Retirement
Retirement savings reach an eight year lowAlmost a quarter of adults in the UK are failing to save for their retirement, a new survey from Scottish Widows reveals. |
2012 babies won't receive state pension until age 77, says PwCA new report says that increased life expectancy means that babies born in 2012 should expect to work until they are 77 and there children won't receive state pension until aged 84. |
Long term care costs to reach £38bn a year by 2025The annual cost of long term care in the UK is expected to increase to £33,000 per person by 2025, a new report reveals. |
Basic state pension rises to £107.45 a weekThe basic state pension has risen by £5.30 or 5.2 per cent to £107.45. The increase is based on the level of the consumer prices index in September 2011. |
Public sector pensions link will switch from RPI to CPITrade unions have lost a high court appeal against the government's decision to switch the inflation link governing the rise of public sector pensions from RPI to the lower rate of CPI. |
Better tax-efficient pensions awareness ‘would boost saving’A deeper understanding of tax efficient pension plans could encourage people to save more for retirement, according to a new study. |
Pension tax relief set to be cut again in next week's budgetPension tax relief could be cut again in next week's budget as the coalition tries to fund increasing the personal income tax allowance. |
Nationwide unveils new annuity serviceNationwide is going head to head with the UK's high street banks by launching a new annuity service, offering plans from six major providers. |
Poor pension choices ‘could mean years longer at work’High pension charges and wrong annuity choices could drastically reduce potential pension income, a report for the National Association of Pension Funds warns. |
What will happen to annuity rates in 2012?If you are planning to retire in 2012 then scoring the annuities market and selecting an annuity using the open market option is vital, says Kate Saines. |
Gold may be a better investment than a pension for retirementIncreasing life expectancy means we will all have to work longer but savvy investments could enable you to shave off the extra years work and retire at 65. |
Prudential study finds 25% of new pensioners retire in debtRetirees could be losing large amounts of their monthly income because they are struggling to pay off debts. |
Annuity rates fall by 8% in 2011 hitting retirement incomesA report by Prudential reveals that annuity rates fell by eight per cent in 2011 meaning that the annual income that can be bought with a lump sum has dropped sharply. |
How to protect your retirement incomeChoosing to buy an annuity through the open market option is one way of getting a better deal for your retirement. Kate Saines explains how to get the most out of your pension. |
Dr Ros Altmann and Andrew Dilnot discuss funding for care in the UKDr Ros Altmann from Saga interviews Andrew Dilnot, author of the Dilnot Commission report into the funding of retirement care in the UK about how reforms can be implemented. |
HSBC hit by £10.5m record FSA fine for mis-selling to elderlyHSBC has been fined £10.5 million by the Financial Services Authority (FSA) for mis-selling investment bonds to elderly customers living in retirement homes. |
Halifax research shows women in south-east save most in UKThere are big differences in savings throughout the UK, Halifax research has shown. |
Government could delay auto-enrolment pension reformsThe government is considering delaying the introduction of auto-enrolment in October 2012 as the economy is so weak employers and employees can't afford it at the moment. |
'Hippies' using property rather than pension to pay for retirementThe number of over-50s deciding to rely on the value of their property to pay for their retirement has risen sharply in the last year, new research has found. |
Live Webcast: Long-term savings: Are we saving enough?Put your questions to Vanessa Owen from LV= and Dean Mirfin, from Key Retirement Solutions on Weds 28th September at 1pm for a live webcast on long-term savings. |
How to finance the perfect pension potIf you want to retire in reasonable comfort it pays to start saving as soon as you can afford it because that way you gain the benefits of compound interest. |
More than a third of Brits have no pensionPension provision is severely lacking in the UK – especially among the young. |
Live Webcast: How to prepare for retirementJoin Ian Naismith from 1pm on Thursday June 16th as he deciphers the latest Scottish Widows Pensions report. Put your questions on preparing for retirement to him in advance using the form below. |
Inhibited inheritances as retiring Brits feel the squeezeRetirees this year face the prospect of being unable to leave anything to loved ones in their wills. |
Live Webcast: How to tackle retirementJoin Ray Chinn, head of pensions at LV= and Anna Sofat, an independent financial adviser from Addidi from 1pm on Wednesday May 25th for a live webcast to discuss how the new retirement rules work. |
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