the retirement system, pensioners will no longer be forced to purchase an annuity and will have much more freedom on how they access their pension pots. Read More...

Six ways to boost your pension

Updated: 13th March 2014 - First Published: 13th March 2014 Many people may dream of living out their golden years sipping champagne on a Caribbean cruise, but the reality for many is that just having enough money for a relatively comfortable lifestyle could be a challenge. Read More...

Auto-enrolment: Minimum may not be enough

Updated: 24th July 2017 - First Published: 14th February 2014 There is a fear that people are going to be disappointed with the amount of pension they receive as, despite auto-enrolment being well underway, not enough is being paid in. Read More...

Would lost contribution statements get you saving?

Updated: 30th January 2014 - First Published: 30th January 2014 Employees who decide to opt-out of their workplace pension should be given regular statements showing their lost contributions, a leading think tank has recommended, in an attempt to encourage them to opt back in. Read More...

Retirement saving high priority

Updated: 29th January 2014 - First Published: 29th January 2014 Saving for retirement is increasingly on consumers’ minds, with automatic enrolment being quietly welcomed, according to research from the National Employment Savings Trust (Nest). Read More...

Pensions system could be going Dutch

Updated: 27th January 2014 - First Published: 27th January 2014 Another pensions reform set to be considered, and perhaps the more radical of the bunch, the Government has announced plans for new measures that will see collective defined contribution schemes available – much like they are in the Netherlands. Read More...

State pension top-up plans to be unveiled

Updated: 27th January 2014 - First Published: 27th January 2014 A top-up scheme that will give retirees the chance to boost their income has been on the cards for several months now, but the finalised plans are due to be unveiled later today. Read More...

Delay to pension charge cap confirmed

Updated: 24th January 2014 - First Published: 24th January 2014 Yesterday pensions minister Steve Webb confirmed that the cap on pension charges would be delayed for at least a year, saying it was only right that the Government give employers at least 12 months’ notice of any change. Read More...

Pensions “time bomb” warned

Updated: 05th December 2017 - First Published: 22nd January 2014 A leading think tank has urged the Government to enforce pension saving or risk millions of people suffering poverty in retirement, with the Policy Exchange warning that a pensions time bomb could be on the way. Read More...

State pension plans “irresponsible”

Updated: 08th January 2014 - First Published: 08th January 2014 Government plans to increase spending on the state pension have been branded as “unaffordable and irresponsible” by a leading think tank. Read More...

Retirees offered chance to top up state pension

Updated: 30th December 2013 - First Published: 30th December 2013 In the Autumn Statement, plans were revealed for a scheme which would allow existing pensioners and those retiring before April 2016 to enhance the pension they receive from the state. Read More...

Savers fail to keep track of pensions

Updated: 23rd December 2013 - First Published: 23rd December 2013 Research by Standard Life has revealed the worrying number of working-age adults who are unaware of the value of their pension pots, while some don’t even know how many pots they have. Read More...

Savers urged to keep track of pensions

Updated: 30th June 2017 - First Published: 05th December 2013 The days of staying in one job for life are long gone, and that means people will often have several pension pots to their name. In fact, a survey found that 25% of workers have four or more pensions, but a third didn’t know where they all were. Read More...

Over 50s disillusioned with retirement savings

Updated: 02nd December 2013 - First Published: 02nd December 2013 Research from Age UK has revealed the worrying trend of over-50s shunning retirement saving, despite the prospect of many being left with a meagre pension income in just a few years’ time. Read More...

What are the proposed changes to UK pensions?

Updated: 10th May 2017 - First Published: 08th November 2013 Yesterday the Government outlined its proposals to reshape the UK’s workplace pensions system, with these changes being intended to improve security for individuals whilst ensuring employers are able to continue offering the best workplace pensions. Read More...

Govt urged to end pension liberation

Updated: 07th November 2013 - First Published: 07th November 2013 Aviva is calling on the Government and industry to act now to stop the spiralling number of people being persuaded by fraudsters to access their retirement savings early – at huge financial cost. Read More...

Govt proposes cap on pension scheme charges

Updated: 31st October 2013 - First Published: 31st October 2013 The Government is proposing new reforms that could see pension schemes face a cap on how much they can charge their members. Read More...

Savers unlikely to get a decent retirement income

Updated: 22nd October 2013 - First Published: 22nd October 2013 Average earners have less than a 50/50 chance of achieving a decent retirement income under automatic enrolment, the Pensions Policy Institute (PPI) has warned. Read More...

Warning for savers to check their pension funds

Updated: 21st October 2013 - First Published: 21st October 2013 Those paying into a pension fund need to check the performance of their investments as a large number of them consistently underachieve, a leading broker has warned. Read More...

UK pensions system “not fit for purpose”

Updated: 14th October 2013 - First Published: 14th October 2013 A stark warning has been given by a leading UK pensions expert – the current pensions system is not fit for purpose, meaning consumers face significant risk of a shortfall. Read More...

Only 8% opt out of a workplace pension

Updated: 25th September 2013 - First Published: 25th September 2013 New research reveals that the Government’s latest initiative to get people saving towards retirement has so far exceeded the pension industry’s expectations. Read More...

OFT calls for pensions crackdown

Updated: 19th September 2013 - First Published: 19th September 2013 An Office of Fair Trading (OFT) investigation into workplace pensions has found widespread evidence of schemes offering poor value for money to millions of savers, leading the regulator to call for a crackdown on the industry. Read More...

Over 1 million employees auto-enrolled

Updated: 16th September 2013 - First Published: 16th September 2013 The latest figures from the Department for Work & Pensions reveal that more than one million employees have been automatically enrolled into a workplace pension since the initiative was launched in October last year. Read More...

More employees aware of Govt pension scheme

Updated: 09th September 2013 - First Published: 09th September 2013 Employee awareness of the auto-enrolment workplace pension scheme has risen significantly over the last year. Read More...

90% remain in workplace pension

Updated: 08th August 2013 - First Published: 08th August 2013 The Government’s auto-enrolment pension initiative has been hailed a “success”, with early research showing fewer than 10% of UK workers have opted out of the scheme. Read More...

Royal London to venture into direct market

Updated: 12th December 2017 - First Published: 17th June 2013 The life and pension provider, Royal London, has announced it will be branching out into the direct product market with effect from next year. Read More...

Acquisition plans approved by Royal London members

Updated: 05th June 2013 - First Published: 04th June 2013 Members of the Royal London Group have approved a proposed £219 million deal to purchase the Co-operative Banking Group’s fund management and life insurance divisions. Read More...

Awareness of tax benefits grows

Updated: 27th November 2017 - First Published: 10th May 2013 More people in the UK are tuning into the tax benefits of saving into a pension, according to a study by Standard Life. Read More...

Consumer confidence in pensions wanes

Updated: 22nd March 2013 - First Published: 22nd March 2013 Over a third of people in the UK have less confidence in their pension today as a result of changes within the sector last year, according to a survey by Friends Life. Read More...

Female pension age on the rise

Updated: 14th March 2013 - First Published: 14th March 2013 Research by the Institute for Fiscal Studies (IFS) has predicted that the age at which women can claim a state pension may increase to 66 by 2020. Read More...

Safeguard your future to avoid financial risks

Updated: 19th October 2012 - First Published: 19th October 2012 Recent reports of falling annuity rates and the rising cost of living may not have inspired many people, particularly self-employed workers, to focus on saving for their retirement. Read More...

Government’s pension reform attacked

Updated: 16th October 2012 - First Published: 16th October 2012 Critics have attacked the Government’s plans to make it easier for employees to transfer pensions from one employer to another when they change jobs. Read More...

SIPP disclosure rules expected to be delayed

Updated: 10th October 2012 - First Published: 10th October 2012 Plans to change disclosure requirements for self-invested personal pensions (Sipps) products are expected to be postponed by the Financial Services Authority (FSA) after concerns were raised regarding the proposed deadline. Read More...

Maximum auto-enrolment contribution “not enough”

Updated: 23rd June 2017 - First Published: 04th October 2012 The maximum required contribution under the automatic enrolment scheme is not sufficient to guarantee financial security in retirement, according to the chief executive of the deVere Group. Read More...

Self-employed unable to afford pensions

Updated: 05th October 2012 - First Published: 01st October 2012 Nearly half of self-employed workers have admitted to having no pension savings, leaving themselves dependent on the State Pension when they retire. Read More...

Millions to be signed up for automatic enrolment

Updated: 01st October 2012 - First Published: 01st October 2012 Employers across the UK will have a legal duty to enrol their workers into a workplace pension scheme and make contributions, as the biggest change to the pensions system takes place today. Read More...

Pension for property scheme revealed

Updated: 05th October 2012 - First Published: 24th September 2012 The deputy Prime Minister Nick Clegg has claimed parents should use pension funds to help their children purchase their first home. Read More...

Help your child in retirement

Updated: 14th July 2017 - First Published: 03rd September 2012 New research has revealed the significance of helping your child or grandchild save for a pension from birth. Read More...

High rate taxpayers avoiding pension schemes

Updated: 05th October 2012 - First Published: 16th August 2012 Thousands of higher rate taxpayers are turning down free money by not contributing to a pension scheme. Read More...

Women lack confidence with pension plans

Updated: 05th October 2012 - First Published: 06th July 2012 Women are still behind men when it comes to planning for their future retirement, with many relying on their partners' pension pots. Read More...

Low confidence over pensions

Updated: 05th October 2012 - First Published: 20th June 2012 With only months before workplace pension changes begin, many people don't feel confident about saving for retirement. Read More...

Final salary pension deficits hit new high

Updated: 05th October 2012 - First Published: 12th June 2012 The deficit of the UK’s final salary pension scheme has hit a new high, according to the Pension Protection Fund (PPF). Read More...

Single-tier state pension moves closer

Updated: 05th October 2012 - First Published: 10th May 2012 A single-tier state pension should soon become reality, after the Government reiterated its desire to introduce the measure in today’s Queen’s Speech. Read More...

State Pension increases to £124 a week

Updated: 30th May 2017 - First Published: 10th April 2012 The State Pension is to increase this week, with pensioners picking up £124 each week in retirement. Read More...

One in six to retire without a pension

Updated: 05th October 2012 - First Published: 04th April 2012 Millions of Britons could be heading for a retirement shortfall as they are planning on relying solely on their State Pensions. Read More...

MPs: ‘Lift auto-enrolment restrictions’

Updated: 15th March 2012 - First Published: 15th March 2012 An influential group of MPs has called for ‘key restrictions’ to be lifted from the auto-enrolment workplace pension scheme. Read More...

Reliance on state pensions still hugely common

Updated: 17th December 2012 - First Published: 14th March 2012 Despite the continuing problems with retirement savings, the majority of Britons are still relying on their state pension. Read More...

ISA funding storms past pensions

Updated: 05th October 2012 - First Published: 01st March 2012 For the first time since 2001/2, Britons saved more into stocks and shares ISAs than personal pensions last tax year, new figures have revealed. Read More...

Britons ready for ‘pensions through ATMs’

Updated: 05th October 2012 - First Published: 20th February 2012 Millions of Britons want to be able to pay into their pensions in the same way they withdraw money from ‘holes in the wall’. Read More...

Pension problems see retirement age climb higher

Updated: 05th October 2012 - First Published: 17th February 2012 People are working later into life with more men now not retiring until they have almost reached the state pension age of 65, official data has revealed. Read More...

‘Retirement reality’ hits home as 10% delay plans

Updated: 15th February 2012 - First Published: 15th February 2012 A new ‘retirement reality’ is said to have hit many potential retirees after research revealed one in ten people who had planned to give up work in 2012 will put off drawing their pension for the time being. Read More...

Freeze auto-enrolment thresholds, Government urged

Updated: 08th February 2012 - First Published: 08th February 2012 The Government has been urged not to increase the threshold at which workers are to be automatically enrolled onto company pension schemes. Read More...

Younger workers could ‘opt out’ in droves

Updated: 07th February 2012 - First Published: 07th February 2012 Younger workers could ‘opt-out’ of auto-enrolment in their droves, new figures have revealed. Read More...

Employees eyeing auto-enrolment contributions

Updated: 26th January 2012 - First Published: 26th January 2012 The beginning of auto-enrolment pensions schemes can’t come soon enough for many people, with contributions for employers the biggest pull for many Read More...

Chance for pension investors to boost their funds

Updated: 05th October 2012 - First Published: 28th November 2011 A new interpretation of pension rules means investors have been given a golden opportunity to significantly increase their pension funds. Read More...

Auto-enrolment delay confirmed for small firms

Updated: 28th November 2011 - First Published: 28th November 2011 The Department for Work and Pensions has confirmed that small firms are to be given another year to prepare for auto-enrolment pensions. Read More...

Pension numbers fall again

Updated: 22nd November 2011 - First Published: 27th October 2011 The number of people actively paying into a work pension has fallen again, and is at its lowest level for decades. Read More...

Millions to give auto-enrolment the red card

Updated: 22nd November 2011 - First Published: 20th October 2011 There are fears that millions of people could turn their backs on the Government’s landmark plans to automatically enrol workers onto pensions. Read More...

State pension age rise to 66 delayed

Updated: 02nd June 2017 - First Published: 17th October 2011 The Government has confirmed that plans to increase the state pension age for women to 66 have been put back by six months. Read More...

Women win reprieve as state pension rise delayed

Updated: 09th November 2017 - First Published: 14th October 2011 The Government has decided to delay raising the state pension age to 66 by six months after backtracking on original plans that would have seen thousands of women have to wait an extra two years for their pension. Read More...

Workers passing up ‘free money’

Updated: 22nd November 2011 - First Published: 05th October 2011 Millions of workers are passing up ‘free money’ by shunning company pension schemes. Read More...

Pensions put on ice as finances are squeezed

Updated: 22nd November 2011 - First Published: 28th September 2011 A large minority of people who have yet to retire have stopped paying into their pension pots, new figures have revealed. Read More...

Retirees warned over downsizing disappointment

Updated: 22nd November 2011 - First Published: 26th September 2011 Millions of homeowners looking to downsize their property in the coming years to help fund their retirement have been warned they are likely to have overestimated how much they stand to gain. Read More...

Britons saving £137 a month into pensions

Updated: 22nd November 2011 - First Published: 20th September 2011 Britons are squirreling away an average of £137 a month into their pension pots, although habits differ across the nation. Read More...

Public still in denial over cost of long-term care

Updated: 22nd November 2011 - First Published: 16th September 2011 The public continues to remain unaware of the real cost of long-term care and the necessity to make personal provision to meet the cost, it has been warned. Read More...

Workers with no pension miss out on £15K

Updated: 22nd November 2011 - First Published: 15th September 2011 Workers who refuse to pay into a pension are missing out on £15,000 in pension tax relief, new research has revealed. Read More...

Strike ballots called over public sector pensions

Updated: 05th October 2012 - First Published: 14th September 2011 Public sector workers are to be balloted about whether to go on strike over proposed reforms to their pensions. Read More...

Employers poised to help raise pension awareness

Updated: 12th September 2011 - First Published: 12th September 2011 Employers have been told they have a critical role to play in making sure employees are saving enough for their retirement. Read More...

State pension age could rise earlier

Updated: 22nd November 2011 - First Published: 12th September 2011 The Government is considering bringing forward the date that the state pension age will rise to 67, it has been revealed. Read More...

Low earners to escape public sector pension rise

Updated: 22nd November 2011 - First Published: 19th July 2011 The Treasury has confirmed low earning public sector workers will not suffer a rise in their pension contributions. Read More...

Public sector pension liabilities top £1 trillion

Updated: 24th August 2011 - First Published: 14th July 2011 The shortfall in public pension funding has been laid bare by new figures which show that Government liabilities currently top more than £1 trillion. Read More...

State pension chaos puts off young pension savers

Updated: 22nd November 2011 - First Published: 27th June 2011 Making the state pension simpler could spur millions of younger people to save more towards their retirement, new research has revealed. Read More...

Confusion reigns over auto-enrolment

Updated: 07th December 2016 - First Published: 24th June 2011 Some of the UK’s largest companies could find themselves having to shell out millions in unexpected costs when auto-enrolment begins in less than 18 months. Read More...

Public sector retirement age to rise to 66

Updated: 28th November 2017 - First Published: 17th June 2011 The Government has confirmed it intends to go ahead with plans to match the pension age for public servants to the state pension age, which is set to increase to 66. Read More...

Retirees urged to use tax-free lump sum wisely

Updated: 16th June 2011 - First Published: 15th June 2011 Retirees who take tax-free lump sums from their pension funds have been urged to think carefully about what they do with the money. Read More...

Consumers warned over pension unlocking schemes

Updated: 13th June 2011 - First Published: 13th June 2011 Consumers considering taking money from their pension by unlocking some of their retirement pot early have been urged to treat any schemes that offer the chance to do so with extreme caution. Read More...

Triple threat to pension contribution cutters

Updated: 06th February 2012 - First Published: 13th June 2011 Pension savers who are cutting contributions to their pension funds face a three pronged threat to their retirement plans, it has been warned. Read More...

Ostrich generation hide from pension reality

Updated: 26th May 2011 - First Published: 26th May 2011 Britons stand accused of having their heads in the sand over retirement planning. Read More...

Millions gamble on their retirement

Updated: 25th May 2011 - First Published: 25th May 2011 Millions of people are banking on a lottery win to pay for their retirement, a disturbing new survey has revealed. Read More...

Mind the retirement gap

Updated: 11th May 2011 - First Published: 11th May 2011 As well as a huge pensions shortfall, there is also a knowledge gap amongst consumers when it comes to preparing for their retirement. Read More...

Would you enter the retirement saving lottery?

Updated: 09th May 2011 - First Published: 09th May 2011 A leading pension expert has suggested introducing lottery prizes as a way of incentivising people to save for their retirement. Read More...

Pension reforms ‘must be bolder’

Updated: 10th May 2011 - First Published: 03rd May 2011 The Government’s new auto-enrolment pension scheme has been criticised for not being bold enough. Ho will you be affected by the new workplace pension reforms? Read More...

Pensioners told not to let benefits go begging

Updated: 26th April 2011 - First Published: 26th April 2011 Pensioners are missing out on hundreds of pounds a year by not claiming the benefits that they are entitled to. Read More...

Early access to pensions off the agenda

Updated: 19th April 2011 - First Published: 19th April 2011 Pension savers will not be allowed to access their pensions early after the Government said there was limited evidence the move would increase contribution levels. Read More...

Workers face pension delay frustration

Updated: 13th April 2011 - First Published: 13th April 2011 Millions of workers are being forced to put their retirement plans on hold as their pension funds are not large enough to support them, a new report has revealed. Read More...

UK savers facing pension shortfall

Updated: 03rd July 2017 - First Published: 07th April 2011 UK savers could face a shortfall in their pension funds unless they are able to work into their 70s. Read More...

New state pension plans unveiled

Updated: 05th April 2011 - First Published: 05th April 2011 New plans to pay a flat rate state pension of around £140 a week have been published by the Government. Read More...

A third of people heading for pension poverty

Updated: 13th May 2011 - First Published: 30th March 2011 A third of people planning to retire in the UK this year will do so with incomes below the poverty line. Read More...

Windfall for Equitable Life policyholders

Updated: 28th March 2011 - First Published: 28th March 2011 Around 400,000 existing Equitable Life policyholders are to receive a boost to their future pension earnings. Read More...

Career average pensions proposed for public sector

Updated: 13th November 2017 - First Published: 10th March 2011 Final salary public service pensions could be replaced by new schemes where pension entitlement is based on career average earnings if new proposals get the go ahead of the Government. Read More...

Two-thirds of pensioners to work beyond retirement

Updated: 17th February 2011 - First Published: 17th February 2011 Increasing numbers of elderly workers face having to change their retirement plans and work later into life, a new report has revealed. Read More...

Retirement funding gap takes hold

Updated: 19th January 2011 - First Published: 19th January 2011 Many retirees are finding a funding gap as a result of under-estimating how much money they would need after finishing work. Read More...

Retirement decision put in the hands of the people

Updated: 13th January 2011 - First Published: 13th January 2011 The Government has confirmed that it will be scrapping the default retirement age (DRA) from April 2011. Read More...

Majority of smaller firms don’t offer a pension

Updated: 04th January 2011 - First Published: 04th January 2011 The UK’s pension problems continue to mount, as two thirds of smaller companies do not offer a scheme, and contributions remain too low. Read More...

Britons clammer to take pension income early

Updated: 31st December 2010 - First Published: 31st December 2010 Britons are keen to adopt an attitude of ‘sooner rather than later’ when it comes to taking part of their pension savings as an income. Read More...

Over 55s concerned about rising living costs

Updated: 08th December 2010 - First Published: 08th December 2010 Over 55s are increasingly worried about the rising costs of living, with many making changes to their spending habits as a result. Read More...

Millions to work past retirement age

Updated: 17th November 2010 - First Published: 16th November 2010 Millions of people aged over 50 fully expect to work past their retirement age, new figures have revealed. Read More...

Pension woes continue

Updated: 29th October 2010 - First Published: 29th October 2010 The level of the UK’s pension woes continues to deepen, new figures suggest, with the start of the roll out of the NEST pension scheme in 2012 not coming a minute too soon. Read More...

All businesses to offer pensions

Updated: 27th October 2010 - First Published: 27th October 2010 The prospect of workplace pensions for all has moved a step closer after the Government accepted a new set of recommendations. Read More...

Universal pension dubbed ‘key piece of jigsaw’

Updated: 04th April 2011 - First Published: 25th October 2010 The news that the Government is to look at how it can improve the basic state pension has been welcomed as the key piece of the jigsaw of pension reform. Read More...

Have you got a fortune in a forgotten pension?

Updated: 21st October 2010 - First Published: 21st October 2010 People who think they might have forgotten workplace pension schemes from previous jobs have been urged to track them down to ensure they receive all of their entitlements in retirement. Read More...

Spending Review: Auto-enrolment gets green light

Updated: 21st October 2010 - First Published: 21st October 2010 A scheme which will see employees automatically enrolled into a workplace pension has been given the green light in the spending review. Read More...

Spending Review: pension age to rise to 66 by 2020

Updated: 06th February 2012 - First Published: 20th October 2010 George Osborne has revealed the outcome of the Government’s comprehensive spending review and outlined the measures that he believes will help Britain to ‘step back from the brink’. Read More...

Women told to act now or face pension poverty

Updated: 20th October 2010 - First Published: 20th October 2010 Women have been urged to change their attitude towards pension saving or risk a retirement in poverty. Read More...

Pension savers faced with new rules

Updated: 13th May 2011 - First Published: 14th October 2010 Pension savers have a whole raft of new rules to get their heads around after the Treasury revealed the pension reforms which it hopes will save £4 billion a year in its efforts to reduce the budget deficit. Read More...

Inflation switch hits pension rises

Updated: 12th October 2010 - First Published: 12th October 2010 Pension increases next year will be almost a third lower than they would have been if the Government had not decided to switch its benchmark from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI). Read More...

Retirement the main reason for seeking advice

Updated: 08th October 2010 - First Published: 08th October 2010 Planning for retirement is still the main reason that people seek financial advice, according to new figures. Read More...

Public sector faces higher pension contributions

Updated: 03rd July 2017 - First Published: 07th October 2010 Workers in public sector pension schemes are likely to be asked to make higher contributions to their retirement funds in the future. Read More...

Pension contributions could preserve Child Benefit

Updated: 05th July 2017 - First Published: 07th October 2010 The decision to cut child benefit to higher rate tax payers could create a strong incentive for people to increase their pension contributions. Read More...

Mind the gap – pension shortfalls on the rise

Updated: 04th April 2011 - First Published: 29th September 2010 The poorest people in society face a pensions shortfall of £7,500 a year, according to new figures. Read More...

Future retirees heading for a frugal retirement

Updated: 23rd September 2010 - First Published: 23rd September 2010 Our dreams of a comfortable retirement could remain just that after it was revealed that people are not doing enough to prepare financially for their life after work. Read More...

Time ticking for UK’s pension savers

Updated: 22nd September 2010 - First Published: 22nd September 2010 The vital importance of starting to save for your retirement at an early age has been highlighted by worrying figures. Read More...

Women warned not to ignore pension peril

Updated: 14th September 2010 - First Published: 14th September 2010 The message that people need to start saving for retirement as soon as possible is being ignored by around half of women in Great Britain, new research has revealed. Read More...

UK headed for retirement funding shortfall

Updated: 08th September 2010 - First Published: 08th September 2010 The people of the UK are heading for a shortfall in their retirement funding, new research has found. Read More...

Almost half of Britons neglect pension review

Updated: 01st September 2010 - First Published: 01st September 2010 Almost half of working Britons have never reviewed their pension plans, new figures have revealed. Read More...

Pension problems mount as annuity rates fall again

Updated: 06th February 2012 - First Published: 26th August 2010 Pension savers approaching retirement face further disappointment after it was revealed annuity rates fell again last month. Read More...

One in ten to work non-stop till they drop

Updated: 26th August 2010 - First Published: 25th August 2010 One in ten people expect to have to work till they drop, according to new research which reveals the retirement nightmare facing many workers. Read More...

Possible benefit cuts are slammed

Updated: 19th August 2010 - First Published: 19th August 2010 The possibility of the Government cutting certain benefits for middle-class pensioners has been slammed. Read More...

Time ticking for Britons to make retirement plans

Updated: 18th August 2010 - First Published: 18th August 2010 Britons are sleepwalking into a world of retirement problems because of the effects of the recession. Read More...

Pension pots continue to dwindle

Updated: 16th August 2010 - First Published: 16th August 2010 Despite the predictions of growth for the UK economy, the value of the nation’s pension pots has continued to fall over the last month. Read More...

Government pension plans ‘too hasty’

Updated: 06th August 2010 - First Published: 06th August 2010 Government plans to increase the state pension age for men to 66 by 2016 have been labelled ‘too hasty.’ Read More...

Britons vastly underestimate necessary pension pot

Updated: 06th August 2010 - First Published: 06th August 2010 Britons are grossly underestimating how much they need to put into a pension for a comfortable retirement. Read More...

Make your baby a millionaire

Updated: 27th November 2017 - First Published: 30th July 2010 With the child trust fund soon to be scrapped, parents will be looking around for alternative ways to help their offspring become child savers. Read More...

Time ticking on default retirement age

Updated: 29th July 2010 - First Published: 29th July 2010 The default retirement age (DRA) is to be consigned to the history books by October 2011 under new Government proposals. Read More...

Pension savings taking a back seat

Updated: 15th July 2010 - First Published: 15th July 2010 The over-50s have been forced to reduce their retirement savings by almost £18bn over the last year, despite growing concerns over their retirement prospects. Read More...

Commission recommends public sector pension reform

Updated: 17th December 2012 - First Published: 07th July 2010 Public sector pension schemes are in need of significant reform and cost far more than originally thought, an independent commission has said. Read More...

Lack of savings to scupper grand retirement plans

Updated: 02nd July 2010 - First Published: 02nd July 2010 Babyboomers appear to have grand retirement plans, but the reality of their financial situations means they could be in for a rude awakening. Read More...

All change for pensioners

Updated: 24th June 2010 - First Published: 24th June 2010 While the coalition Government’s first Budget is likely to have an impact on all our lives, and probably not in a positive way, it was noticeable that one group of people in particular seemed to have been singled out for special attention. Read More...

Economic climate shelves retirement plans

Updated: 16th June 2010 - First Published: 16th June 2010 The unquestionably tough economic environment is forcing people to put the kybosh on their retirement plans. Read More...

Britons show pensions indifference

Updated: 15th June 2010 - First Published: 15th June 2010 We are long been warned that saving for our retirement is critical, but it appears many Britons are less than bothered about their pension provision. Read More...

The perils of ignoring annuity options

Updated: 11th June 2010 - First Published: 11th June 2010 Retirees have been told they must spread their net far and wide in the search for the best annuity rates. Read More...

Britons willing to work years past retirement

Updated: 04th August 2017 - First Published: 11th May 2010 Many Britons set to retire this year would be happy to work for many years to come in order to guarantee a higher level of income when they do eventually finish working. Read More...

Retirement savers missing out on tax relief

Updated: 04th May 2010 - First Published: 04th May 2010 Britons saving for retirement will miss out to the tune of almost three quarters of a billion pounds in tax relief this year by not making additional pension contributions. Read More...

Half a million pounds: the cost of retirement

Updated: 19th June 2017 - First Published: 27th April 2010 The average UK household will require more than half a million pounds to cover its retirement, a new survey has revealed. Read More...

Retirement plans dented by downturn

Updated: 21st April 2010 - First Published: 21st April 2010 A third of workers believe the recent downturn has adversely affected their retirement plans in some way, with many more unsure how the recession will impact their post-work years Read More...

Pension savers told to consider ISAs

Updated: 13th April 2010 - First Published: 13th April 2010 People thinking of putting money away for their retirement have been told to remember to use their ISA allowance as a way of saving for life after work. Read More...

Wealth equals health for retirees

Updated: 13th April 2010 - First Published: 13th April 2010 People have been told to save more for their retirement, after it was suggested a retirees’ health could be linked to their wealth. Read More...

Babyboomers reliant on property for retirement

Updated: 09th April 2010 - First Published: 09th April 2010 Thousands of the UK’s babyboomers are over reliant on property to fund their retirement, while many are looking to retire overseas. Read More...

Savers told to plan early for retirement

Updated: 23rd March 2010 - First Published: 23rd March 2010 People have been told to save as much as they can for their retirement now, after it was revealed nearly three million UK adults had put their plans to give up work on hold. Read More...

Babyboomers head towards retirement troubles

Updated: 19th March 2010 - First Published: 19th March 2010 Confusion amongst the babyboomer generation about their finances is rife, suggesting advice is badly needed if people are to effectively prepare for retirement. Read More...

Retirement planning tops consumer concerns

Updated: 18th March 2010 - First Published: 18th March 2010 Retirement planning continues to be the main reason consumers seek professional financial advice, new figures show. Read More...

Options initiative shows progress

Updated: 18th March 2010 - First Published: 17th March 2010 Customers are benefiting from quicker processing times for pensions and annuity changes as a result of the Options transfer initiative, the Association of British Insurers (ABI) has said. Read More...

Auto enrolment pension charges unveiled

Updated: 16th March 2010 - First Published: 16th March 2010 The Government has set out the expected charges for National Employment Savings Trust (NEST) which will give millions the chance to save for retirement. Read More...

Retirees favour wealth over health

Updated: 12th March 2010 - First Published: 12th March 2010 Employees have been urged to put more into their pension, after almost three quarters of workers said being financially secure would make them happy in retirement... Read More...

Confidence crisis hits pension savers

Updated: 10th March 2010 - First Published: 10th March 2010 Only a third of workers believe their pension will give them enough money to fund a comfortable retirement, new research has revealed. Read More...

Poor start to 2010 for pension funds

Updated: 19th February 2010 - First Published: 19th February 2010 After a stellar year of stock market growth in 2009, pension funds have endured a tough start to the new year... Read More...

Contribution warning for pension savers

Updated: 09th February 2010 - First Published: 09th February 2010 Personal pension savers have been warned they face an uphill battle to fund a comfortable retirement, unless they dramatically increase their contributions... Read More...

Pension pots drop 60 per cent

Updated: 05th February 2010 - First Published: 05th February 2010 Personal pension savers are facing an uphill battle in their quest to fund a comfortable retirement, according to the latest survey by Investment Life & Pensions Moneyfacts... Read More...

Retirement planning proves popular

Updated: 09th February 2010 - First Published: 02nd February 2010 The top reason for seeking independent financial advice during 2009 was retirement planning, new figures show... Read More...

One in five 2010 retirees have no pension fund

Updated: 27th January 2010 - First Published: 27th January 2010 Almost one in five people planning on retiring in 2010 will do so with no personal pension savings, according to research... Read More...

Older Britons may receive employment boost

Updated: 28th January 2010 - First Published: 25th January 2010 Britons keen on working well into their golden years could receive a boost under Government proposals to open up more job opportunities for the older generation. Read More...

Rising markets help retirement prospects

Updated: 21st January 2010 - First Published: 21st January 2010 Surging stock markets mean that many employees may be able to retire on a reasonable income earlier than had been recently feared... Read More...

Fears over rise in retirement age

Updated: 13th January 2010 - First Published: 13th January 2010 Concern has been raised that people are still unaware of the imminent rise in the minimum retirement age... Read More...

Retirement age change mooted

Updated: 22nd January 2010 - First Published: 11th January 2010 The scrapping of the default retirement age has moved a step closer, after Harriet Harman said she wanted to consign to history the attitude that someone is ‘past it’ when they reach 65. Read More...

New name for personal accounts scheme

Updated: 08th January 2010 - First Published: 08th January 2010 The new national workplace pension programme formerly known as the personal accounts scheme will know be known as the National Employment Savings Trust (NEST)... Read More...

Pension funds post 14 per cent return in 2009

Updated: 06th January 2010 - First Published: 06th January 2010 The average UK pension fund achieved a weighted average return of 14 per cent in 2009, almost entirely eradicating the heavy losses that were suffered in 2008... Read More...

ABI: time to improve retirement options

Updated: 04th January 2010 - First Published: 04th January 2010 The Association of British Insurers (ABI) has published a raft of new proposals intended to improve people’s options from their Defined Contribution (DC) pensions... Read More...

Twenty-somethings reveal pension plans

Updated: 16th December 2009 - First Published: 16th December 2009 Signs that a more financially responsible Britain has been created by the recession are appearing after it was revealed that paying off debt had become the biggest priority of the younger generation... Read More...

Pension transfer scheme makes progress

Updated: 04th December 2009 - First Published: 02nd December 2009 The average time it takes to transfer a pension from one provider to another has remained at 11 days, according to the latest data from the Association of British Insurers (ABI). Read More...

Four in ten adults unprepared for retirement

Updated: 27th November 2009 - First Published: 30th November 2009 Pension inertia from the UK public is likely to cause a retirement crisis in the coming years, with almost four in ten people admitting to making no plans for life after work... Read More...

Worry over retirement finances

Updated: 04th January 2010 - First Published: 23rd November 2009 Over a third of UK consumers believe their retirement savings have been partly eroded by the economic downturn, forcing people to look at supplementing their savings. Read More...

Pension saving low in priorities

Updated: 18th December 2009 - First Published: 20th November 2009 The reluctance of Briton’s to take out a personal pension is leaving them at financial risk in later life, a new survey has revealed.... Read More...

Pension saving low in priorities

Updated: 18th December 2009 - First Published: 20th November 2009 The reluctance of Briton’s to take out a personal pension is leaving them at financial risk in later life, a new survey has revealed.... Read More...

Retirees told to shop around for annuities

Updated: 17th November 2009 - First Published: 17th November 2009 Retirees have been told they need to start shopping around for their annuities, in the same way that they shop around in their everyday lives... Read More...

Parents told to start saving

Updated: 13th November 2009 - First Published: 13th November 2009 Parents have been told they should begin saving for the future when starting a family or risk leaving themselves and their children financially unprepared for later in life. Read More...

Workers urged to start pension saving early

Updated: 10th November 2009 - First Published: 10th November 2009 People have been warned they need to start saving for their retirement earlier or face working a lot later into life... Read More...

Savers warned of pensions dark age

Updated: 02nd November 2009 - First Published: 02nd November 2009 UK savers have been warned that pensioner poverty is likely to increase, as figures show that the number of people opting to take up occupational schemes is falling... Read More...

TUC rejects calls to raise pension age to 70

Updated: 20th October 2009 - First Published: 20th October 2009 The Trade Union Congress (TUC) has rejected claims that the state pension age in the UK should be increased to 70 as soon as is ‘reasonably practical’... Read More...

Flexible pensions suggestion for women

Updated: 16th October 2009 - First Published: 16th October 2009 The Government has been urged to introduce better pension incentives to encourage women to save, after it was revealed they still fall far short of men when it comes to retirement planning... Read More...

Employees more confident about pensions

Updated: 15th October 2009 - First Published: 15th October 2009 The faith that employees have in pensions has significantly improved since the turn of the year, new research has revealed... Read More...

Pension gender gap widens

Updated: 14th October 2009 - First Published: 14th October 2009 Pension savings are rising but the gender gap is widening, according to the latest research into how the nation is preparing itself for retirement... Read More...

Tory pension plan endorsed by ABI

Updated: 06th October 2009 - First Published: 06th October 2009 Conservative plans to raise the state retirement age to 66 for men by 2016 has been commended by the Association of British Insurers (ABI)... Read More...

Delaying pension payments a costly business

Updated: 30th September 2009 - First Published: 30th September 2009 Workers who choose not to start building up a pension pot until they reach middle age are risking a significant shortfall when they retire... Read More...

New benchmark for ‘quality’ pensions

Updated: 09th May 2017 - First Published: 22nd September 2009 A scheme designed to help rebuild and promote public confidence in workplace pensions has been unveiled by the National Association of Pension Funds (NAPF)... Read More...

People urged to predict pension now

Updated: 11th September 2009 - First Published: 11th September 2009 People have been urged to calculate how much money they will have to live on in retirement, after new research revealed almost one third of retirees could face financial difficulties when they give up work... Read More...

Warning to save now or retire later

Updated: 08th September 2009 - First Published: 08th September 2009 The importance of pensions saving has been highlighted, after research revealed the real age at which people in the UK will retire without saving for life after work is anywhere between 74 and 86... Read More...

Lack of knowledge costly for pensioners

Updated: 07th September 2009 - First Published: 07th September 2009 Pensioners have been advised to find out how much they are entitled to claim from the state, following news that many are missing out on hundreds of pounds that could help them in retirement... Read More...

Employees want pensions guidance

Updated: 07th September 2009 - First Published: 07th September 2009 Over three quarters of employees would welcome some form of guidance from their workplace on planning for retirement... Read More...

One in five workers increase pension contributions

Updated: 27th August 2009 - First Published: 27th August 2009 Almost 20 per cent of workers have increased the amount they pay into their defined contribution (DC) pension since the last year. Read More...

Not enough done to encourage saving for retirement

Updated: 25th August 2009 - First Published: 25th August 2009 The overwhelming majority of Britons believe the Government is failing in its role to encourage people to save money for retirement, a survey has found. Read More...

Millions of employees showing pensions apathy

Updated: 24th August 2009 - First Published: 24th August 2009 Millions of UK employees pay no attention to how their retirement savings are invested or check the performance of their chosen pension fund, new figures show. Read More...

Pension savers told to start sooner

Updated: 17th August 2009 - First Published: 17th August 2009 More needs to be done to encourage people to save for their retirement, after research revealed too little was being saved and too late. Read More...

Seeing property as pension is risky

Updated: 14th August 2009 - First Published: 14th August 2009 Britons relying on their property to fund their retirements been urged to make separate arrangements and warned their plans are ‘hopelessly optimistic’. Read More...

Many workers unaware of pension age changes

Updated: 12th August 2009 - First Published: 12th August 2009 Employees over 50 planning to retire in the next couple of years could be in for quite a shock, as many are unaware that the minimum retirement age is set to increase from April 2010... Read More...

Employers unclear on personal accounts

Updated: 05th August 2009 - First Published: 05th August 2009 The Government’s plan to introduce personal accounts is unclear and is confusing employers, according to a new report. Read More...

TUC hits out at public sector pension ‘myths’

Updated: 30th July 2009 - First Published: 30th July 2009 Claims made by business groups and politicians that public sector pensions are unaffordable and out of control have been dubbed ‘myths’ and ‘scaremongering’ by the Trade Union Congress (TUC). Read More...

Workers neglecting pensions

Updated: 04th August 2009 - First Published: 29th July 2009 Approximately 16 per cent of workers who have a pension admit to having reduced the amount they contribute to it over the past five years, or have stopped adding to it at all. Read More...

Equity mix still popular for pension investments

Updated: 08th July 2009 - First Published: 08th July 2009 A pension invested partly in the stock market with the remainder in other types of investment is still a popular choice, according to new research. Read More...

Stay in employment until you’re 70 – Lord Turner

Updated: 03rd July 2009 - First Published: 03rd July 2009 The author of the Government’s Pensions Commission in 2005 has said that UK employees should continue working up until the age of 70. Read More...

Pension assets increase for third month running

Updated: 22nd June 2009 - First Published: 22nd June 2009 Britain’s defined contribution (DC) pension assets increasing for the third month in a row, but a concerted period of gains are still needed to being them back to previous levels Read More...

Pension reforms should boost coverage

Updated: 17th June 2009 - First Published: 17th June 2009 The pension reforms that are to be introduced in 2012 are likely to boost their coverage across the UK, although many newly created accounts will be small. Read More...

Pension savers missing out on £720 million

Updated: 15th June 2009 - First Published: 15th June 2009 UK pension savers are losing out on tax relief worth approximately £720 million by neglecting to make additional pension contributions. Read More...

Pension confidence rises

Updated: 12th June 2009 - First Published: 12th June 2009 The UK public’s confidence on pensions seems to be returning but more needs to be done to make workers more aware of the benefits of company schemes. Read More...

Defined contribution pensions perk

Updated: 26th May 2009 - First Published: 26th May 2009 New analysis has shown that the UK’s defined contribution (DC) pensions assets increased for the second consecutive month, having risen 10 per cent to a combined total of £418 billion. Read More...

Annuitants told to reveal their illnesses

Updated: 14th May 2009 - First Published: 14th May 2009 Pensioners are missing out on substantial sums in pension benefits because they do not disclose their health conditions to financial advisers. Read More...

SIPP investors think they can beat professionals

Updated: 06th May 2009 - First Published: 06th May 2009 The vast majority of investors taking control of the funds their retirement funds in self-invested personal pensions (SIPPS) are confident they can outperform fund professionals. Read More...

Britons counting on inheritance

Updated: 05th May 2009 - First Published: 05th May 2009 Britons relying on inheritance to form a large chunk of their retirement pot could be in for an unwelcome surprise. Read More...

Pension confidence returns

Updated: 21st April 2009 - First Published: 21st April 2009 Confidence in pensions is returning but rebuilding that trust must remain a priority for 2009, according to the National Association of Pension Funds (NAPF). Read More...

State pension benefit rises

Updated: 06th April 2009 - First Published: 06th April 2009 The weekly full basic State Pension will rise from £90.70 to £95.25 from today – almost an extra £5 a week. Read More...

Waiting for Personal Accounts could cost thousands

Updated: 25th March 2009 - First Published: 25th March 2009 Britons have been advised to join their company pension scheme now rather than wait for the Government’s Personal Accounts in 2012. Read More...

Baby boomers urged to review pensions

Updated: 16th March 2009 - First Published: 16th March 2009 Almost two thirds of so-called baby boomers have not recently reviewed their retirement plans, despite the significant impact that the financial crisis is likely to have had on their pension pots. Read More...

Retirement expectations ‘more realistic’

Updated: 05th March 2009 - First Published: 04th March 2009 Britons are becoming more realistic in their retirement expectations, preferring to focus on hobbies and time with the family rather than second homes and round-the-world cruises. Read More...

Pensions saving to become popular again

Updated: 25th February 2009 - First Published: 25th February 2009 The sharp fall in property values and reported rise in home repossessions is likely to change the once growing perception of ‘my house is my pension fund’ and drive people back into the pension savings market once the economy starts to rebuild, says a rep Read More...

With Profits Pensions Tumble 38% in Three Years

Updated: 11th May 2017 - First Published: 07th October 2005 The latest survey by Investment, Life & Pensions Moneyfacts has revealed the worrying extent to which falling with profits pension payouts are continuing to scupper many investors dreams of a comfortable retirement. Read More...


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