New research suggests that the average working adult in the UK plans to start taking benefits from their private pension from the age of 62, several years before the state pension kicks in at 67. State pension age in the
Recent research suggests that people who do not take financial advice were overconfident in their own financial planning abilities and could miss out on the tangible and intangible benefits that advice delivers.
Recent research suggests that one-third of adults have no idea of their saving levels and couples who would normally be considered solvent have no idea how much they would have to live on when they retired.
Recent figures from the Office for National Statistics (ONS) indicated that there are almost five million people in self-employment; however, research has suggested that this could have a major impact on millions of people’s pension savings.
New research suggests that individuals aged over 55 who have been able to do what they want with their pension pots, including drawing down up to 25 per cent of their funds tax-free, are doing so at ‘unsustainable rates’.
A recent report that compares 37 retirement systems across the globe has given the UK pension system a C+ and ranked it 14th in the world because, although it scores high on integrity, it is low on adequacy and sustainability.
New figures from HM Revenue & Customs (HMRC) show that pensions tax relief will cost the Government almost £40 billion this year, which is an increase of more than £2 billion on last year.
Former Pensions Minister Steve Webb has called on recently retired women who paid the so-called ‘married woman’s stamp’ in their early career to check their state pension income and ensure they are getting their full entitlement, which could be worth
The Department for Work and Pensions (DWP) is writing to more than 363,000 British expats who have retired and are now living in the European Union to reassure them that their state pension will still increase in the event of
A recent report suggests that savers in defined contribution (DC) pension schemes are missing out on higher returns because there is a lack of investment opportunities for the schemes.