Annuities

Pension savings to become risk-averse due to auto-enrolment

Auto-enrolment pension savers are likely to be risk-averse

Pension professionals expect pension savings to become more risk-averse due to low earners not wanting to put their savings a t risk under auto-enrolment.

Pensioners could be targeted in Osborne's next round of cuts

The IFS warns that pensioners could face cuts to benefits

Despite the austerity measures of the past few years, more will be needed to balance the government's books and the IFS thinks it will be pensioners who face big cuts next.

NAPF warns Osborne to keep his hands off pension tax relief

The Chancellor is considering cutting pensions tax relief

The National Association of Pension Funds (NAPF) is urging the Chancellor not to cut pension tax relief in his Autumn Statement next week.

Public sector workers earn £2ph more than private sector workers

The gender pay gap is closing, according to the ONS

The annual earnings report from the Office for National Statistics (ONS) shows that wages for women are rising faster than for men but still trail by 9.6 per cent.

1500 reasons why you could consider buying an enhanced annuity

Annuity rates can increase if you have an illness

When you are considering buying an annuity it is vital to take your health into account as you may receive higher monthly payments if you suffer from one of 1500 conditions.

EU gender directive: Act now if you are about to draw a pension

The EU gender directive will affect pensions as well as insurance

The EU gender directive could potentially impact our retirement income if you are about to draw a pension, so act now to minimise the risk of lost income, says Tom McPhail.

Record drop in annuity rates risks success of auto-enrolment

Annuity rates have dropped by 7% in just three months

New research from MGM Advantage shows that annuity rates have dropped by seven per cent in just three months, the largest drop since MGM began tracking the rates three years ago.

ONS review into RPI could affect pension and savings incomes

A review into how RPI inflation is calculated could affect pension incomes

The Office for National Statistics (ONS) is to undertake a review into how the retail prices index measure of inflation is calculated that could affect pensions, savings and investments.

Pensions: Auto-enrolment begins today for biggest firms

Auto-enrolment begins today

The government's new pension scheme, auto-enrolment starts today for the UK's biggest companies and it is hoped more than four million people will be using it by May 2014.

Every UK family loses £430 a year in bank and finance rip-offs

Each UK family pays an average of £430 a year in finance charges

A new report reveals how sneaky bank and financial services scams, mis-selling and rip-offs costs each UK family £430 a year with the poor paying disproportionately more.

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