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Retirement News Stories

Pre-retirees are gambling on income

Updated: 16th November 2017 - First Published: 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

Updated: 13th November 2017 - First Published: 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

Updated: 01st November 2017 - First Published: 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

Updated: 30th October 2017 - First Published: 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

Updated: 20th October 2017 - First Published: 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

Updated: 12th October 2017 - First Published: 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...

Equity release competition continues to surge

Updated: 14th September 2017 - First Published: 13th September 2017 It’s little wonder that the equity release market is booming, what with rising house prices allowing older homeowners to benefit from a significant boost in equity. Happily, providers are accommodating this demand, as competition continues to surge. Read More...

Downsizing could free up £112,000 for retirement

Updated: 08th September 2017 - First Published: 08th September 2017 Downsizing to a smaller property is something many people aspire to in later life, and it could have huge financial benefits, with research from Prudential finding a growing willingness to downsize – and a growing cash reward in the process. Read More...

Could robots mean a longer retirement?

Updated: 05th September 2017 - First Published: 05th September 2017 Whether you’re embracing the technological revolution or harbour fears of a robot-led apocalypse, there are certainly some areas where robots could make our lives a lot easier – and some even think it could mean we get to enjoy retirement for longer. Read More...

Drawdown is booming – so perfect your investments

Updated: 31st August 2017 - First Published: 31st August 2017 The pension freedoms have opened up far more options for retirees looking to spend their hard-saved pension pots. Indeed, income drawdown is booming, yet to really make the most of this option, it’s important to have the right investment strategy. Read More...

"Unrealistic" homeowners rush to downsize

Updated: 10th August 2017 - First Published: 10th August 2017 Your home is your biggest asset, so it’s little wonder that so many people want to use that asset to their advantage in later life. Many are opting to do that by downsizing – yet they could be unrealistic in their expectations. Read More...

Economic uncertainty impacts retirement saving

Updated: 09th August 2017 - First Published: 09th August 2017 Saving for retirement can be a challenge, with shorter-term goals often taking priority and a lack of disposable income limiting the amount that can be saved. However, other factors can take their toll, too, with economic uncertainty a key challenge. Read More...

Retirees urged to shop around for drawdown

Updated: 09th August 2017 - First Published: 09th August 2017 Retirees making use of the pension freedoms to access their pension pots have been urged to shop around for their drawdown and annuity plans and seek advice. Read More...

Equity release lending hits another record

Updated: 27th July 2017 - First Published: 27th July 2017 Equity release is growing in popularity as a way to boost retirement income, with many retirees able to benefit from years of house price rises by freeing up some of the cash tied up in their home - and lending has just hit yet another record. Read More...

“Pretirement” is the new norm for many retirees

Updated: 17th July 2017 - First Published: 17th July 2017 The traditional idea of retirement is changing. No longer do people give up work as soon as State Pension age hits, but 51% of those planning to retire this year will consider working past then, with ‘pretirement’ being the new retirement reality. Read More...

How would you spend equity release cash?

Updated: 12th July 2017 - First Published: 12th July 2017 Equity release continues to surge in popularity, with thousands of older homeowners every year capitalising on the opportunity to free up some of the cash held in their home. But just what do they do with all that money? Well, Saga has taken a look. Read More...

Retirement gender gap grows by £1,000

Updated: 29th June 2017 - First Published: 29th June 2017 The gap between the expected annual retirement incomes of men and women has grown by £1,000 in the last year, which means that women would be wise to up their pension saving now to try and shrink the gap before it's too late. Read More...

Those nearing retirement planning to take £26K

Updated: 20th June 2017 - First Published: 20th June 2017 The pension freedoms have opened up a whole raft of options for those nearing retirement to consider. Now, more than half of working age people (54%) are planning to take a tax-free lump sum of around £26,000 when they retire. Read More...

How to make your money go further in retirement

Updated: 05th June 2017 - First Published: 05th June 2017 When you’re retired, money is undoubtedly a key concern – or more specifically, how to make sure you’ve got enough of it. After all, your income could reduce considerably, so how can you make sure your money goes as far as possible in retirement? Read More...

Retirees worried their money won’t last

Updated: 24th May 2017 - First Published: 24th May 2017 Financial concerns can be pressing at any age, but arguably even more so during retirement - money is the biggest concern for 28% of retirees, while 35% are worried their cash will run out, and a quarter don’t think their pension will last. Read More...

Retirement incomes hit 33-month high

Updated: 10th May 2017 - First Published: 10th May 2017 Being comfortable in retirement can all come down to the level of income you have, so it’s good to hear that retirement incomes have just hit a 33-month high, as a record number of people turn to personal pensions and contributions continue to rise. Read More...

Equity release pays out £7m per day

Updated: 10th May 2017 - First Published: 10th May 2017 Equity release continues to perform strongly, and new figures show just how much those people are benefiting, with an estimated £7 million in property wealth being paid out every single day. Read More...

Escape pensioner poverty – can you claim benefits?

Updated: 26th April 2017 - First Published: 26th April 2017 Pensioner poverty is an ongoing concern, and it appears that things aren’t improving, with Age UK highlighting that millions are struggling financially in retirement – which is why they’re urging people to check if they’re eligible for benefits. Read More...

Equity release sees record year of growth

Updated: 24th April 2017 - First Published: 24th April 2017 Equity release is becoming increasingly popular as a way to boost retirement income, and the sector is booming – not only did 2016 hit record levels of lending , but 2017 could follow suit, with annual growth in the sector hitting an all-time high. Read More...

Equity release competition drives rates to new low

Updated: 18th April 2017 - First Published: 18th April 2017 The equity release market is continuing to evolve, and thanks to rising competition, now could be a great time to get on board, with equity release rates falling to record lows and the highest number of lifetime mortgages available in years. Read More...

47% of Gen-Xers look to property for pensions

Updated: 12th April 2017 - First Published: 12th April 2017 Nearly half (47%) of 35-54-year-olds (Generation X) are planning to use property to help finance their retirement – including people who have yet to take their first step on the housing ladder. Are you counting on your home to see you through? Read More...

Moneyfacts Equity Release Star Ratings announced

Updated: 05th April 2017 - First Published: 05th April 2017 The equity release market is booming, but if you’re thinking of taking the plunge, it isn’t always easy to know where to start. We’re here to help! We’ve completed our assessment of the equity release market and awarded our Star Ratings accordingly. Read More...

Cash ISA vs stocks – which is best for retirement?

Updated: 16th March 2017 - First Published: 16th March 2017 How are you planning on funding your retirement? It’s never too early to start planning, yet even those who’ve already started may not be fully considering all their options, as research from MetLife shows. Read More...

Retiring in the city could cost £21,000/year

Updated: 03rd March 2017 - First Published: 03rd March 2017 Most people look forward to the day they can hang up their work clothes and start enjoying retirement, yet worryingly few consider the cost involved. Where you decide to retire can have a significant impact on the amount of money you’ll need, too. Read More...

Considering equity release? Get the right advice

Updated: 27th February 2017 - First Published: 24th February 2017 Equity release has been enjoying a surge in popularity, with the sector breaking new lending records on a regular basis. More and more people are considering it, but how do you know if it’s right for you? It’s all about getting the right advice. Read More...

Brits dream of retiring abroad

Updated: 31st January 2017 - First Published: 31st January 2017 Would you retire abroad? It seems to be a dream of many Brits, with cheaper living expenses and better value properties encouraging many to take the plunge and retire to warmer climates. Read More...

Retirement incomes set to be highest since 2008

Updated: 27th January 2017 - First Published: 27th January 2017 We’d all like to think that we’ll be enjoying a comfortable standard of living in later life, and happily, research from Prudential shows that retirement incomes are on the up! Read More...

Equity release market hits new record

Updated: 12th January 2017 - First Published: 12th January 2017 The equity release market went from strength to strength last year, and now, new figures have confirmed what was already predicted – lending has surged to an all-time high, with retired homeowners withdrawing a record £2.15 billion from their homes! Read More...

The gender savings gap is widening

Updated: 17th November 2016 - First Published: 16th November 2016 There’s a gender gap when it comes to most things in the financial world, and unfortunately, the retirement arena is no different: even though more women than ever before are saving for retirement, the gap between men and women is widening. Read More...

Equity release lending hits yet another record

Updated: 02nd November 2016 - First Published: 02nd November 2016 Equity release has gone from strength to strength in recent years, and its popularity is showing no signs of waning; if anything, it’s only surging further ahead, with lending for the third quarter of the year having hit yet another record. Read More...

£6.8m property wealth released every single day

Updated: 17th October 2016 - First Published: 17th October 2016 Equity release has been enjoying a surge of popularity in recent years, thanks in no small part to rising house prices, with new figures showing that the market is already on course for a record-breaking year. Read More...

Equity release lending growth at 10-year high

Updated: 27th September 2016 - First Published: 27th September 2016 Following yesterday’s news that competition in the equity release market is booming, today brings fresh evidence of the success of that competition, with figures showing that annual growth in equity release lending has hit a 10-year high. Read More...

Equity release customers never been better served

Updated: 26th September 2016 - First Published: 26th September 2016 Equity release has long been thought of as a way to boost retirement income without needing to downsize, and our latest research shows that those seeking such an arrangement have more choice – and better deals – than ever before. Read More...

Over-55s withdraw housing equity to survive

Updated: 15th September 2016 - First Published: 15th September 2016 Much is said about the difficulty first-time buyers have in gaining that first step on the ladder, but it seems that older homeowners are still feeling the strain – so much so, that many are forced to withdraw equity from their home to survive. Read More...

Are you saving sufficiently for retirement?

Updated: 07th September 2016 - First Published: 07th September 2016 We know we should be saving for retirement, yet with so many other things sapping our finances, it can be difficult to put enough aside. This could explain why the proportion of those saving adequately has stalled for the first time in three years. Read More...

Younger generation seeks a greater later life

Updated: 30th August 2016 - First Published: 30th August 2016 The assumption that the younger generation has a “live for today” mentality appears to be untrue, with research finding that many are looking to the future - yet concerns remain over whether they’ll be able to achieve their goals. Read More...

Equity release lending hits a new record

Updated: 01st August 2016 - First Published: 29th July 2016 Equity release is growing in popularity as a way to free up housing wealth and boost retirement incomes without needing to downsize, and as a result, the value of this form of lending is soaring to new heights. Read More...

Downsizing dilemma – to move or not to move?

Updated: 26th July 2016 - First Published: 26th July 2016 Many people think that they’ll use their property as their retirement fund, and may look to downsizing to achieve that. However, when the time comes, few want to take the plunge, with 58% of over-55s surveyed having no intention of downsizing. Read More...

Bank of Gran and Grandad open for business

Updated: 20th July 2016 - First Published: 20th July 2016 Financial independence isn’t something that’s easy to achieve these days. The rising cost of living means that many are feeling the strain, and they'll often turn to family members for help – and it isn’t only the Bank of Mum and Dad they call upon. Read More...

Life begins at 60 – with the right finances

Updated: 12th July 2016 - First Published: 12th July 2016 The old saying that life begins at 40 may be usurped by new findings which reveal that life could actually begin two decades later, as longer life expectancies and better income prospects combine to make retirement the new golden age. Read More...

Think you’ve saved enough for retirement?

Updated: 11th July 2016 - First Published: 11th July 2016 Many people like to think they’re on track for a comfortable retirement, but in reality, they may be in for an unwelcome surprise, with research finding that the average over-50 needs to double the amount they think they’ll need… Read More...

Will you be renting in retirement?

Updated: 20th June 2016 - First Published: 20th June 2016 Many of us dream of the time when we’ll be mortgage-free and enjoying retirement, but a growing number may not have got on the ladder at all, with the number of those in rented accommodation in retirement having soared by 220,000 since 2012. Read More...

Millennials saving for retirement

Updated: 06th June 2016 - First Published: 06th June 2016 The general assumption that younger workers aren’t concerned about saving for the future appears to be unfounded, with recent research from PensionBee finding that just 7% of those aged 25-44 would rather spend their money than save into a pension. Read More...

Will you still be working in retirement?

Updated: 31st May 2016 - First Published: 31st May 2016 Many of us dream of the day we’ll be able to retire and leave the stresses of the workplace behind, but unfortunately, research has revealed that this dream may be further away from reality than many people hope for. Read More...

Equity release enjoys record start to the year

Updated: 21st April 2016 - First Published: 21st April 2016 Equity release has been enjoying a surge of popularity in recent years, with homeowners realising that they can take advantage of the equity in their home without needing to downsize - and as a result, this form of lending has hit record levels. Read More...

Running out of money = the biggest retirement fear

Updated: 11th April 2016 - First Published: 08th April 2016 Money worries can be a huge concern at any age, but it appears that those fears can be compounded during retirement, with research from Independent Age highlighting the extent of the issue. Read More...

Pensioners forced to cut living costs

Updated: 06th April 2016 - First Published: 06th April 2016 The new state pension launches today, but research from retiresavvy.co.uk has found that many pensioners could find the amount offered unsustainable – with some having to halve their living costs in order to cope. Read More...

Further growth in equity release lending

Updated: 21st March 2016 - First Published: 21st March 2016 The equity release sector is booming at the moment. Not only have our own figures shown that the number of lifetime mortgages is on the rise, but latest research shows clear growth in lending in 2015, highlighting the growing popularity. Read More...

Rising demand for equity release – and more choice

Updated: 15th March 2016 - First Published: 14th March 2016 Downsizing may be a popular option for many older homeowners, but what if you don’t want to leave your home to free up some cash? That’s where equity release can come in, and figures show that there's a growing number of products available... Read More...

Pre-retirees are unprepared for retirement

Updated: 10th March 2016 - First Published: 10th March 2016 Do you feel prepared for retirement? If research from wealth managers Sanlam is anything to go by, you may not, even if you’re rapidly approaching what could be called “traditional” retirement age. Read More...

Do retirement expectations match reality?

Updated: 15th March 2016 - First Published: 07th March 2016 Whether you’re decades away from retirement or are getting closer to the big event, you’re bound to have a few ideas of what your golden years will entail. The question is, will your expectations match up to reality? Aviva has taken a closer look… Read More...

Are you saving enough for retirement?

Updated: 26th February 2016 - First Published: 26th February 2016 The need to save for retirement has been put into stark focus of late, but unfortunately, far too few people seem to be prepared for the financial pressures that later life can bring, with the overwhelming majority failing to save sufficiently. Read More...

Interest-only borrowers turn to equity release

Updated: 15th March 2016 - First Published: 25th February 2016 Do you have an interest-only mortgage? If so, how are you going to repay the balance? You may have suitable investments to cover it, or you may want to remortgage to a full repayment plan, but a growing number of people are turning to equity release. Read More...

Retirees are enjoying a “spending boom”

Updated: 03rd February 2016 - First Published: 03rd February 2016 Retirees have increased their spending at almost three times the rate of non-retirees in the last decade, new research from Canada Life shows, with many of the older generation able to enjoy a definite spending boom as their income remains robust. Read More...

Equity release lending hits new record

Updated: 25th January 2016 - First Published: 25th January 2016 Equity release is growing in popularity as a way to boost income in later life, with homeowners realising that they can unlock a valuable amount of equity from their home without needing to downsize - and it's hit a new record as a result. Read More...

Downsizing not ideal – what about equity release?

Updated: 18th December 2015 - First Published: 18th December 2015 For many people, the thought of downsizing to a smaller home when they hit retirement simply isn’t palatable – but that doesn’t mean they can’t benefit from their home’s accumulated equity to boost their retirement income. What about equity release? Read More...

Are you relying on your employer for pension help?

Updated: 07th December 2015 - First Published: 07th December 2015 Pension freedoms have given us a wealth of options when it comes to planning retirement. But it seems that this choice is making more of us dependent upon others to steer us in the right direction,and employers are likely to feel the pressure. Read More...

Homeowners underestimate property wealth by £90K

Updated: 04th December 2015 - First Published: 04th December 2015 Do you know how much your home is actually worth? If you haven’t had it valued in a few years, you may be surprised, as you could actually be sitting on far more property wealth than you realise… Read More...

Will you work past traditional retirement age?

Updated: 02nd December 2015 - First Published: 02nd December 2015 When do you hope to retire? You may be thinking of aligning with state pension age and retiring at 65, while others hope to retire considerably sooner – but a growing number are expecting to work well past traditional retirement age. Read More...

One in 10 never want to retire

Updated: 30th November 2015 - First Published: 30th November 2015 Many people dream of the day they can leave work for good, but it seems that a growing number have the opposite idea, with one in 10 of those surveyed by Co-op saying that they never want to retire. Read More...

Retirement income up 170% in 20 years

Updated: 24th November 2015 - First Published: 24th November 2015 Many people are concerned about the level of income they’ll receive when they retire, but it looks as though this anxiety could be largely unnecessary, as retirees have actually seen their incomes rise at a much faster rate in the last 20 years. Read More...

Regular saving is key to retirement confidence

Updated: 24th November 2015 - First Published: 20th November 2015 You may think that having a decent income is the key to being confident in retirement, but according to research, that may not be the case: figures have revealed that it’s regular saving, rather than income, that’s the key driver of confidence. Read More...

Women still face a shortfall in retirement

Updated: 24th November 2015 - First Published: 19th November 2015 There’s been a long-standing gender divide when it comes to retirement preparedness, and unfortunately, it looks as though that gap still holds true – and it gets worse with age. Read More...

Will your retirement expectations match reality?

Updated: 07th August 2017 - First Published: 13th November 2015 Whether you’re rapidly approaching retirement or are still decades away, you’ve probably got an idea of what your post-work life could be like. The question is, does it match up to reality? Read More...

When does retirement ignorance stop being bliss?

Updated: 27th October 2017 - First Published: 12th November 2015 When we’re young, it’s easy to gloss over thoughts of retirement and the financial needs associated with it, but there comes a time when even the least organised person realises that they need to think about the future – but just when is it? Read More...

Over-55s property wealth set to hit £2.5 trillion

Updated: 06th November 2015 - First Published: 06th November 2015 Those aged 55 and over who own their own homes may currently be sitting in a goldmine, and with house prices likely to continue rising, it could mean that this age group will have access to a significant amount of equity when they enter retirement. Read More...

Would you pay for pensions advice?

Updated: 28th October 2015 - First Published: 28th October 2015 Are you confident in being able to afford the retirement you want? Unfortunately, few people think they’re on track to achieving their ambitions – and most aren’t willing to pay for advice that could hep them get closer to their goal. Read More...

Popularity of equity release soars further

Updated: 27th October 2015 - First Published: 27th October 2015 Sales of equity release plans have seen the biggest quarterly rise for 11 years, figures from the Equity Release Council have revealed, as more homeowners look to use their housing wealth to boost their finances in later life. Read More...

Have you made future financial plans?

Updated: 22nd October 2015 - First Published: 22nd October 2015 We all know that we should be saving for the future, but unfortunately, other things can get in the way – and this can have long-term financial consequences. Read More...

What will you use equity release for?

Updated: 15th October 2015 - First Published: 15th October 2015 Are you thinking of taking out an equity release plan? If so, what will you use the money for? While some people will use the proceeds for themselves, it seems that others have a more generous goal in mind, particularly if they own a pricey property. Read More...

Generous grandparents risk running out of capital

Updated: 07th October 2015 - First Published: 07th October 2015 Grandparents may be known for spoiling their grandchildren, but are they doing so at the expense of their own finances? According to research from Investec Wealth & Investment, this could well be the case. Read More...

Do you have enough saved for retirement?

Updated: 24th November 2015 - First Published: 02nd October 2015 Saving for retirement is something we all need to get into the habit of, but not everyone seems to be giving it the attention it needs, as research shows that many over-65s may not have enough saved for the retirement they’re hoping for. Read More...

Retirement: to work or not to work?

Updated: 25th September 2015 - First Published: 25th September 2015 The number of over-65s choosing to work beyond the traditional retirement cut-off point has been growing since the abolition of the default retirement age in October 2011. But are they doing it out of choice or necessity? Read More...

Are you on track for the retirement you want?

Updated: 24th September 2015 - First Published: 24th September 2015 When thinking about our finances, may of us focus on the short-term rather than looking further ahead. But what about when it comes to retirement? If you don’t start planning, you could find that you aren’t able to afford the retirement you want... Read More...

Older homeowners are driving equity release

Updated: 24th September 2015 - First Published: 23rd September 2015 Equity release can be used as a way to free up a valuable amount of cash from your home, and it seems that a growing number of people are getting on board. Interestingly, it’s older homeowners who are the driving force behind the rising popularity... Read More...

Should you turn your pension into property?

Updated: 18th September 2015 - First Published: 18th September 2015 For some, the ability to cash in their pension and withdraw it as a lump sum opens up the possibility of investing in property, more specifically buy-to-let. This can seem like a fool-proof option for securing a retirement income – but is it? Read More...

Retirement income: can you cover a one-off expense

Updated: 17th September 2015 - First Published: 17th September 2015 Ensuring you have a regular income to give you a comfortable retirement is a key issue when planning your post-work years, but would your pension plans cover the cost of a one-off expense? Read More...

30% of retirees are still in debt

Updated: 26th August 2015 - First Published: 26th August 2015 It’s a shocking statistic, but it’s true – research shows that almost a third of retirees were still laden with debt when they left employment, a statistic that becomes particularly worrying when you consider the lack of regular income to pay it off. Read More...

Equity release lending at new high

Updated: 28th July 2015 - First Published: 28th July 2015 If you’re looking to boost your income in retirement, you may have considered downsizing. But what if you don’t want to leave the family home? That’s where equity release can come in, and figures show that its popularity is soaring. Read More...

Retirees are shunning excessive lifestyles

Updated: 24th July 2015 - First Published: 24th July 2015 When you think about retirement, do you imagine a life of holidays, luxury and endless activities, or are you a bit more prudent in your aspirations? According to research, an increasing number of people are remaining distinctly sensible. Read More...

Retirees have £9,000 income shortfall

Updated: 20th July 2015 - First Published: 20th July 2015 Having a comfortable income in retirement is something many of us strive for. However, new research carried out by Aviva has revealed that a large number of workers heading towards retirement may be facing a large income gap. Read More...

Equity release lending rising – could you benefit?

Updated: 15th July 2015 - First Published: 15th July 2015 Equity release is showing clear signs of a resurgence, with rising house prices giving retirees the chance to release more cash than ever. Not only did lending hit record levels last year, but it’s on course to do the same again – could you benefit? Read More...

Retirement saving at record – but it’s not enough

Updated: 25th June 2015 - First Published: 25th June 2015 Are you saving enough for retirement? Or, perhaps a more pressing question, are you saving anything at all? Research shows that, even though the highest proportion on record now save adequately, a worrying number still fail to put anything away. Read More...

Next generation of retirees expect lower income

Updated: 19th June 2015 - First Published: 19th June 2015 Retirees in 2015 have some of the highest retirement expectations of any group since the financial crisis, but it seems that the next generation have far weaker hopes. Read More...

When will YOU be a millionaire?

Updated: 30th May 2017 - First Published: 28th May 2015 Earning £1 million in a lifetime may seem like a far-off dream when you take your first step onto the career ladder, but an investigation carried out by Prudential has revealed that the time it takes to bank £1 million has fallen. Read More...

Are you on track for the retirement you aspire to?

Updated: 22nd May 2015 - First Published: 19th May 2015 Imagine your idea of the perfect retirement. Are you on track to achieve it? Unfortunately, research suggests that very few will be, with unrealistic retirement expectations being a major concern. Read More...

Calls to make retirement advice compulsory

Updated: 07th May 2015 - First Published: 07th May 2015 Should retirement advice be compulsory? According to research from MGM Advantage, a large proportion of older workers think that this should be the case, and they’re calling on the regulators to make that happen. Read More...

Is it the end of inheritance?

Updated: 01st May 2015 - First Published: 01st May 2015 Are you planning to leave an inheritance, or perhaps you’re expecting to receive one yourself in the next few years? Well, things may not pan out that way, as it looks as though the traditional inheritance may be dying out. Read More...

Equity release has record start to the year

Updated: 27th April 2015 - First Published: 27th April 2015 Equity release, a way for homeowners to release some of the equity in their home, is growing in popularity. Given that retirement incomes can be stretched, it can be a great way for people to free up some cash – and more are getting in on the action. Read More...

What’s your priority: a holiday or a pension pot?

Updated: 24th April 2015 - First Published: 24th April 2015 When it comes to savings priorities, many Brits are happy to squirrel cash away to pay for a dream holiday, or the perfect wedding. However, it seems that some of this saving comes at the expense of long-term financial needs. Read More...

How will you fund your retirement?

Updated: 20th June 2017 - First Published: 08th April 2015 This week has seen the pension freedoms come into full effect, giving those approaching retirement far more choice when it comes to spending their pension pot. But, do you know how you’ll fund your post-work years? It's time to start thinking! Read More...

Could your home help fund your retirement?

Updated: 07th April 2015 - First Published: 31st March 2015 Your home is your biggest asset, so if you’re approaching retirement, you could be thinking of ways to make it work harder for you. Read More...

How regulatory changes could improve your income

Updated: 27th March 2015 - First Published: 27th March 2015 Securing a decent retirement income will be key to ensuring you live your post-work years in comfort, but it can sometimes be easier said than done. Luckily, the regulator has stepped in to ensure a better outcome, with a number of changes in store. Read More...

1.4m could face inadequate retirement incomes

Updated: 16th March 2015 - First Published: 16th March 2015 Are you adequately prepared for retirement? Hopefully you’ve got your income stream organised, but there are fears that many could be in for a shock. Read More...

Would you work longer to boost your pension?

Updated: 23rd February 2015 - First Published: 23rd February 2015 If you knew you could substantially boost your retirement income simply by staying in work for a few more years, would you do it? Well, if the figures are anything to go by, it could be worth considering. Read More...

“Pre-tirement” becoming the norm

Updated: 20th February 2015 - First Published: 20th February 2015 Do you have a set retirement date in mind? Some people may be hoping to give up work as soon as state pension age hits, but for others, there’s no such cut-off point, with many not feeling ready to give up work straight away. Read More...

Will you use Pension Wise?

Updated: 17th February 2015 - First Published: 17th February 2015 Will you use Pension Wise? Or, perhaps a more pressing question, have you even heard of it? According to research, a large number of respondents have no intention of using the free retirement guidance service, and only 3% know what it’s called. Read More...

One in five retirees will have debts

Updated: 28th January 2015 - First Published: 28th January 2015 Those approaching retirement will probably have dreams of being able to enjoy leisurely days that are free from work and financial strain, but unfortunately, research has found that a worrying number of retirees will have outstanding debts. Read More...

Equity release lending hits new records

Updated: 20th January 2015 - First Published: 20th January 2015 Equity release is growing in popularity as a way to free up valuable cash during retirement, and figures from the Equity Release Council show just how quickly this trend is emerging. Is it something you’d consider? Read More...

How much income do you expect in retirement?

Updated: 05th May 2017 - First Published: 14th January 2015 Whether retirement is a long way off or rapidly approaching, you’ve probably got some idea of how much income you’d like in your post-work years. The question is – is it realistic? Read More...

The growth of equity release

Updated: 22nd December 2014 - First Published: 22nd December 2014 Equity release has enjoyed a surge of popularity in recent months, and it’s on target for a record post-recession year. But, there are signs that it could expand even further. Read More...

Will you have a pre-tirement?

Updated: 19th December 2014 - First Published: 18th December 2014 You may dream of the time when you can hang up your work clothes for good, but for many, the days of a clear-cut retirement date are long gone. Retirement is becoming a process rather than an event, with a phase of ‘pre-tirement’ becoming the norm. Read More...

How will you spend your tax-free cash?

Updated: 27th November 2014 - First Published: 27th November 2014 If you’re approaching retirement, you’re probably thinking about how you’ll make the most of your pension savings. Withdrawing the tax-fee lump sum could well prove tempting, but if you were to go down that route, just what would you spend it on? Read More...

Women close the gap with men for retirement saving

Updated: 20th November 2014 - First Published: 20th November 2014 In the past, women have trailed behind their male counterparts when it comes to retirement saving. But now, according to the latest research from Scottish Widow’s Women and Retirement Report, the gap has started to close. Read More...

Are you on track to achieve your retirement goals?

Updated: 05th June 2017 - First Published: 19th November 2014 If you’re approaching retirement age, you’ve probably got an idea of what post-work life will be like. But, whether it’ll involve holidays, new hobbies or just a bit of relaxation, you’ll need the funds to achieve those goals. Are you on target? Read More...

The rise of downsizing

Updated: 22nd May 2017 - First Published: 17th November 2014 Research from Prudential has revealed that a growing number of over-55s plan to sell their current home and move to a smaller property, with the biggest motivation being the amount of capital that can be unlocked. But is downsizing right for you? Read More...

Don’t regret not saving sooner

Updated: 13th November 2014 - First Published: 13th November 2014 When you get to retirement age, you want to be focusing on the positive aspects it can bring – the fun, the relaxation, the chance to take up new activities or indulge in old hobbies – not worrying about your financial situation. Read More...

Are you looking forward to an active retirement?

Updated: 11th November 2014 - First Published: 11th November 2014 Some people dream of the day they can give up work for good, whereas for others, the thought of entering retirement fills them with dread. According to research, much of that reticence could be down to outdated ideas of what retirement actually is. Read More...

Have you reviewed your retirement plans?

Updated: 12th April 2017 - First Published: 27th October 2014 Whether retirement is a long way off or rapidly approaching, having a plan of how you’re going to meet your financial goals is vital. You could need an income for 20+ years so planning really is key, but unfortunately, far too few people realise it. Read More...

Income inequality extends into retirement

Updated: 23rd October 2014 - First Published: 23rd October 2014 The pay gap between working men and women has been a hotly debated issue for many years. However, it now appears that this fiscal imbalance continues into retirement, with men claiming a retirement income that is around 68% higher than that of women. Read More...

Couples fail to plan – and could pay the price

Updated: 14th October 2014 - First Published: 14th October 2014 Do you discuss your finances with your other half? It may not always be a comfortable conversation, particularly if you’re looking a long way into the future, but these conversations could be vital to ensure your financial stability. Read More...

Over-55s sticking with pre-Budget plans

Updated: 10th October 2014 - First Published: 10th October 2014 The pension freedoms announced in the last Budget represented the biggest shake-up in the pensions system since its introduction. However, it seems as though the new pension possibilities have failed to excite the over-55s. Read More...

Do you want to work past 65?

Updated: 08th October 2014 - First Published: 08th October 2014 Once upon a time, reaching retirement age was a fairly cut and dry situation. Once men hit 65 or women turned 60 they could turn their back on the world of work for good, but that’s no longer the case… Read More...

Over-50s let adult children stay at home for free

Updated: 27th July 2017 - First Published: 06th October 2014 Sky-high university fees, a competitive graduate job market and first-time buyer headaches mean that more and more young adults are retreating to their parents’ homes, with more than one in 10 over-50s putting up their adult children rent-free. Read More...

Are you doing enough to prepare for retirement?

Updated: 01st October 2014 - First Published: 01st October 2014 Putting precious money aside for a pension pot can seem like a chore, but building up that nest egg for your retirement is crucial if you want to sit back and enjoy your golden years in comfort. Read More...

How wealthy has your home made you?

Updated: 29th September 2014 - First Published: 29th September 2014 Your home is undoubtedly your biggest asset, and if you’ve retired and managed to pay off your mortgage, you could be sitting on (or in) an absolute goldmine. This is even more likely given the rapid pace of house price growth over the last year. Read More...

Could downsizing help fund your retirement?

Updated: 25th September 2014 - First Published: 25th September 2014 If you’re approaching retirement, there’s one thing you need to make sure above all others – that you’ve got enough funds to enjoy your golden years in comfort. You could even be sitting in a retirement asset that can help achieve that – your house! Read More...

Are you planning to retire? A record number aren’t

Updated: 09th September 2014 - First Published: 09th September 2014 For many people, the thought of heading into a long and leisurely retirement is what keeps them going throughout their working years. But, not everyone feels this way – in fact, around one in seven working people don’t plan on retiring at all. Read More...

7 ways to fund your retirement

Updated: 28th August 2014 - First Published: 27th August 2014 You’ve worked hard, saved harder, and are now left with savings and a pension pot that will see you through your retirement. But, you need to make sure it’ll last, and that’s why it’s so important to find the right way to fund your retirement. Read More...

Equity release misgivings see retirees miss out

Updated: 21st August 2014 - First Published: 21st August 2014 Misplaced fears about equity release mean many retirees are unnecessarily limiting their options when it comes to looking at ways to boost their income in their retirement. Read More...

How will you fund a longer retirement?

Updated: 20th August 2014 - First Published: 20th August 2014 Many of us are living longer these days, and that can only mean one thing – retirements are getting longer, too! While this is of course a good thing, it could put extra pressure on your finances. So just how will you fund a lengthy retirement? Read More...

Will you have a phased retirement?

Updated: 13th June 2017 - First Published: 12th August 2014 Is it your dream to give up work as soon as retirement hits, or are you hoping to stay in the workplace for a bit longer? Will you work part-time, full-time or on a temporary basis, for a few more months, years or even throughout your retirement? Read More...

“Superboomers” redefining retirement

Updated: 04th August 2014 - First Published: 04th August 2014 Retirement has traditionally been thought of as a time when you can relax, give up work and enjoy a more sedate pace of life. But, given that a third of the British population is over 50, it looks like things are changing. Read More...

Working beyond 60 = bigger pay rises

Updated: 01st August 2014 - First Published: 01st August 2014 Are you planning on working beyond the age of 60? If so, you could be in for a pay rise. Research from Prudential has revealed that, since 2011, workers over the age of 60 have seen their earnings rise faster than any other age group. Read More...

Government unveils free retirement guidance plans

Updated: 22nd July 2014 - First Published: 22nd July 2014 Retirees will soon be entitled to free and impartial guidance on how to make the most of the new pension freedoms being introduced from next year. Read More...

Sales of equity release hit 10-year high

Updated: 22nd July 2014 - First Published: 21st July 2014 The equity release market has recorded its busiest quarter in almost a decade, as increasing numbers of retirees choose to tap into the wealth tied up in their homes. Read More...

When will you leave work – and how will you do it?

Updated: 11th July 2014 - First Published: 11th July 2014 The days of leaving work at state retirement age are a dim and distant memory. An increasing number of people work well into their 60s to maintain a comfortable standard of living, while one in five think they’ll have to “work til they drop”. Read More...

Do you want to retire? 1 in 10 don’t

Updated: 07th July 2014 - First Published: 07th July 2014 For a lot of people, the thought of being able to give up work and embark on a long and happy retirement is something that can’t come soon enough. But, according to research from MGM Advantage, it seems that not everyone has the same idea. Read More...

The 2014 retirement landscape

Updated: 03rd July 2014 - First Published: 03rd July 2014 Are you coming up to retirement age? If so, just what are your expectations? Well, Prudential has taken a look at the retirement landscape, uncovering just what the Class of 2014 are expecting… Read More...

Will you take up the offer of free guidance?

Updated: 03rd July 2014 - First Published: 03rd July 2014 The Government’s promise of a “guidance guarantee” to those approaching retirement may sound like a good deal, but it hasn’t been met with such widespread support as might have been hoped. Read More...

Women underestimate pension needs by £400K

Updated: 01st July 2014 - First Published: 01st July 2014 You’re working hard, saving harder, making regular contributions to your pension and have ideals of living the high life in your golden years. But do you know how much actually you’ll need for that kind of comfortable retirement? Read More...

Calls for guidance guarantee to be impartial

Updated: 26th June 2014 - First Published: 26th June 2014 Earlier this year the Chancellor announced a radical shake-up of the UK pensions system, with a key change being the promise of a “guidance guarantee” – but there's a clear desire for this guidance to be impartial. Read More...

Are you heading for a comfortable retirement?

Updated: 13th June 2014 - First Published: 13th June 2014 Retirement has previously been seen as a time when pensioners can put their feet up, relax and enjoy the spare time they deserve after a life of hard work. Read More...

Will you work past 65?

Updated: 12th June 2014 - First Published: 12th June 2014 The days of counting down to your 65th birthday so you can leave the world of work are rapidly disappearing. Not only is the Government increasing the state pension age, but many people are finding they need to keep working for financial reasons. Read More...

Retirement savings levels reach five-year high

Updated: 11th June 2014 - First Published: 11th June 2014 We all know the importance of saving adequately for retirement, and happily that message seems to be getting out there, with research revealing that more and more people are becoming suitably prepared. Read More...

Retirees feel the pinch: 30% of income goes on tax

Updated: 30th May 2014 - First Published: 30th May 2014 Paying tax might be a necessity, but it isn’t a prospect that many of us relish. Spare a thought, then, for retirees, as research has shown that approximately 30% of their annual household income will go straight into the taxman’s pocket. Read More...

Mind the £100,000 retirement gap

Updated: 27th May 2014 - First Published: 27th May 2014 Everyone hopes that they’ll have a comfortable retirement, with their hard work paying off in the form of a decent pension. However, the majority may not be able to enjoy the standard of living hoped, with the average pension falling short by £100K. Read More...

What are your retirement expectations?

Updated: 22nd May 2014 - First Published: 22nd May 2014 Enjoying a comfortable retirement all comes down to having enough income to meet your needs, but unfortunately it seems that a lot of people could be falling short. Read More...

Many unsure of retirement income – are you?

Updated: 13th May 2014 - First Published: 13th May 2014 Do you know how much retirement income your pension savings will generate? If not, you’re not alone... Read More...

Do you want to provide for loved ones?

Updated: 09th May 2014 - First Published: 09th May 2014 Everyone wants the best for their family, and most people would go out of their way to ensure their loved ones are safe and happy, but when it comes to financial decisions there is a distinct lack of communication. Read More...

Saving is key to financial security in later life

Updated: 08th May 2014 - First Published: 08th May 2014 As you approach retirement, hopes and aspirations are likely to focus on winding down and taking more time to do what you please; but a comfortable retirement only comes with financial security. Read More...

The retirement gender gap

Updated: 29th April 2014 - First Published: 29th April 2014 There has always been a gender gap when it comes to salaries, with male wages outstripping females’, and it appears this trend is continuing into retirement. Read More...

Could you release the equity in your home?

Updated: 24th April 2014 - First Published: 24th April 2014 Property prices have surged over the last few years, and that means a lot of people could have built up a valuable amount of equity in their home – which could go some way to explaining the growing popularity of equity release. Read More...

Make sure you don’t run out of money in retirement

Updated: 11th May 2017 - First Published: 03rd April 2014 Everyone likes to think that they’ll be able to spend their retirement in comfort, with enough money coming in to live their golden years to the full. However, that dream may not be the reality for a lot of people. Read More...

Pensioners facing a meagre retirement

Updated: 28th March 2014 - First Published: 28th March 2014 The average person retiring in Britain today is looking forward to an annual income equating to almost 24% less than the minimum wage, according to research carried out by LV=. Read More...

Are you ready to give up work?

Updated: 15th November 2017 - First Published: 14th March 2014 Although a lot of people long for the day they can give up work and head blissfully into their golden years, it seems that not everyone is ready to throw in the towel just yet. Read More...

The changing attitudes of retirement

Updated: 25th April 2017 - First Published: 10th March 2014 The general attitude surrounding retirement for many years seems to have been that if you work hard during your earlier life, then by the time you reach a certain age, you will be able to stop working and enjoy a life of leisure as a senior citizen. Read More...

Retirees’ income squeezed – by family members

Updated: 07th March 2014 - First Published: 07th March 2014 For a lot of pre-retirees, thoughts of retirement will revolve around extra leisure time, hobbies, trips abroad and a few induglances. Usually, they won’t involve providing financial support to family – but it could be time to think again. Read More...

Housing wealth fuels Equity Release

Updated: 03rd March 2014 - First Published: 03rd March 2014 With many pensioners finding their retirement income stretched due to meagre pension pots and disappointing annuities, it seems they are turning to the property market to give them more comfort in later life. Read More...

A working retirement for many Britons

Updated: 04th March 2014 - First Published: 28th February 2014 It looks as if Britons are resigning themselves to having to work well into their retirement to make ends meet, according to two separate studies looking at people’s confidence about their finances after retirement age. Read More...

Pensioner property wealth at record levels

Updated: 24th February 2014 - First Published: 24th February 2014 With securing a decent retirement income a key concern for a lot of over-65-year-olds, it’s encouraging to hear that average property wealth among pensioners is substantially increasing. Read More...

Not ready for retirement? You’re not alone!

Updated: 11th February 2014 - First Published: 07th February 2014 Many people look forward to the prospect of giving up work, but according to research from Prudential it seems not everyone is ready to throw in the towel and enjoy their golden years just yet. Read More...

Are you approaching retirement in debt?

Updated: 24th January 2014 - First Published: 24th January 2014 Retirement is supposed to be a time of life when people can enjoy what they have achieved during their working lives, but many retirees are finding themselves with debts still to be paid off. Read More...

Record-breaking year for equity release

Updated: 19th October 2016 - First Published: 20th January 2014 2013 proved to be a record-breaking year for the equity release market with the total amount of funds released breaking through the £1 billion barrier, figures from Key Retirement Solutions show. Read More...

This generation poorer than the last

Updated: 18th December 2013 - First Published: 18th December 2013 According to the IFS, those born in the 1960s and 70s will only be wealthier than the previous generation if they inherit money – meaning it’s the first time in several decades that people will be poorer than their parents. Read More...

The price of happiness in retirement

Updated: 12th December 2013 - First Published: 12th December 2013 Everyone has ideas of the “perfect” retirement, but unfortunately not everyone thinks about the true cost of achieving that goal. Read More...

Prepare for life after work

Updated: 28th November 2013 - First Published: 27th November 2013 A report released by HSBC has analysed the issues, attitudes and concerns surrounding retirement, covering everything from income to leaving a legacy, but unfortunately it found that retirement aspirations didn’t always live up to reality. Read More...

Young lack opportunity to save for retirement

Updated: 13th November 2013 - First Published: 13th November 2013 Despite the general consensus being that young people aren’t preparing sufficiently for retirement, new research from Aegon has found that they're actually ready to save for later life but a lack of opportunities is preventing them from doing so. Read More...

Preparing for a longer retirement

Updated: 07th November 2013 - First Published: 07th November 2013 According to figures released by the Office for National Statistics, the number of pensioners in the UK will rise by a third over the next 25 years, while the number of over-85 year olds will triple to 3.6 million. Read More...

Equity release set for record-breaking year

Updated: 06th November 2013 - First Published: 06th November 2013 More homeowners are releasing equity from their homes in order to improve their lifestyles in retirement as well as pay off outstanding mortgage debts. Read More...

Couples' pension arrangements 'inadequate'

Updated: 01st November 2013 - First Published: 01st November 2013 More than half of couples over the age of 40 risk leaving one partner with no income should the other die, with just 46% having made arrangements to ensure the surviving partner continues to receive an income. Read More...

46% more over-65s need to stay in work

Updated: 24th October 2013 - First Published: 24th October 2013 Figures released by insurance specialist Partnership reveal the stark rise in the number of over-65 year olds in or seeking work, with the figure almost doubling in the space of five years. Read More...

Women’s retirement preparation at record low

Updated: 23rd October 2013 - First Published: 23rd October 2013 The number of women adequately prepared for retirement is at an all-time low and well below that of their male counterparts, Scottish Widows has warned. Read More...

Record breaking quarter for equity release

Updated: 16th October 2013 - First Published: 16th October 2013 Latest figures show that the number of homeowners releasing equity from their properties continues to grow. Read More...

Financial stability key for a happy retirement

Updated: 26th April 2017 - First Published: 09th October 2013 The latest Aviva Real Retirement Report highlights the importance of planning ahead for the future, with retirees viewing financial stability as a key ingredient for a happy retirement. Read More...

Retirees living on less than uni graduates

Updated: 01st October 2013 - First Published: 01st October 2013 Despite working hard all their lives, research by Skipton Financial Services has revealed that a British retiree’s annual income is less than that earned by university graduates in their first job. Read More...

Under 45s urged to keep an eye on their pensions

Updated: 30th September 2013 - First Published: 30th September 2013 Research undertaken for Standard Life has revealed that under-45s could get a shock if they don’t keep an eye on their pension pots, with almost three quarters (74%) of those with a pension not realising the value of their investments. Read More...

Equity release plans double in a year

Updated: 27th September 2013 - First Published: 27th September 2013 The number of homeowners who are planning to fund their retirement by releasing equity from their properties has more than doubled over the last year. Read More...

Retirement hotspots revealed

Updated: 26th September 2013 - First Published: 26th September 2013 Research by Prudential has revealed that South West England is the most popular area for retirees to live in the UK, and Christchurch takes the crown as the retirement hotspot. Read More...

One in 7 plan to never retire

Updated: 22nd May 2017 - First Published: 20th August 2013 One in seven (14%) people have no intention of ever retiring, according to the latest research by Baring Asset Management. Read More...

Retirees sell homes in favour of renting

Updated: 01st August 2013 - First Published: 01st August 2013 A study has found a large percentage of retired people are stepping off the housing ladder and moving into rented homes instead. Read More...

Retirees seek homes in the sun

Updated: 30th July 2013 - First Published: 30th July 2013 A larger number of people are planning to move abroad to enjoy their retirement than before the financial crisis occurred, a new study by HSBC has found. Read More...

Divorce reduces retirement income

Updated: 12th December 2017 - First Published: 19th June 2013 Divorcees due to retire this year are bracing themselves for a lower income compared to those who have remained married, according to the results of a study released today. Read More...

Retirees’ income falls on average by £2,400

Updated: 18th June 2013 - First Published: 18th June 2013 New research has highlighted the worrying predicament facing thousands of retirees reliant on savings and investment funds as their primary source of income. Read More...

Retirees’ property assets grow

Updated: 20th June 2013 - First Published: 05th June 2013 Latest research has found retirees hold a combined property equity of £768.95 billion, as the UK housing market showed continued signs of growth over the first three months of 2013. Read More...

Thousands struggle to make retirement provisions

Updated: 03rd June 2013 - First Published: 03rd June 2013 A new report by Scottish Widows has found just 45% of people are placing money aside each month in preparation for their retirement, whilst 20% do not save any money at all. Read More...

Retirees prioritise living costs over inheritance

Updated: 29th May 2013 - First Published: 29th May 2013 Falling returns in the savings and annuity markets now mean that just under a quarter (24%) of people aged 55 and over view their investment funds as a source of income. Read More...

One in seven set to retire without a pension

Updated: 29th May 2013 - First Published: 22nd May 2013 At least one in seven people due to retire this year will do so without the funding of a private pension, new research by Prudential has shown. Read More...

Retirement funding being placed on the back burner

Updated: 20th May 2013 - First Published: 20th May 2013 Thousands of adults in the UK are burying their heads in the sand when it comes to planning ahead for their retirement, according to a new survey by National Savings & Investments. Read More...

Retirees’ income battered over past five years

Updated: 20th June 2013 - First Published: 14th May 2013 Research by Key Retirement Solutions has revealed the average retiree’s investment income has fallen by 34% since the credit crisis took hold in 2008. Read More...

Millions of retirees tormented by debt worries

Updated: 27th November 2017 - First Published: 13th May 2013 Around four million retirees possess an average existing debt of over £6,900, according to shocking new figures released by the retirement income specialist, MGM Advantage. Read More...

UK adults face retirement funding crisis

Updated: 09th May 2013 - First Published: 09th May 2013 A study by the Equity Release Council has found a shocking 65% of people are unable, unaware or unwilling to save for their future. Read More...

Millions suffering from ‘pensionitis’

Updated: 27th November 2017 - First Published: 01st May 2013 A worrying number of people aged 55 and over have absolutely no plans in place for when they eventually retire, a new study has revealed. Read More...

Equity release goes from strength to strength

Updated: 07th December 2016 - First Published: 24th April 2013 The equity release market has experienced its strongest first quarter since 2009, as demand and interest from homeowners continues to increase. Read More...

Retirees favour personal pensions and annuities

Updated: 20th June 2013 - First Published: 17th April 2013 A growing percentage of people entering retirement are choosing to invest in personal pension schemes or annuities, new research has revealed. Read More...

Over 50s struggling to make ends meet

Updated: 27th February 2013 - First Published: 27th February 2013 Nearly a quarter of people aged 50 and over are unable to plan a comfortable retirement and are instead having to battle with making ends meet, as the alarming cost of living shows little sign of abating. Read More...

ABI to issue retirement code of conduct

Updated: 27th February 2013 - First Published: 27th February 2013 A new initiative designed to ensure consumers achieve the highest level of information and assistance when seeking pension products is to be launched on 1 March by the Association of British Insurers (ABI). Read More...

Equity release customers shopping around

Updated: 07th December 2016 - First Published: 25th February 2013 Over half of all equity release customers are taking the time to shop around thoroughly to ensure they achieve the best deal, according to latest research by enhanced equity release specialists Partnership. Read More...

Sales of equity release plans boom

Updated: 04th February 2013 - First Published: 04th February 2013 The number of retired people in the UK taking out equity release plans has continued to grow, according to latest research by Key Retirement Solutions (KRS). Read More...

Protect your pension pot from cold-callers

Updated: 27th November 2017 - First Published: 01st February 2013 The annuity market has attracted a great deal of publicity over recent months, particularly with average incomes falling. Read More...

Equity release sales boom in 2012

Updated: 18th January 2013 - First Published: 18th January 2013 The equity release market experienced its most successful year in three years during 2012, as increased demand and interest from retired homeowners pushed sales of plans up by 10%. Read More...

Young people shun private pensions for ISAs

Updated: 27th December 2012 - First Published: 27th December 2012 Private pensions may cease to exist by 2050 as young people favour short-term savings over long-term investments, according to the Centre for Policy Studies (CPS). Read More...

Gender equality: How it affects you

Updated: 07th December 2016 - First Published: 23rd November 2012 In just a few weeks’ time all financial service companies will be required by law to set all prices on a gender neutral basis. Read More...

Mortgage tips for Over-70s

Updated: 14th December 2016 - First Published: 13th November 2012 I'm currently in a rental property, but now wish to purchase a house at the age of 70+. I have previously owned a house, mortgage free and have a sound credit rating. Read More...

Millions of homeowners facing ‘mortgage time bomb’

Updated: 07th December 2016 - First Published: 06th November 2012 The ever increasing cost of living is eclipsing thousands of people’s prospects of retiring completely debt-free, with over 100,000 homeowners aged 65 and over still struggling to pay off their mortgages. Read More...

Retirees less inclined to leave inheritance

Updated: 25th October 2012 - First Published: 22nd October 2012 A new league of ‘modern retirees’ are focused on providing themselves with a respectable standard of living during retirement, rather than let relatives inherit their assets. Read More...

Women fall behind with retirement planning

Updated: 22nd October 2012 - First Published: 22nd October 2012 The pension gender gap is growing even wider, with women on average saving £776 less per year than men. Read More...

Equity release rates tumble

Updated: 18th January 2013 - First Published: 01st October 2012 Latest research by Moneyfacts.co.uk has shown average rates for lifetime mortgage products have fallen significantly over the past five years, as sales of equity release plans rise. Read More...

“Cut benefits for wealthy pensioners”, says Clegg

Updated: 10th March 2017 - First Published: 26th September 2012 Well off pensioners should surrender their state benefits, according to the deputy prime minister Nick Clegg. Read More...

Nearly three million pre-retirees not saving

Updated: 19th September 2012 - First Published: 19th September 2012 Millions of people approaching retirement are failing to put savings aside as the cost of living continues to rise. Read More...

Financial services alienating the elderly

Updated: 19th September 2012 - First Published: 19th September 2012 Old people are more likely to be ‘socially excluded’ by financial institutions, leaving them financially unstable and vulnerable. Read More...

Thousands expect to retire still owing money

Updated: 23rd August 2012 - First Published: 23rd August 2012 Nearly half a million people are facing debt in their retirement, with an average of £52,446 outstanding on their mortgage. Read More...

Pensions not expected to fund retirements

Updated: 05th October 2012 - First Published: 08th August 2012 Nearly half of people in the UK do not expect to use their pension during retirement, with 17% believing that inheritance payouts will fund their senior years. Read More...

Family comes first for retired homeowners

Updated: 06th August 2012 - First Published: 06th August 2012 As the cost of living remains an uphill struggle for many families, a growing number of retired relatives are lending a financial hand by means of equity release plans. Read More...

Incomes rise, but living costs cancel out savings

Updated: 11th July 2012 - First Published: 11th July 2012 More people aged over 50 are finding it harder to save, despite increases to monthly incomes. Read More...

Home is where the heart is for over 50s

Updated: 11th July 2012 - First Published: 11th July 2012 Over half of people aged 50 and over have said they value their home too much to consider moving. Read More...

More people to put back retirement

Updated: 18th June 2012 - First Published: 18th June 2012 More people are making the choice to put back their retirement and preparing to work past the age of 65. Read More...

Women still worse off in retirement

Updated: 08th June 2012 - First Published: 08th June 2012 Women are still losing out when it comes to annual retirement income, new research released today has revealed. Read More...

One in five putting nothing aside for retirement

Updated: 21st May 2012 - First Published: 21st May 2012 The UK could be facing an impending retirement crisis, as many are not saving enough for their time after work, while others are putting nothing aside at all. Read More...

Older people urged to claim ‘what’s theirs’

Updated: 31st January 2012 - First Published: 31st January 2012 Older people are being urged to claim ‘what’s theirs’ as millions of pounds worth of benefits continue to go unclaimed. Read More...

One in five to retire in debt

Updated: 26th January 2012 - First Published: 26th January 2012 One in five Britons planning to retire this year will do so with the spectre of debt hanging over them. Read More...

Expected retirement income hits five year low

Updated: 11th January 2012 - First Published: 11th January 2012 People preparing to retire in 2012 expect to have to live on less money than retirees from previous years. Read More...

Downturn hitting retirement and festive plans

Updated: 23rd November 2011 - First Published: 23rd November 2011 Retirement plans for many Brits currently hang in the balance as they struggle to pay down debt while worrying about their financial future, a new poll has revealed. Read More...

Equity release finding favour again

Updated: 12th December 2012 - First Published: 18th October 2011 The number of people looking to release equity from their homes registered a sizeable jump in the third quarter of this year. Read More...

Retirement dreams shelved for millions

Updated: 25th August 2011 - First Published: 16th August 2011 Millions of people are seeing their retirement dreams being left in tatters because of the rising cost of living and poor financial planning. Read More...

Equity release levels continue to dry up

Updated: 12th December 2012 - First Published: 04th July 2011 People concentrated on paying down their mortgages rather than take money from their homes in the first three months of 2011. Read More...

Government holds firm over women’s pension age

Updated: 21st June 2011 - First Published: 21st June 2011 The Government has vowed to stand firm on its plan to increase the state pension age for women to 65 by 2018. Read More...

Retirement incomes rocket to 2½ year high

Updated: 06th February 2012 - First Published: 24th May 2011 Retirees have been given a much needed boost after pension incomes climbed to their highest level for two and a half years. Read More...

Is £140 a week enough to live on?

Updated: 03rd July 2017 - First Published: 16th May 2011 People that fail to make any financial plans for their retirement face having to get by on £140 a week, but many think that will be enough. Read More...

Warning over Crossroads equity release plan

Updated: 12th December 2012 - First Published: 14th April 2011 Consumers considering using their property to generate an income have been warned to avoid an equity release plan called Crossroads. Read More...

SAGA does it for the over 50s

Updated: 31st March 2011 - First Published: 31st March 2011 SAGA has improved the rate of interest on its no notice ISA Saver account that is available to those aged 50 and over. Read More...

No retirement for Bank of Mum and Dad

Updated: 06th February 2012 - First Published: 24th August 2010 New research by Aviva reveals that parents approaching retirement are facing greater financial pressure because their grown-up children are asking for ongoing handouts. Read More...

Equity release increasingly used to pay down debts

Updated: 12th December 2012 - First Published: 07th July 2010 Increasing numbers of people using equity release are using funds taken from their homes to pay down debts or cover essential maintenance to their properties. Read More...

Just Retirement commits to equity release sector

Updated: 12th December 2012 - First Published: 24th November 2009 The equity release market has been given a boost by Just Retirement, which has pledged to remain in the sector, following the withdrawal of Prudential... Read More...

NU launches Equity Release Cash

Updated: 12th December 2012 - First Published: 12th July 2006 Norwich Union has launched its Equity Release Cash Reserve Option. Read More...


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