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Retirement News Stories

Cost of divorce: £3,800 per year in retirement

23rd February 2018 The break-up of a marriage impacts many things, including retirement. Divorcees planning to retire in 2018 are expected to have a yearly income that is £3,800 less than those who’ve never divorced. Read More...

Property remains popular retirement savings tool

07th February 2018 While employer pensions are still considered the safest way to save for retirement, property has been inching closer. A population survey shows that 40% believe their workplace pension is the safest bet, while 30% believe property is. Read More...

Average £33,900 debt among retirees

02nd February 2018 The number of people retiring in debt continues to climb, as one in five people expecting to retire this year owe an average of £33,900. Prudential’s research also reveals that these debts are nearly 40% higher than those of last year’s retirees. Read More...

Record £19,900 retirement income average

16th January 2018 If you’re planning to retire this year, you’re in luck. Research by Prudential has revealed that those retiring this year are expected to live on an average annual income of £19,900 – the highest seen since records started. Read More...

Pre-retirees are gambling on income

16th November 2017 Many people long for the day they can give up work and enjoy retirement, but have you considered how you’ll pay for it? Unless you’ve planned sufficiently, it may be less comfortable than you're hoping, yet many are gambling on their future income. Read More...

Pre-retirees expect to be worse off

13th November 2017 Approaching retirement can be exciting, but without the right pension provision it can be daunting as well. Unfortunately, many pre-retirees are concerned about their finances, believing they’ll never have it as good as those already retired. Read More...

Pension freedom retirees urged to reclaim tax

01st November 2017 Retirees who have been over-taxed after using the pension freedoms to withdraw funds from their pensions have been urged to take the initiative and reclaim the tax back from HMRC. Read More...

Equity release lending at record high

30th October 2017 Equity release is becoming increasingly recognised as a way to boost retirement income, with more and more older homeowners taking the plunge and freeing up some of the cash tied up in their home – so much so that lending has hit another record high. Read More...

It costs £10,830 a year to be a pensioner

20th October 2017 Being a pensioner can cost a lot more than many people think. In fact, even if you’ve paid off your mortgage, the average annual cost can add up to £10,830, or around £210 a week – some 32% more than the full state pension is able to offer. Read More...

Targets & dashboards: reach your retirement goals

12th October 2017 When it comes to pensions, we need to be saving more. Which is why it’s so welcome to hear a renewed focus on encouraging retirement saving, and a call for the Pensions Dashboard to be quickly delivered. But how can it help you reach your goals? Read More...


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