Pensions Inequalities
Pension incomes fall by 35% as gilt yields dropPensioners about to drawdown annuities or who face an annual review could see incomes fall by 35 per cent as gilt yields fall to a record low and new rules take effect. |
Pension reform bill to get second readingThe coalition governments pension reform bill survived a parliamentary vote and will receive a second reading after the government won the vote by 302 votes to 232. |
State pension reforms criticised as unfair to womenBackbench MPs are urging the government to review the Pensions Bill over criticism that just a small minority of women will have to bear the brunt of the costs. |
Pension reforms will mean it 'pays to save'Iain Duncan Smith, the Works and Pensions Secretary has said in a speech yesterday that "we have to make it crystal clear to young savers that it pays to save." |
IDS to announce £140 flat-rate pension plansIain Duncan Smith, the Works and Pensions Secretary, will announce today in a speech to Age UK that the pension system needs to be simplified and people encouraged to save for their retirement. |
Default retirement age scrappedThe default retirement age (DRA) will be scrapped, the Department for Business, Innovation and Skills has confirmed, with the legislation being phased out between April 6th and October 1st this year. |
Retirement income 'drops by 7% in 2010'Average income from pension savings fell to £16,509 this year, a drop of seven per cent. |
More than 1 in 3 women facing poverty in retirement, study warnsOver a third (35%) of women and 29% of men retiring in 2010 will have an income that falls below the poverty line of £13,900 a year, according to a new study. |
Only 19% take pre-retirement advice, report findsMany savers could be left "financially disadvantaged" when they finish working because they shun pre-retirement advice from industry professionals, a new report has warned. |
34% confident about pension income, says NAPFJust over a third (34%) of British employees are confident that their pension savings will provide them with an adequate income when they stop working, according to a new survey. |
Research highlights severe concerns over retirement preparationsForty per cent of people between the age of 55 and 64 are not actively saving towards their retirement, new research has found. |
Fewer pensioners now living in poverty report saysPensioner poverty has fallen by almost a third in the last decade figures have revealed. |
Women look at pension gap worsening through recessionBritish women are falling behind in saving for retirement and the recession is worsening the situation. |
Public sector pensions 'cost £1.1 trillion'The total liability for public sector pensions could be £1.1 trillion, according to a thinktank. |
Government rapped over miners' pensionsThe government has been rapped for the way it is running the pension funds of thousands of miners. |
Older Brits run out of time for pensionsLarge numbers of Britons in their 40s and 50s have no pension plans in place, despite having little time left to save. |
Inflation could wreck retirementsThe majority of people approaching retirement are taking no steps to protect themselves from inflation. |
Over 55s are richest BritsBaby boomers are better off than any other British age group new figures show. |
Inheritance will save usBritons in their 20s are banking on inheritance to bail them out financially, rather than plan for their future. |
Women fare worse in pensionsWomen are not contributing to personal and occupational pensions, new figures reveal. |
Britons put pensions before propertyYoung Britons are putting pensions ahead of property. |
Three in five under-prepared for retirementThree people in five are not financially ready for retirement, new research shows. |
Women facing poverty in retirementDespite plans to massively reform the UK pensions system, many women are still facing poverty in retirement. |
Pensions crisis not avoided yetThe government faces many hurdles if it is to avoid a pensions crisis, a report out today from a leading pensions provider reveals. |
Financial advice key for a rich retirementThe majority of people who take financial advice before leaving work have a comfortable retirement - while most of those that do not bother end up cutting back to afford to live on their pension. |
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