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Pensions and Retirement News

Will You Spend Less in Retirement Than You Think?
Source: Yahoo Finance - 18th November 2017
If you, or your adviser, are using retirement software to determine your recommended spend rate in retirement, it is highly possible that the projections are inaccurate.
‘Reality check’ calls for UK state pension scheme to be overhauled
Source: Sunday Post - 18th November 2017
A report by the Reform Scotland think-tank said population projections, which show a significant increase in the number of pensioners over the next 25 years, should serve as a “reality check” to all parties.
Sunnier climes and a brighter financial outlook: Would emigrating be better for your money?
Source: Indpendent - 18th November 2017
Can’t afford a house? Worried about the cost of retirement? Wish you could live on less? Maybe emigrating is your best bet
Pension rights are a form of wealth, for most people ranking alongside their home as one of their two greatest assets
Source: This Is Money - 18th November 2017
One of the most depressing, but sadly also most predictable, stories of the week was the way in which Port Talbot steel workers were being fleeced by pension sharks.
Britain's jobs boom fuelled by older workers with nearly ten MILLION over 50s working
Source: Express - 18th November 2017
OLDER workers are fuelling Britain’s jobs boom with nearly ten million people aged over 50 in employment, official figures have revealed.
Budget 2017 preparations: What it might mean for your personal finances
Source: Independent - 18th November 2017
With Philip Hammond having so little room for manoeuvre in Wednesday’s Budget, should you be concerned about the impact on your finances?
Equity release lending hits new high despite uncertain housing market
Source: Financial Reporter - 18th November 2017
The number of homeowners releasing equity from their properties hit a new high in October, despite the issues facing the wider UK housing market
Here's How Boomer Women Are Thriving In Retirement
Source: Forbes - 17th November 2017
Should I stay or should I go? It’s a conundrum for many boomer women. You’ve spent your adult life building a long and fulfilling career,...
Treasury committee told to scrap higher rate pension tax relief
Source: FT Adviser - 17th November 2017
Tax relief on pensions is in need reform in order to increase Britain's savings ratio, MPs have been told, as they kick off a wide-ranging inquiry into how to improve the financial health of the nation.
Brexit could change retirement attitudes
Source: Pensions Expert - 17th November 2017
Economic turmoil induced by the UK’s exit from the EU might tempt savers to draw from their retirement pots sooner, according to Gina Miller, founding partner at wealth manager SCM Direct.
Pension transfer 'wrong for 85% of British steelworkers'
Source: FT Adviser - 17th November 2017
Advice firm Montfort International is estimating that only 15 per cent of the British Steel Pension Scheme (BSPS) members who are currently under pressure to decide what to do with their retirement nest egg should transfer out their defined benefit pension.
Are we facing an economic Armageddon?
Source: Business Weekly - 17th November 2017
On 22 November the Chancellor of the Exchequer will stand up to deliver his second Budget of 2017 and perhaps this time the Chancellor might need a stiff drink,...
Obsession with home ownership 'crowding out' pension saving
Source: Professional Adviser - 17th November 2017
Policy pushes and the public's desire to own a home is resulting in a 15% reduced private pension income at retirement, research has suggested.
Government spent £18m on Pension Wise adverts
Source: FT Adviser - 17th November 2017
The government has spent £17.8m on advertising Pension Wise since 2014, minister for pensions and financial inclusion Guy Opperman revealed.
Pensioners opt for financial advisers over Pension Wise
Source: International Adviser - 17th November 2017
Consumers entering income drawdown are three times more likely to seek professional financial advice than they are to use the government’s free Pension Wise service, according to new research by AJ Bell.
The £715m pension pot fees bonanza: Savers' nest eggs at risk as sharks cash in on our retirements
Source: This Is Money - 17th November 2017
Pension advisers have pocketed £715million by persuading savers to give up their guaranteed income in retirement.
Retirees now a major part of the expatriate demographic
Source: Emigrate - 17th November 2017
Retiring overseas is now an accepted ritual for senior citizens from both the UK and the USA.
Royal Mail gets £91m tax credit from closing its pension scheme
Source: Evening Standard - 17th November 2017
Royal Mail risked infuriating postal workers further on Thursday when it revealed it had booked a £91 million tax credit following the closure of its generous pension scheme.
The over 50s can significantly lower their risk of dementia by exercising regularly
Source: Mail Online - 16th November 2017
Staying active in later life could protect against dementia, as frail older people more than triple their risk of the disease.
Regulator admits scale of pension scams is unknown
Source: FT Adviser - 16th November 2017
The real value of pensions being taken by scammers in unknown, as The Pensions Regulator and other enforcement agencies don’t know how much money has been lost in these frauds.
Millions of over-50s rely on inheritance or downsizing to fund retirement as they enjoy middle age rather than save into pensions
Source: This Is Money - 1th November 2017
A large proportion of older workers expect to prop up their retirement funds with an inheritance or by downsizing their property as many find it hard to save after 'essential' expenses are covered.
Retirement planning should include long-term care costs
Source: Mail Online - 15th November 2017
Many Americans have a blind spot when it comes to retirement planning: long-term care costs.
Millions of over-50s rely on inheritance or downsizing to fund retirement as they enjoy middle age rather than save into pensions
Source: This Is Money - 15th November 2017
A large proportion of older workers expect to prop up their retirement funds with an inheritance or by downsizing their property as many find it hard to save after 'essential' expenses are covered.
Older workers are gambling away their financial futures
Source: Express - 15th November 2017
RETIREMENT is increasingly a lottery with millions of older workers pinning their hopes on downsizing, an inheritance or hitting a prize jackpot to fund their final years.
Millions to miss out on the chance to see if their state pension is correct
Source: Which - 15th November 2017
HM Revenue and Customs (HMRC) has reversed a decision to show millions of people how their state pension is calculated, potentially keeping them in the dark about whether or not the amount they are getting is correct.
BT pension changes branded 'slap in the face'
Source: FT Adviser - 15th November 2017
BT is planning to close its defined benefit (DB) pension scheme to managers and offer lower contributions for front-line staff as part of changes which have been branded “a slap in the face” by union leaders
Planning for a successful expat retirement overseas
Source: Emigrate - 14th November 2017
Retiring overseas can be challenging, scary, invigorating, fascinating and fun – often all at once until you’ve got used to your new environment.
Pre-retirees expect to be worse off
Source: Moneyfacts - 14th November 2017
Approaching retirement can be an incredibly exciting time, but if you don't have the right pension provision in place, it can be daunting as well.
Is It Time to Retire Retirement or Just Redefine It?
Source: Brink News - 14th November 2017
Call it the “Longevity Boom.” As world poverty falls and wealth expands, our life expectancy has more than doubled in the course of a few generations.
The big financial milestones of life: Retiring
Source: The Guardian - 14th November 2017
Retiring comfortably requires planning and the sooner you start taking control of your finances the better placed you will be to make the most of your post-work life.
Pensions regulator seeks first criminal charges for dodging auto-enrolment
Source: Money Marketing - 14th November 2017
Pensions regulator seeks first criminal charges for dodging auto-enrolment
Freedom of choice is ‘no guarantee of a better pension’
Source: IPE - 14th November 2017
Allowing workers to pick their own pensions provider does not automatically lead to a better pension, according to research by Dutch pensions think-tank Netspar.
Paying off your mortgage in your 50s could boost your pension by £200,000
Source: Moneywise - 14th November 2017
Getting your mortgage paid off while you are still in your 50s could see disciplined savers boost their pension pots by £200,000 or more,...
Nationwide shows pensions’ future needn’t be a grim one
Source: The Guardian - 13th November 2017
British pensions, as we reported recently, are among the grimmest in the developed world.
Spend your pension pot last! We reveal the order to use savings in retirement to defend your cash from the taxman
Source: Mail Online - 13th November 2017
Hoard your pension and spend other available cash and investments first, to keep your money out of the taxman's clutches.
Expats and pensioners in Europe facing loss of valuable tax breaks
Source: Emigrate - 12th November 2017
Expats living and working in the Netherlands and Portugal have been enjoying valuable tax breaks on their earnings, but tax system shake-ups in both countries may mean the end of the perks.
Live home and away with lock-up-and-leave retirement apartments
Source: Express - 11th November 2017
IT is no wonder lock-up-and-leave retirement apartments are so popular – over-65s take 60 per cent more holidays than the average person working full time.
Half of women financially unprepared for retirement
Source: FT Adviser - 11th November 2017
Half of female workers feel financially unprepared to face retirement, compared to around a third of male employees, due to the gender savings gap
The 90,000 savers who could get payouts worth thousands after Pru and Standard Life were ensnared in annuity mis-selling scandal
Source: Mail Online - 10th November 2017
Some 90,000 pensioners could get thousands of pounds each in compensation after watchdogs caught Prudential and Standard Life mis-selling annuities to ill people.
Older workers admit 'retirement envy' over finances of generation above
Source: AoL - 10th November 2017
Half of people approaching retirement admit being envious of the financial situation of the generation above them, a survey has found.
It's sew nice to still work in retirement years
Source: Daily Record - 10th November 2017
Rowena is enjoying a new lease of working life by founding her neckwarmers business after ‘retirement.’
Frozen pensions protest group appeals to UK lawmakers yet again
Source: Emigrate - 10th November 2017
As British expats living in a number of countries outside the EU are getting older, more and more are finding themselves trapped in ‘pension apartheid’.
51% of women feel financially unprepared for retirement
Source: Employee Benefits - 10th November 2017
More than half (51%) of female employee respondents feel financially unprepared for their retirement, compared to 35% of male respondents, according to research by Close Brothers Asset Management and the Pensions and Lifetime Savings Association (PLSA).
Gender savings gap leaves half of female workers feeling financially unprepared for retirement
Source: Business Matters - 9th November 2017
More than half of female employees admit to feeling financially unprepared for their retirement, according to new research.
The 90,000 savers who could get payouts worth thousands after Pru and Standard Life were ensnared in annuity mis-selling scandal
Source: This Is Money - 9th November 2017
Some 90,000 pensioners could get thousands of pounds each in compensation after watchdogs caught Prudential and Standard Life mis-selling annuities to ill people.
Call for council pension funds to stop investing in fossil fuel companies
Source: Evening Express - 9th November 2017
Scottish council pension funds have invested £1.8 billion in fossil fuels, according to new analysis by Friends of the Earth
Over-50s discounts: how to save on rail, shopping and more
Source: Which - 9th November 2017
Discover the discounts available for people aged 50 and over in the UK
Baby boomers warned over drinking as alcohol-linked deaths in over-50s soar
Source: The Guardian - 9th November 2017
Last year there were 5,208 deaths of people aged 50-plus wholly attributable to alcohol, compared with 3,582 in 2001
Retirees who snub annuities will have to make their pension pot last their full retirement
Source: Express - 8th November 2017
RETIRED people who snub annuities are having to learn a new skill: making their pension pot last their full retirement.
Self-employed could get £75k pension boost
Source: FT Adviser - 8th November 2017
Gig economy workers could see their pension pot increase by up to £75,000 if auto-enrolment was extended to them, research has suggested
Retirees in this 'best city to retire' don't come for the weather
Source: Yahoo Finance - 8th November 2017
When it comes to retirement, there's nothing more important than sand and sun, right? Wrong — especially if you're looking for one of the "best" places to retire.
NHS eyes pension changes for unmarried partners
Source: FT Adviser - 8th November 2017
The Department of Health is proposing changes to the National Health Service (NHS) Pension Scheme, which will allow unmarried or cohabiting partners to claim survivor pensions without being nominated
How to invest in retirement: What you should do to get the best income and keep your pension pot intact
Source: This Is Money - 8th November 2017
People typically invest for all-out growth to maximise retirement pots during their working years, whatever kind of workplace or personal scheme they belong to.
Stat of the month: £500,000 required for comfortable retirement
Source: Moneywise - 8th November 2017
Half a million pounds is the amount working adults reckon they will need to live comfortably in retirement, according to research from financial services provider One Family.
'We will never retire': Number of working Scots over 65 'set to treble'
Source: Herald Scotland - 8th November 2017
THE cost of retirement has become so unaffordable that the number of Scots workers over 65 is expected to treble.
‘The bomb has already gone off’: Julie Lord on the future of pension freedoms
Source: Money Marketing - 8th November 2017
Prominent financial planner Julie Lord has used a speech at the Personal Finance Society’s Festival of Financial Planning to warn that, without financial education, the pension freedoms will end up hurting consumers and the advice community.
36% of employers think pension freedoms have impacted on how employees retire
Source: Employee Benefits - 8th November 2017
More than a third (36%) of employer respondents think that the pension freedoms have had an impact on how employees are choosing to exit the workplace, according to research by Barnett Waddingham and Standard Life.
Gender pensions gap widening in UK, research shows
Source: Director - 8th November 2017
A new report has revealed that the gender pensions gap between women and men investing in personal pensions has widened by 16 per cent over the past five years.
Stat of the month: £500,000 required for comfortable retirement
Source: Moneywise - 8th November 2017
Half a million pounds is the amount working adults reckon they will need to live comfortably in retirement, according to research from financial services provider One Family.
Self-employed could get £75k pension boost
Source: FT Adviser - 8th November 2017
Gig economy workers could see their pension pot increase by up to £75,000 if auto-enrolment was extended to them, research has suggested
What every woman needs to know about retirement by the time she’s 30
Source: Yahoo Finance - 8th November 2017
After the turmoil of your quarter-life crisis has settled, and you’ve finally regained what feels like some semblance of control over your life, you may start considering things like career advancements and retirement.
Astonishing 5million Brits set to miss out on £1,500 a year, every year, for life thanks to a single "blind spot"
Source: Mirror - 8th November 2017
A gap in the way the rules work means millions of Brits will lose out by £1,500 a year when it's time to stop working thanks to the nature of their jobs - the problem and whether it can be fixed
Gig economy's expansion could mean pensions crisis for millions of workers, report warns
Source: Independent - 8th November 2017
Zurich said a shake-up is needed to reduce the risk of a gig economy long-term savings crisis, which would include expanding automatic enrolment into workplace pensions
Steve Webb: Hammond won’t keep his hands off pension tax honey pot
Source: Money Marketing - 7th November 2017
With his balance sheet under serious pressure, the prospect of raiding pension tax relief again in the Budget will be too hard to resist
'Highway robbery': advice fees criticised in freedoms inquiry
Source: Citywire - 7th November 2017
We rounded up a few of the most recent responses to the Work and Pensions Committee's pension freedoms inquiry.
Can I leave the British Steel pension scheme? Steve Webb explains the options open to current and retired workers
Source: Mail Online - 7th November 2017
Can I leave the British Steel pension scheme? Steve Webb explains the options open to current and retired workers
Essential considerations before retiring overseas
Source: Emigrate - 6th November 2017
Retiring overseas is now a realisable dream for many but, dependent on your chosen location, getting there successfully will involve considering a number of practicalities before you depart.
Internet is the most popular source for retirement advice
Source: Your Money - 6th November 2017
The over 50s continue to research retirement information online with trust and cost remaining barriers to seeking professional financial advice, a report reveals.
£100,000 pension pot? How to avoid being penniless at 80
Source: The Guardian - 6th November 2017
If you’d taken 7% a year from the year 2000 the cash would have run out by 2014. So what can you do?
1 in 3 equity release customers use property to clear debts
Source: Financial Reporter - 6th November 2017
New figures from Retirement Advantage reveal that a third of equity release customers are unlocking wealth from their properties to clear debts,...
Pensions: divorced women missing out on £5 billion a year
Source: Which - 6th November 2017
Pension savings are often overlooked during a divorce settlement, especially by women.
A Year-End Checklist for Retirees
Source: Morning Star - 5th November 2017
As I write this, I'm sipping a Thanksgiving Blend from one of the new Starbucks holiday cups, and workers are setting up the Christkindlmarket in Daley Plaza outside of Morningstar headquarters.
£5bn pension inequality is sexism, too
Source: This Is Money - 5th November 2017
Horror stories of sexism in the corridors of power and in Hollywood are one thing. But the all-pervading scourge of inequality is hitting women hard in their pockets as well – no more so than following divorce.
Equity release soars 48% among elderly homeowners with a third using it to clear their mortgage or consolidate debts
Source: This Is Money - 4th November 2017
One in three homeowners taking a lifetime mortgage in retirement uses the money to pay off their mortgage or consolidate their debts.
Save three times your salary before you’re 40 to retire? That’s absurd advice
Source: The Guardian - 3rd November 2017
How much should you be saving – and have banked already – for your retirement? Listen to the financial industry, and the answer is an awful lot more than you probably have.
How will the interest rate rise affect your pension? What it means for annuities, work schemes and the state pension
Source: Mail Online - 3rd November 2017
People with money stashed in savings will welcome yesterday's interest rate hike to 0.5 per cent, but the move could have different implications for their pension cash.
MP calls for U-turn on key pension freedoms rule
Source: FT Adviser - 3rd November 2017
The chair of the influential work and pensions select committee has called for the creation of a minimum income requirement for people to be able to withdraw all of their retirement fund via pension freedoms,...
Why You Need to Take Control of Your Retirement Right Now
Source: Yahoo Finance - 3rd November 2017
If you're a Baby Boomer who's talking to your parents or an older friend about retirement worries, you'd better tread lightly.
BT RINGS PENSION CHANGES BT to consult 65,000 staff over future changes to pension schemes to tackle £9billion black hole — including raising the retirement age
Source: The Sun - 3rd November 2017
The telecoms giant pension scheme was over £9billion in deficit at their last valuation three years ago
Pensions and divorce: Women missing out on £5 billion every year
Source: Moneywise - 3rd November 2017
Women going through divorce could be missing out on up to £5 billion every year because they don’t discuss pensions during the process.
Thousands of BT staff face having retirement nest eggs cut as chief executive Gavin Patterson moves to rein in firm’s pension scheme deficit
Source: This Is Money - 3rd November 2017
Thousands of BT staff face having their retirement nest eggs cut as chief executive Gavin Patterson moves to rein in the firm’s pension scheme deficit.
The perils of the pension pot draw down
Source: The Irish News - 3rd November 2017
Do you have a sports car that's worth more than your house?
No? Then former Chancellor George Osborne, and his former Pensions Minister Steve Webb, will be disappointed.
Lords want default guidance for pension savers
Source: Pensions Expert - 3rd November 2017
The House of Lords added more pressure to the government on Tuesday as a Liberal Democrat-led amendment to the Financial Guidance and Claims bill was passed by 283 to 201 votes.
Britain’s C-grade pension system
Source: Moneyweek - 2nd November 2017
There is not a single country in the world that has a “first class” pension system, according to the Melbourne Mercer Global Pension Index.
Interest rates rise: Pensions and savers joy - banks saving rates LISTED
Source: Express - 2nd November 2017
PENSIONERS and savers have welcomed the Bank of England’s decision to increase interest rates for the first time in a decade.
Altmann: insurers 'pretending' to pass people to Pension Wise
Source: Citywire - 2nd November 2017
Insurers are pretending to pass clients along to the government's guidance service, and using their own service to 'capture' people, says former pensions minister Ros Altmann.
Young man who married his 91-year-old great aunt fighting legal battle to claim her pension
Source: Independent - 2nd November 2017
'She wasn’t an expert when it came to the law and she wanted to be sure there were no legal problems with our marriage'
Interest rates rise: Pensions and savers joy - banks saving rates LISTED
Source: Express - 2nd November 2017
PENSIONERS and savers have welcomed the Bank of England’s decision to increase interest rates for the first time in a decade.
REVEALED: This is the age British workers DREAM of retiring – but it might not be doable
Source: Express - 2nd November 2017
A poll of 2,000 Brits found that the majority planned to retire before they were eligible for the state pension.
Pension freedom retirees urged to reclaim tax
Source: Money Facts - 2nd 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.
Retirees lured by sky-high pension transfer values
Source: Your Money - 2nd November 2017
Bumper pension scheme transfer values are encouraging individuals to trade a safe retirement income for a chunky lump sum, potentially leaving them short of cash in retirement.
Twitter is totally freaking out about the terrifying maths of retirement
Source: City A.M. - 2nd November 2017
Retirement. One of those things that you file away in the back of your head a bit like cleaning behind the fridge - it's something you know you should be working towards in life,...
One in four people return to work after retirement to top-up their pension
Source: The Sun - 2nd November 2017
A record number of people are returning to work within five years of retirement because they want to 'boost their social life'
Divorced women suffer £5bn pension hit every year
Source: FT Adviser - 1st November 2017
Divorced women are missing out on £5bn in pension payments every single year, according to research from Scottish Widows
Five million in their 50s ready to work past pension age and 300,000 NEVER want to retire
Source: Express - 1st November 2017
MILLIONS of workers in their fifties plan to work on past their retirement age, according to a new report.
The rise of the 'silver splitters': Why more married couples than ever are calling it quits when they reach their fifties
Source: Mail Online - 1st November 2017
If you're part of an older married couple, there's every likelihood at this stage you're both planning for a comfortable retirement – together.
Home owners in UK continued to be drawn to equity release as numbers soar
Source: Property Wire - 1st November 2017
The number of new equity release plans from home owners in the UK increased by 34% in the third quarter of 2017 as lending passed £800 million in a single quarter for first time.
Half of people aged 40-64 can't afford to retire
Source: Homecare - 1st November 2017
Half of workers aged 40-64-years-old say they are unable to stop work and retire, when they reach the state pension age because they can't afford it.
Retirement incomes still 27% lower than 2008 level
Source: Moneyfacts - 1st November 2017
A new report by Moneyfacts has revealed that while the total amount of money being saved into personal pensions may now have surpassed the pre-financial crisis high, the retirement incomes that are being delivered are still 27% lower than in 2008,...
Ready for the golden years? 8 facts on retirement savings
Source: Mail Online - 30th October 2017
Americans planning for their golden years got a few more grey hairs last week when Washington floated the idea of curtailing the tax-deferred contributions that workers make to their 401(k) accounts.
Pension pressure on Generation X as forty-somethings are set to live three years longer than baby boomers
Source: This Is Money - 30th October 2017
The line between work and retirement is becoming increasingly blurred as many Generation X Britons are likely to live longer and healthier lives than baby boomers, new research shows.
Retirement SHOCK: Millions plan on working AFTER they turn 65
Source: Express - 30th October 2017
MILLIONS of workers in their fifties plan to work on past their retirement age, according to a new report.
Will the Social Security 'tax torpedo' blow up your retirement?
Source: Yahoo Finance - 30th October 2017
Social Security may be a long-awaited retirement perk, but it's not without its headaches and complications. (It is, after all, a government program, so that shouldn't come as a complete surprise.)
Savers should only take pension yield to maintain savings
Source: FT Adviser - 30th October 2017
Savers drawing as little as 5 per cent from their pension since the turn of the millennium would have just less than half of their retirement savings left, Hargreaves Lansdown has warned
TUC demands protection from pension roulette
Source: FT Adviser - 30th October 2017
A typical worker could be £5,000 a year worse off in later life if they retire after a bad year for pension funds rather than in a good year, according to research
NHS pension makes nearly £100m of overpayments
Source: Citywire - 30th October 2017
The NHS has made pension overpayments worth nearly £100 million since 2012, a minister has revealed.
UK pensions ‘among worst in developed world’
Source: The Week - 30th October 2017
British pensions are some of the worst in the developed world, according to a UBS report which compares the retirement prospects for 50-year-old women in major cities worldwide.
Caution is needed over equity release schemes - EXPRESS COMMENT
Source: Express - 30th October 2017
EQUITY release schemes (also known as lifetime mortgages) offer older home owners security and a source of funds with which to enjoy their retirement.
The tax downsides of the new pension freedoms allowing Britons to withdraw £15m a day
Source: Express - 29th October 2017
BRITONS have seized on their new pension freedoms to withdraw an incredible £15 million from their pots every single day, but fears remain that the bonanza could backfire.
In numbers: why 8% pension contributions are not enough
Source: Citywire - 29th October 2017
The introduction of auto-enrolment was a bold and much-needed step to promote a broader culture of saving in the UK. But it needs to go further.
Almost half of Scots over 40 'cannot afford to retire'
Source: BBC - 29th October 2017
Nearly half of Scots aged 40 to 64 believe they will not have enough money to retire when they reach state pension age, a survey has suggested.
Pension freedom has triggered a crimewave, delay in action is simply not good enough
Source: This Is Money - 29th October 2017
Pension freedom has been with us for two and a half long years. The brainchild of former Chancellor George Osborne it has revolutionised the way people take income from their pensions.
Former HSBC employees fight clawback of pension income
Source: The Guardian - 29th October 2017
HSBC announced profits of almost £8bn for the first half of 2017, so why is it penalising former employees by taking away some of their pension cash?
Timebomb as 57% of carers ready to retire
Source: Press and Journal - 29th October 2017
Aberdeen is facing a care timebomb with most carers aged over 50 and facing retirement, according to a new report.
Half of all UK workers won't have enough money to retire at state pension age
Source: City A.M. - 29th October 2017
Half of workers in the UK won’t have enough money to retire when they reach state pension age, according to research by Age UK
(Grand)parents owed an average of £12,700
Source: Moneyfacts - 29th October 2017
New research has revealed that parents and grandparents who have lent their (grand)children money are owed an average of £12,700 as a result – and many will never see that money again.
Charity urges 'career MOT' at 50 to prepare for retirement
Source: AoL - 27th October 2017
Half of workers aged between 40 and 64 do not expect to have enough money to retire when they reach state pension age, according to a new report.
Nearly half of Scots between 40 and 64 will never afford to retire
Source: Daily Record - 27th October 2017
Almost half of Scots aged 40-64 will not have enough money to retire when they reach state pension age, a survey suggests.
PENSION CRISIS: Eight million workers too poor to retire
Source: Express - 27th October 2017
UP TO eight million workers are likely not to have enough money to retire when they reach state pension age, a report reveals.
Half of retirees in drawdown fear running out of money
Source: FT Adviser - 26th October 2017
Almost half of retirees that have started to take flexible withdrawals from their pension are worried about running out of money, according to research
REVEALED: New pensions investment to rival Bitcoin available to boost retirement pots
Source: Express - 26th October 2017
PENSIONS have made the step into the digital age with the creation of funds that track cryptcurrencies as the likes of Bitcoin and Ethereum continue to grow.
Ideal age for people to retire is revealed and here's five reasons why it could work
Source: Insider - 26th October 2017
A poll found most workers wanted to quit their jobs at 57 but many added they would only semi-retire to boost their incomes - a move which one pensions advice specialist said was a 'realistic option'
Altmann: six steps to solve UK pension problems
Source: Citywire - 26th October 2017
Former pensions minister Ros Altmann sets out what she thinks should be in the FCA's pension strategy.
Government announces plans for disclosure of pension costs and charges
Source: GOV.UK - 26th October 2017
Pension schemes will for the first time be compelled to publish the fees they charge their members for investing their pension, under proposals announced today.
£1.59bn withdrawn from pension pots in third quarter
Source: Your Money - 26th October 2017
The latest HMRC data shows that demand for pension freedoms continues to grow, with 198,000 people making withdrawals totalling £1.59bn from their pension pots in the third quarter of 2017.
Drawdown sales hit post-pension freedoms high
Source: FT Adviser - 26th October 2017
Drawdown sales have reached their highest level since pension freedoms were introduced, according to data from HM Revenue & Customs
SCRAP THE MADNESS: Hammond's plot to CUT tax relief on pensions for older workers SLAMMED
Source: Express - 26th October 2017
SLASHING government reliefs on pension contributions for older workers to pay for cuts to National Insurance for the young is incoherent and damaging, say industry experts.
Pensioners 'blow savings on booze and gambling then fall back on state'
Source: Mail Online - 25th October 2017
MPs have been told pensioners are splurging savings on alcohol and gambling before falling back on the State for help.
PENSION TAX SCANDAL: Retirees face being 'over-taxed by a massive £100 MILLION'
Source: Express - 25th October 2017
PENSION savers are likely to be over-taxed by a massive £100 million this year under a "tax first, question later" approach by the Treasury.
Drawdown sales hammer annuities
Source: International Adviser - 25th October 2017
There has been a dramatic move away from annuities to income drawdown following the pension freedoms, data published by the Financial Conduct Authority shows.
Homeowners told to start later-life planning at 40
Source: FT Adviser - 25th October 2017
People should be starting to think about moving into retirement accommodation in their 40s rather than later in life, experts have claimed
Emigrating UK retirees warned over new trick on pension scammer sites
Source: Emigrate - 25th October 2017
British retirees looking to emigrate are being warned pension fraudsters are lifting official scam alerts and inserting them in their web pages in an attempt to portray themselves as legitimate advisors.
YOUR MONEY-Old-fashioned retirement advice still works
Source: Reuters - 25th October 2017
What is the best way to boost savings in workplace retirement plans?
This couple went from workaholics to early retirees in six years
Source: Market Watch - 25th October 2017
Six years ago, Tanja Hester and her husband, Mark Bunge, decided to get serious about saving for retirement.
Retirees who cash in their pension... and blow it on alcohol and gambling: Fears some are exploiting new rules allowing over-55s to take their money
Source: Mail Online - 25th October 2017
Fears were raised last night that some retirees are splurging their pensions on alcohol and gambling binges before falling back on the state for help.
Stealing YOUR pension? Older workers face HUGE 20 per cent CUT in Hammond's latest plot
Source: Express - 24th October 2017
CHANCELLOR Philip Hammond is considering slashing pension tax relief for older workers to fund a wave of cuts for those in their 20's and 30's, according to insiders.
We can’t hang around creating a pensions dashboard, we need to help savers now, says retirement firm boss
Source: This Is Money - 24th October 2017
A pensions dashboard that would allow people to easily pull their retirement pots together has long been promised but is still yet to appear.
Cold calling scammers get more time to con emigrating retiree
Source: Emigrate - 24th October 2017
Financial fraudsters are stepping up their efforts to con would-be expats out of their pension savings as the UK government’s cold-calling silencing plan is put on the back burner.
Altmann tells MPs 'make Pension Wise guidance mandatory'
Source: FT Adviser - 24th October 2017
Former pensions minister Baroness Ros Altmann is calling for Pension Wise guidance to be made mandatory before people are allowed to withdraw money from their pension, according to her submission to the Work and Pensions Committee inquiry on pension freedoms
Higher retirement plan contributions needed, conference speakers say
Source: Pensions & Investments - 24th October 2017
Plan executives and regulators must engage more with participants to encourage increased employee contributions to retirement savings plans, panelists said at an industry conference in Manchester, England.
Retirees who cash in their pension... and blow it on alcohol and gambling: Fears some are exploiting new rules allowing over-55s to take their
Source: Mail Online - 24th October 2017
Fears were raised last night that some retirees are splurging their pensions on alcohol and gambling binges before falling back on the state for help.
'It's a scandal': How to claim back your cash if you've unfairly been taxed on your pension
Source: Mirror - 24th October 2017
More than £100millon in unfair tax will be siphoned out of people's pensions this year alone according to new figures - but you can claim it back
Spend it while you can! Americans are retiring later at closer to 67 and dying sooner, new study finds
Source: Mail Online - 24th October 2017
Spend it while you can! Americans are retiring later at closer to 67 and dying sooner, new study finds
Making tax reform hurt retirement savers is 'politically dumb,' says Cato Institute's Chris Edwards
Source: Yahoo Finance - 24th October 2017
Making tax reform hurt retirement savers is 'politically dumb,' says Cato Institute's Chris Edwards
Women in top paying jobs 38% poorer than male colleagues when they reach old age, says study
Source: Independent - 24th October 2017
UBS Wealth Management looked at the financial situation of high earning men and women over their lifetimes
Americans Are Retiring Later, Dying Sooner and Sicker In-Between
Source: Bloomberg - 24th October 2017
The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.
Pension Wise prompts half of customers to seek advice
Source: FT Adviser - 24th October 2017
Some 49 per cent of customers looked for advice after having a Pension Wise appointment, new research shows
UK pensions system falls four places in world rankings
Source: Professional Pensions - 24th October 2017
The UK's ranking has dropped to 15 in the Melbourne Mercer Global Pension Index (MMGPI) despite the country attaining a better score than last year.
Pay gap to affect high-earning women's retirement lifestyle - study
Source: Reuters - 24th October 2017
Young women with a well-paid job in the developed world will be almost 40 percent poorer than their male colleagues by the time they reach old age, as the pay gap limits women’s ability to invest over time, a study said on Monday.
The government thought they'd get away with taking our pensions because we're women - they were wrong: My Wigan Pier Story
Source: Mirror - 24th October 2017
As part of our Road to Wigan Pier 2017 project, 80 years on from the publication of George Orwell's essay, pensions campaigner, Jan Fulster, explains why her generation are struggling - and fighting back
Budget 2017: will pensioners fund tax cuts for young adults?
Source: Which - 23rd October 2017
It’s believed the Chancellor of the Exchequer is keen to introduce measures to rouse this demographic, after failing to attract a high percentage of votes from them in the last election.
How to unlock the wealth tied up in your property
Source: Express - 23rd October 2017
AS INFLATION hits a five-year high millions of older people living on fixed incomes are facing a further financial squeeze.
The 4 Biggest Financial Threats to Your Retirement
Source: Yahoo Finance - 23rd October 2017
If you ask most retirees what their biggest concern is about retirement, the cost of healthcare is likely to be at the top of their list.
Pension fraud shock over fears UK shelling out millions in fake benefits to YEMEN
Source: Express - 23rd October 2017
IT IS a country on the verge of collapse, torn apart by war, famine and the world’s worst cholera outbreak.
Hammond should use an interest rate rise to unpick triple lock on pensions
Source: The Guardian - 23rd October 2017
The chancellor must act in the name of fairness to younger people, and the budget would be the perfect moment to do so
Women forced to work longer close in on pensions victory
Source: Sunday Post - 23rd October 2017
MOUNTING pressure is close to forcing ministers to help millions of women who have been forced to wait longer than expected to retire, campaigners claim.
Why I believe the Budget should overhaul pensions to make them simpler with flat rate tax relief
Source: This Is Money - 23rd October 2017
Although the Autumn Budget is still more than four weeks away, rumours are rife that the Chancellor is contemplating an overhaul of the tax incentives available to pension savers.
Pension sharks find new way to hoodwink savers: Plastering their own dodgy websites with anti-scam alerts pinched from official campaigns
Source: Mail Online - 21st October 2017
Pension fraudsters are cut-and-pasting official scam alerts onto their websites to dupe savers into thinking they are dealing with above board businesses, a watchdog group warns.
Lifetime mortgages help new generation of pensioners make most of retirement
Source: Express - 21st October 2017
LIFETIME mortgages help a new generation of pensioners make the most of their retirement.
Swimming pools, kids' menus and movies on request: How retirement homes are adding facilities that appeal to families and grandchildren
Source: Mail Online - 21st October 2017
The lunchtime menu includes sausage and mash with beans, followed by chocolate brownies with vanilla ice cream.
Smiths Group agrees 207 million pound pension scheme insurance deal
Source: Yahoo Finance - 21st October 2017
Engineering company Smiths Group said on Friday it had agreed a deal to insure 207 million pounds of its pension scheme with Canada Life.
One in three UK retirees will have to rely solely on state pension
Source: The Guardian - 21st October 2017
Survey by Financial Conduct Authority finds those aged over 50 are most at risk of a bleak financial future
OAPs need £10k to pay bills - but State Pensions only gives them THIS
Source: Express - 20th October 2017
PENSIONERS need £10,830 a year to pay the bills but the State Pension only pays £8,300.
Could Africa's pension funds be used for development?
Source: BBC - 20th October 2017
In the developed world, pensions are a pretty simple savings plan. But in Africa, not enough people are able to save for their retirement, there aren't many experienced fund managers,...
Old for young pension tax plan shunned by industry
Source: FT Adviser - 20th October 2017
Pension tax relief could be cut for older workers to fund tax cuts for the young in the next budget, as the government pledges to win-back the younger generation after the last election
It costs £10,830 a year to be a pensioner
Source: Moneyfacts - 20th October 2017
Being a pensioner can cost a lot more than many people think, so much so that the state pension probably won't even cover the basics.
Nest gives 'pensions sidecar' a test drive
Source: Citywire - 20th October 2017
Consensus in the pensions world at the moment is the government must mandate increased auto-enrolment contributions. The 8% default minimum in 2019 will still be well short of what is needed.
Baby Boomer Women Have a Big Retirement Problem Ahead
Source: Yahoo Finance - 20th October 2017
A lot of Baby Boomer women, now ages 53 to 71, are in an odd spot. Attitudes and expectations about what they hoped to accomplish with their finances aren't exactly matching up with reality.
How national retirement targets could boost savings
Source: Professional Pensions - 20th October 2017
The Pensions and Lifetime Savings Association (PLSA) believes national retirement income targets are needed to help savers understand whether they are putting away enough money for old age.
Pension sharks find new way to hoodwink savers: Plastering their own dodgy websites with anti-scam alerts pinched from official campaigns
Source: This Is Money - 20th October 2017
Pension fraudsters are cut-and-pasting official scam alerts onto their websites to dupe savers into thinking they are dealing with above board businesses, a watchdog group warns.
Millions Don’t Understand How Their Pensions Work
Source: iExpats - 20th October 2017
Tens of thousands of people are confused about their pensions and retirement savings according to an in-depth survey by a consumer watchdog.
DWP won't change pensions rules until 2020
Source: FT Adviser - 20th October 2017
There will be no new legislation on pensions in the next two years, revealed Charlotte Clark, director of private pensions and stewardship at the Department for Work & Pensions (DWP)
NEW “dashboard” will help you track your pension
Source: Express - 20th October 2017
A NEW “dashboard” to make it easier for savers to track their pensions has got the Government’s go-ahead.
Brits still heading to Portugal for sunny retirements
Source: Emigrate - 19th October 2017
In spite of Spain’s claim to fame as a hub for British retirees, Portugal’s appeal to older UK citizens is as strong now as it was decades ago.
How Britain has behaved since pension freedoms
Source: FT Adviser - 19th October 2017
Britain’s pensioners are moving their pots into drawdown in higher numbers now than before pension freedoms
The Chancellor hatches a plan for a pension raid on older savers to fund tax breaks for the young: How might it work and would the backlash be too great?
Source: This Is Money - 19th October 2017
The Government is reportedly keen to woo young voters who are struggling financially - perhaps by cutting their tax bills, or finding ways to write off student debt, or launching new measures to help them onto the housing ladder.
Calls for 'compare the market' pension costs
Source: FT Adviser - 19th October 2017
Investment costs paid by pension scheme members should be made easily comparable to achieve value for money for savers, according to the chief executive of The People’s Pension.
Middle aged Brits heading for retirement nightmare
Source: Moneywise - 19th October 2017
Middle aged Brits are failing to engage with pensions and risk an impoverished retirement, according to a new survey from the Financial Conduct Authority (FCA).
The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
Source: Bloomberg - 19th October 2017
For U.K. Plc, the sting of Brexit comes with an unexpected bonus.
With no effort on their part, British businesses could see pension deficits that have burdened them for years be practically wiped out if the Bank of England raises interest rates as predictedretirement...
15 million people forced to work until they drop as they don't pay into a pension
Source: Mirror - 19th October 2017
A probe by the Financial Conduct Authority reveals a third of workers – roughly 15 million people – are not saving towards retirement
Brexit on hold as EU top brass demand UK pay even MORE for retired Eurocrat's pensions
Source: Express - 19th October 2017
BREXIT talks are being held up because cash grabbing Eurocrats are negotiating for even more money to boost their overinflated pensions, it has been revealed.
Pensions dashboard: what we know so far
Source: Which - 19th October 2017
The online tool, which will help people track how much they have saved in their private and workplace pensions, is due to be launched in 2019.
More than 4 MILLION are 'living on the brink of financial meltdown with many borrowing from their families to pay bills' amid warnings of a personal debt crisis
Source: Mail Online - 19th October 2017
More than four million people are living on the brink of financial meltdown, a major report revealed yesterday.
Australians have lower retirement expectations but better retirement incomes
Source: The New Daily - 19th October 2017
Australians have lower retirement expectations than comparable people in the USA and UK, according to new analysis by actuary associations across the three countries.
Lifetime mortgages help new generation of pensioners make most of retirement
Source: Express - 19th October 2017
LIFETIME mortgages help a new generation of pensioners make the most of their retirement.
Over-55s opt for equity release to ease rising debt
Source: Express - 18th October 2017
THE demand for equity release is likely to continue as debt among older Britons continues to rise inexorably.
Retirement savers set to lose millions due to over cautious fund placements
Source: Emigrate - 18th October 2017
Workers saving for their retirement via workplace pensions may lose millions due to pension providers automatically choosing low-risk funds.
What to do to make sure you have a comfortable retirement
Source: iNews - 18th October 2017
Millions are on their way to an impoverished retirement as it’s estimated a third of UK adults have no form of pension savings.
Boulding: More people are being pushed into semi-retirement
Source: Citywire - 18th October 2017
With retirement income set to fall, many baby boomers are choosing to work full or part time after retirement.
15 million people aren't saving for retirement and state pensions are not enough, FCA boss warns
Source: Independent - 18th October 2017
Millions of people could have to work into their 70s or 80s to fund their retirement, new research suggests
Millennials consider work pension dealbreaker
Source: FT Adviser - 18th October 2017
Common assumptions that young people are uninterested in pensions or saving for the future have been questioned by new research which suggests many would decline a job offer if the pension deal was deemed unsatisfactory
FCA: 2.7m people who need pension advice not getting it
Source: Citywire - 18th October 2017
Nearly 2.7 million people approaching retirement in the UK need regulated advice but have not accessed it, according to the Financial Conduct Authority (FCA).
New pensions comparison tool will help savers get best deal when withdrawing cash from their pot
Source: This Is Money - 18th October 2017
A new comparison tool will help savers get the best deal when withdrawing money from their pension pot.
‘Generational TAX WAR’ Hammond roasted by ex-chancellor for ‘silly’ pension idea
Source: Express - 18th October 2017
A FORMER Tory chancellor has told Philip Hammond he risks starting a “generational tax war" by giving breaks to young workers at the expense of older people.
'We must learn lessons from news millions don't pay into a pension to offer protection'
Source: Mirror - 18th October 2017
Andrew Bailey, is the Chief Executive Officer with the Financial Conduct Authority, explains why pension plans have such a huge impact
Millions of people forced to work until they drop as they don't pay into a pension
Source: Mirror - 17th October 2017
A probe by the Financial Conduct Authority reveals a third of workers – roughly 15 million people – are not saving towards retirement
Martin Lewis issues an important warning to every employee in the UK – and it could get you a pay rise
Source: The Sun - 17th October 2017
WORKERS in the UK are turning down the equivalent of a pay rise because they are opting-out of auto-enrolment pensions.
Expats need more reliable info on pension options
Source: Emigrate - 17th October 2017
Experts in the field of expat finance are now realising clients are being short-changed by their providers once they stop paying in to their pension funds.
State pension to rise after UK inflation increases to 3%
Source: The Guardian - 17th October 2017
Pensioners to benefit from highest figure since 2012 as rise renews focus on stagnant pay and looming interest rate hike
Miners deserve a fair share of their pension pot
Source: Mirror - 17th October 2017
It is time to renegotiate the deal which has seen the Government take more than £3bn from miners' pension scheme, writes Gloria De Piero
Bosses to curb wages to pay for pension increases
Source: FT Adviser - 17th October 2017
Some small and micro employers expect to cover the costs of auto-enrolment increases by curbing future pay rises, research for the Department for Work and Pensions (DWP) has found
Record number of people saving for retirement
Source: Actuarial Post - 17th October 2017
The latest figures from the Office for National Statistics (ONS) have revealed a record number of people in the UK are now saving for retirement.
Windfall for pensioners as inflation hits five year high
Source: Professional Adviser - 17th October 2017
UK pensioners are set to see their state pension payouts grow and lifetime allowance rise thanks to the highest inflation rate since April 2012, at 3%.
Renovations number one reason for equity release
Source: Moneyfacts - 17th October 2017
Those unfamiliar with equity release will have many questions to ask before they even consider using the equity from their home to free up some cash.
UK wage squeeze continues as inflation hits five-year high of 3% - business live
Source: The Guardian - 17th October 2017
Sir Dave Ramsden has told the Treasury Committee that he wasn’t among the majority at last month’s meeting who said that they were close to voting for a hike.
Former pension minister slates ‘old for young’ tax plan
Source: FT Adviser - 17th October 2017
Former pensions minister Baroness Ros Altmann has spoken out on the ‘old for young’ tax plan, urging the Chancellor Philip Hammond to “avoid knee-jerk panic tax changes that could alienate older voters”
PLSA proposes national retirement income targets for UK savers
Source: Pensions Age - 17th October 2017
The Pensions and Lifetime Savings Association has proposed the UK introduces national retirement income targets, known as Rits, to help savers understand what they need to save.
Monarch collapse leaves yet another pension fund up in the air
Source: The Guardian - 17th October 2017
The state-sponsored pension rescue fund is creaking under the weight of final-salary schemes whose sponsoring companies can no longer support them
'You just can't get bank loans': the entrepreneurs dipping into pension pots
Source: The Guardian - 17th October 2017
The government is being called on to lift the tax threshold on pension withdrawals for entrepreneurs. For many, it’s a vital source of funding for their businesses
Lifestyling Option Can Lead To Smaller Pension Pots
Source: iExpats - 17th October 2017
Retirement savers may see millions of pounds knocked off their values because their workplace pensions automatically put their money into less risky funds.
HMRC set to gain powers to clamp down on pension fraud
Source: The Money Pages - 17th October 2017
HM Revenue and Customs is to introduce stricter legislation in 2018 that will protect the retirement pots of millions of pensioners in the UK by guarding them against fraudulent pension schemes.
Thousands of Aussies affected by tighter UK pension rules
Source: 9News - 17th October 2017
Australians who have lived and worked in the UK could face a decades-long wait to transfer their retirement funds into an Australian superannuation account.
‘Pensions timebomb’ for Britain's middle-aged workers
Source: Express - 16th October 2017
BRITAIN’S middle-aged workers are sleepwalking into retirement poverty, experts warned yesterday.
PENSION WARNING: Fifth of final salary schemes at risk from downturn
Source: Express - 16th October 2017
FINAL salary pension savers have been warned many schemes could collapse if Britain were to be hit by an economy downturn.
Welfare bosses sign up First Dates star Fred Sirieix as ‘pensions ambassador’ to get more people saving for retirement
Source: The Sun - 16th October 2017
The maitre d’ is one of trio of famous faces signed up by DWP chiefs as part of a drive to encourage anyone not already saving in a workplace pension to get signed up
One in five FTSE 100 pension schemes would struggle in a recession
Source: Moneywise - 16th October 2017
As many as one in five FTSE 100 companies would struggle to meet their commitments to their pension scheme during an economic downturn.
Old for young pension tax plan shunned by industry
Source: FT Adviser - 16th October 2017
Pension tax relief could be cut for older workers to fund tax cuts for the young in the next budget, as the government pledges to win-back the younger generation after the last election
AE 5 years on providing a boost to pensions pots
Source: Actuarial Post - 16th October 2017
October marks five years since auto-enrolment launched in the UK, with a minimum workplace pension contribution of 2% of income.
Rethinking Retirement
Source: FT Adviser - 16th October 2017
Delegates at the BlackRock Retirement Conference in London this month heard how Britons were saving more now into pensions than ever before.
Tax threat to older workers 'in Budget giveaway to the young': Philip Hammond could cut National Insurance for younger Britons
Source: Mail Online - 16th October 2017
Philip Hammond is plotting tax hikes for older workers in the Budget to fund a giveaway for the younger generation.
Fresh pension woes for 130,000 steel workers
Source: FT Adviser - 16th October 2017
MPs are pressing the owners of Tata steel for assurances 130,000 British Steel workers will not lose retirement benefits after it has emerged the pension regulator will not craft rules to safeguard them
Pension tax relief cuts to older workers to fund help for young
Source: Citywire - 16th October 2017
Giving retiring customers a single page of A4 paper instead of the usual 50-100 page wake up pack makes them 10 times more likely to visit Pension Wise, research between LV= and the body previously knowns as the ‘nudge unit’ has discovered.
Pension tax relief cuts to older workers to fund help for young
Source: Citywire - 16th October 2017
Pension tax relief could be cut for older workers to fund tax cuts for the young, as part of the chancellor’s plan to win over the younger generation, according to reports this morning.
Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
Source: Money Marketing - 16th October 2017
Pension tax relief for older wage earners could be slashed as part of a “tax on age” Budget being lined up by Chancellor Philip Hammond.
Pension pot gold diggers: Single? Saved for a comfortable retirement? Then read this writer’s cautionary tale and beware
Source: Mail Online - 16th October 2017
You may have noticed a spate of articles about how mercenary women are towards men — how cold and calculated we are, especially as we grow older.
Monarch collapse leaves yet another pension fund up in the air
Source: The Guardian - 15th October 2017
The state-sponsored pension rescue fund is creaking under the weight of final-salary schemes whose sponsoring companies can no longer support them
Fearless 85-year-old who's spending her retirement skydiving, swimming with sharks and even wing walking
Source: Mirror - 15th October 2017
But Trish Wagstaff, 85, insists her mad stunts are 'no more dangerous than crossing the road when a car is coming'
Show of strength: Why older women can lift more than they think
Source: The Sydney Morning Herald - 15th October 2017
At his gym in a converted warehouse in Sydney's Matraville, strength and conditioning coach Peter Bolsius trains clients whose ages range from the 20s to the early 60s – including women in their 50s who can deadlift a barbell as heavy as 100 kilograms.
Gap year travel: Five-minute guide to globetrotting in retirement
Source: Sunday Express - 15th October 2017
GAP YEARS are not just for students, a growing number of retired people are now taking a break to travel as well.
Britain's most daredevil grandmother, 85, has spent her retirement swimming with sharks, jumping out of planes and PARAGLIDING
Source: Mail Online - 15th October 2017
A daredevil grandmother has spent her retirement swimming with sharks, jumping out of planes and paragliding.
Budget 2017: Philip Hammond mulling tax cuts for the young paid for by slashing pension tax reliefs
Source: City A.M. - 15th October 2017
Chancellor Philip Hammond is planning a "big, bold" Budget with plenty of items aimed at pleasing young people, in a bid to win some of the youth vote back from Labour.
Unilever plc and this top dividend growth stock can supercharge your pension
Source: Yahoo Finance - 15th October 2017
What more is there to say about Unilever (LSE: ULVR)? Whenever I return to the stock, there it is, delivering the (household) goods. It is up 21% in the past year, 95% over five years, and 200% over the decade.
Retirement Dilemma For Expats In UAE
Source: iExpats - 15th October 2017
Expats in the United Arab Emirates face a retirement dilemma when they come to move their tax-free savings back home when they retire.
Government faces humiliation as DUP poised to side with Labour over women's pensions
Source: Independent - 15th October 2017
Exclusive: ‘We stand by our manifesto commitment that this issue needs to be dealt with,' DUP tells Prime Minister
Retirement time-bomb in the GP workforce is exposed with four in ten doctors due to retire within a decade
Source: Mail Online - 14th October 2017
Four in ten GPs are on the brink of retirement, it emerged yesterday.
Official figures show that 41 per cent – around 10,000 doctors – are 50 or over and are expected to quit within the next five to ten years.
Majority of Brits not sure how to check retirement saving progress
Source: The Actuary - 14th October 2017
Some 78% of UK adults admit they are not sure or do not know where to check if they are on track with their retirement savings.
Can Divorce Destroy Your Retirement?
Source: Yahoo Finance - 14th October 2017
If you're getting a divorce, you probably don't spend a lot of time thinking about how it will impact your retirement -- but it's a valid concern.
Aussies chase the Australian dream by moving overseas
Source: Emigrate - 14th October 2017
According to Oz expats, it seems that chasing the great Australian Dream is best done from overseas rather than in the home country.
Majority of Brits not sure how to check retirement saving progress
Source: The Actuary - 13th October 2017
Some 78% of UK adults admit they are not sure or do not know where to check if they are on track with their retirement savings.
Fears of 1980s-style pension mis-selling scandal grow
Source: FT Adviser - 13th October 2017
The recent spike in savers rushing to transfer out from a defined benefit (DB) scheme resembles the personal pensions mis-selling scandal in the 1990s, several experts have warned
Govt ‘alive’ to Brexit risk for expat pensions
Source: Money Marketing - 13th October 2017
The Government has said it ‘alive’ to the risks Brexit could pose to expat pensions after starting talks with the industry over safeguards.
Lloyds close in on £15bn pension schemes deal with Zurich UK in a bid to dominate industry
Source: This Is Money - 13th October 2017
Lloyds has swooped on a £15billion workplace pension business owned by Zurich UK as it fights for a greater share of retirement industry business.
Retirement village: Making new friends is often an unexpected benefit of moving
Source: FT Adviser - 13th October 2017
MANY down-sizers say making new friends is one of the unexpected benefits of moving to a retirement development restricted to over-55s or older
Fears of 1980s-style pension mis-selling scandal grow
Source: FT Adviser - 13th October 2017
The recent spike in savers rushing to transfer out from a defined benefit (DB) scheme resembles the personal pensions mis-selling scandal in the 1990s, several experts have warned
Royal Mail wins court battle against pension strike
Source: FT Adviser - 13th October 2017
Royal Mail has won an injunction to block a two-day strike by its workers set for next week over a pension and pay dispute
Ask an expert: ‘I’m about to hire my first employee. Do I need to offer them a pension?’
Source: Which - 13th October 2017
Every week, Which?’s money experts answer your financial queries. You can submit your questions to money-letters@which.co.uk, or via our Facebook or Twitter pages.
Retirees hit with massive drawdown fees
Source: BT - 13th October 2017
Retirees who choose to take a regular income from their pension savings could see as much as £13,500 gobbled up in rip-off fees, new research claims.
U.S., U.K., Australian citizens struggle with retirement readiness — actuary survey
Source: Pensions & Investment - 13th October 2017
People in the United States, United Kingdom and Australia are struggling to prepare for retirement because of increasing demands on them to manage their own risks,...
Expats warned over post Brexit problems with financial services, insurance and pensions
Source: Emigrate - 13th October 2017
Expats and those planning to relocate to Europe are being warned over potential difficulties with insurances, pension payments and financial services post-Brexit.
UK 35-year mortgages creating pension timebomb
Source: International Investment - 12th October 2017
In a sign of the growing gulf between property prices and average wages, almost a quarter of first-time buyers are opting for 35-year mortgages, one of the UK’s leading mortgage brokers has revealed.
Pension freedoms attract surge of transfer requests
Source: Citywire - 12th October 2017
Requests for DB transfers are rising, but consumers, and their advisers, should take heed of the risks.
3 Mistakes You're (Probably) Making That Are Sabotaging Your Retirement Plan
Source: Yahoo Finance - 12th October 2017
So you know how important it is to save for retirement, and you feel you're doing everything you're supposed to. You're contributing regularly to your 401(k), diversifying your portfolio, and saving as much as you can.
The plan to let you see all your savings at a glance has hit the rocks and the loser will be you
Source: Mirror - 12th October 2017
A simple way to see how much money you have, as well as where it is, has been left in limbo - and it's terrible news
A simple way to see how much money you have, as well as where it is, has been left in limbo - and it's terrible news
Source: Express - 12th October 2017
A CIVIL servant has committed the ultimate act of hypocrisy after announcing his retirement at the age of 61 after increasing the minimum age to 67, MP’s revealed.
Over a Quarter of Seniors Say Retirement Is Worse Than They Expected
Source: Yahoo Finance - 12th October 2017
Most people probably imagine retirement as one of the happiest times of their lives. After working for decades on end, you finally get the chance to sleep in, travel the world, spend more time with the grandkids, or whatever else you want to do
Brit expats in Europe freed from threat of post Brexit frozen pensions
Source: Emigrate - 12th October 2017
The announcement that all British pensioners living in the European Economic Area as well as EU retirees resident in the UK will continue to receive the annual cost of living adjustment post-Brexit is good news for the thousands of retired British expats already struggling to get by since the fall in the value of sterling.
No ex-pat pensions cliff-edge if we get Brexit transition deal, says Hammond
Source: Professional Adviser - 11th October 2017
Ex-pats will not suffer a cliff-edge effect to their UK pensions and insurance policies if the UK is successful in securing its proposed interim period after the UK leaves the EU in March 2019, Philip Hammond has said.
Mysterious letter from the DWP has left me confused about my pension payments
Source: iNews - 11th October 2017
I have just received a letter from the Department for Work and Pensions (DWP) asking me, and presumably tens of thousands of other retirees, to nominate a bank, building society or credit union account in which to have my state pension paid in future.
Workers 'need pension saving targets'
Source: BBC - 11th October 2017
The majority of workers are unaware of how much they need to save for a comfortable retirement and need targets, a trade body has said.
Ambulance chasers caught selling data to pension scammers
Source: FT Adviser - 11th October 2017
Claim management companies are cross-selling their books to pension scammers, according to Michelle Cracknell, chief executive of The Pensions Advisory Service (TPAS).
How Much Income Can You Take from Your Pension?
Source: Morning Star - 11th October 2017
How much of your pension portfolio can you withdraw annually to sustain an income in retirement? Dan Kemp investigates
Pension targets could help achieve 'decent retirement', says new report
Source: Independent - 11th October 2017
Pension savers could be set targets to help them work out more easily whether they are on track for a decent retirement income, a report proposes.
Brexit Talks Green Light Expat State Pension Cost Of Living Rises
Source: iExpats - 11th October 2017
British expats in Europe do not have to fear the freezing of their state pensions after Brexit, says the UK government.
Savers tempted into the wrong pension funds with rip-off fees could be the next scandal, as investigation reveals many could run out of cash
Source: This Is Money - 11th October 2017
Savers tempted into the wrong pension funds with rip-off fees could be the next scandal, as investigation reveals many could run out of cash
Halt this pensions rip-off... authorities need to protect savers not throw them to the wolves
Source: This Is Money - 11th October 2017
A major pensions scandal is being overlooked by the authorities, who have thrown savers to the wolves instead of protecting them.
Retirement income targets ‘could help savers achieve desired living standards in later life’
Source: Yaho Finance - 11th October 2017
Pension savers could be set targets to help them work out more easily whether they are on track for a decent retirement income, a report proposes.
Gov't considers early access to pension for self-employed
Source: Citywire - 10th October 2017
Pensions minister Guy Opperman has said the government will consider a ‘sidecar’ option for early pension release as he plans to push ahead with auto-enrolment for the self-employed.
Pension funds should appoint data protection officers: regulator
Source: IPE - 10th October 2017
Pension funds should appoint a dedicated officer for the protection of personal data, according to the chair of the Netherlands’ Personal Data Authority (AP).
The time is now to save for retirement in the sun
Source: The Irish News - 9th October 2017
They call them our ‘golden years'. Golden is the colour of lager, and we look forward to Spanish sunsets on a beach in Marbella, after wild dancing, aged 65.
UK retirees face ‘devastating’ bungalow shortage
Source: Moneywise - 9th October 2017
Bungalows now account for fewer than 7% of houses for sale, according to new research – and this could have a knock-on effect on the choices retirees have when they want to downsize.
Thousands of families and pensioners at risk of repossession as government scraps crucial mortgage benefit
Source: Mirror - 9th October 2017
The Government is about to close its Support for Mortgage Interest (SMI) scheme - a benefit designed to help with payments for those who need financial support. Instead it'll be replaced with a 'Second Mortgage' 
Half of financial advisers are wrongly recommending pension transfers, regulator finds
Source: Moneywise - 9th October 2017
The Financial Conduct Authority is concerned that financial advisers are recommending pension transfers that may not be in the individual’s best interest. 
Should you defer taking your State Pension?
Source: AoL - 9th October 2017
At present, the maximum State Pension you can receive if you take it when you reach retirement age is £159.55 a week. 
Make companies put workers on boards, says pension fund chair
Source: Citywire - 9th October 2017
One of the largest shareholder organisations in the UK has said it wants companies to be forced to appoint workers to their boards. 
Tax relief cut fears as gov't pension bill passes £50bn
Source: Citywire - 9th October 2017
The government spent more than £50 billion on pension tax relief last year, prompting speculation that the system will be changed in the near future. 
'Pension blackspots': Six in ten workers in agriculture not paying into a pension
Source: Farming UK - 9th October 2017
Six in ten workers in agriculture are not enrolled in a pension according to the TUC which has revealed the UK’s pension blackspots.
TUC raises alarm over retirement poverty facing hospitality staff
Source: Guardian - 9th October 2017
Many workers slipping through net of the government’s pensions auto-enrolment system, according to survey
More young savers 'want ethical pensions'
Source: BBC - 8th October 2017
Young savers are twice as likely as older generations to see their pension pot's choice of investments as their responsibility, according to a survey.
64 per cent of expats working in the UAE plan to return back home when they retire
Source: CPI Financial - 8th October 2017
This highlights the need for expats to choose savings and investment solutions which are suitable and portable back to their home country.
Thinking of retiring abroad? - 5 things you need to know about your pension and how to prepare
Source: Somerset Live - 7th October 2017
If you are planning to spend your retirement in the sun, you should know what happens to your pension
Are we hurtling towards a pensions crisis?
Source: Moneyfacts - 6th October 2017
The pensions net may be widening, but there are growing concerns that even this may not be enough to stop the looming pensions crisis, with research from Learn to Trade finding that only 11% of 35-54 year olds are confident that they'll be financially secure throughout retirement.
Retirement WARNING of 'cliff edge' life after working life: 'Some find it challenging'
Source: Express - 6th October 2017
RETIREMENT dreams turn into a nightmare for one in five pensioners who find it difficult to adjust to life without work, warns a new report.
One in five people who have retired over the past decade are MORE stressed now than when they worked
Source: Mail Online - 6th October 2017
Retirement is supposed to be the time when we take things easy and relax after the pressures of work.
Royal Mail workers are set to strike for 48 hours from 19 October in a dispute over pensions, pay and jobs
Source: BBC - 5th October 2017
Royal Mail workers are set to strike for 48 hours from 19 October in a dispute over pensions, pay and jobs.
5 Big Money Mistakes to Avoid in Retirement
Source: Yahoo Finance - 5th October 2017
It's never too late to start getting smart about money.
Maybe you've made it this far with few problems... you've done pretty well all alone just by winging it.
Never too old to save? Gov't plans could see 74 years olds auto-enrolled
Source: Citywire - 5th October 2017
Never too old to save? Gov't plans could see 74 years olds auto-enrolled
City Watchdog Warns on Retirement Shortfall
Source: Morning Star - 5th October 2017
FCA chief executive Andrew Bailey is concerned about people not saving enough into pensions and not taking financial advice when making key decisions
Age UK says that Bury pensioners could be missing out on thousands of pounds in Pension Credit which they are entitled to
Source: Bury Times - 5th October 2017
PENSIONERS in Bury could be missing out on thousands of pounds which they are entitled to.
Are the pension freedoms faltering?
Source: Money Marketing - 5th October 2017
Two and a half years on and as MPs prepare an inquiry, Money Marketing looks at the legacy of the flagship reforms
Cashing in your ‘golden’ final salary pension could be a rip-off
Source: Which - 5th October 2017
People looking to cash in their ‘golden’ final salary pension could be getting poor advice from financial advisers, leaving them at the risk of making the wrong decision, a new study has found.
Millennials are saving twice as much as baby boomers — and they could be on track to retire richer than their parents
Source: Business Insider - 5th October 2017
Millennials are really good at saving money — especially if they have kids.
Retirement WARNING of 'cliff edge' life after working life: 'Some find it challenging'
Source: Express - 5th October 2017
RETIREMENT dreams turn into a nightmare for one in five pensioners who find it difficult to adjust to life without work, warns a new report.
Pension pot to follow member
Source: Actuarial Post - 4th October 2017
Kate Smith, head of pensions at Aegon comments: “The number of small pots is growing exponentially as seen in the recent figures from the Office of National Statistics fuelled by auto-enrolment.
Baby boomers cut back on spending to leave inheritance
Source: Money Observer - 4th October 2017
Older people are spending less on themselves in order to leave an inheritance for the younger generation, according to the latest research from Saga Money.
Around three million with final salary pension schemes have just a 50-50 chance of getting a full payout
Source: Mail Online - 4th October 2017
Around three million workers with final-salary pension schemes have just a 50-50 chance of getting a full payout, a powerful pensions body has warned.
Warning that retired steelworkers could be plunged into poverty after pension fund restructure
Source: Scunthorpe Telegraph - 4th October 2017
The warning from the British Steel Pension Members Group comes ahead of a meeting to be held at The Baths Hall in Scunthorpe on October 24
Pension lump sum gold rush may be a costly mistake
Source: Express - 4th October 2017
THE over-55s are risking financial disaster in retirement after taking advantage of bumper transfer values to cash in their pensions.
Around three million with final salary pension schemes have just a 50-50 chance of getting a full payout
Source: This Is Money - 4th October 2017
Around three million workers with final-salary pension schemes have just a 50-50 chance of getting a full payout, a powerful pensions body has warned.
Data uncovers best performing workplace pension
Source: FT Adviser - 4th October 2017
Scottish Widows' defined contribution (DC) default fund has returned the best performance for workplace pension savers over the the last five years, according to data
Pension grab fury as thousands of Hartlepool women risk losing £45,000 under changes
Source: Hartlepool Mail - 4th October 2017
That is acdcording to Councillor Brenda Harrison who put forward a motion in support of the national campaign Women Agianst State Pension Inequality (WASPI).
Royal Mail strike ‘could cancel Christmas’ as workers protest pension changes
Source: The Sun - 3rd October 2017
Members of the Communication Workers Union (CWU) backed walkouts by 89 per cent on a turnout of 73 per cent of the 110,000 balloted.
Over 50s cutting back in order to leave an inheritance
Source: Moneywise - 3rd October 2017
Older people are spending less on themselves in order to leave an inheritance for the younger generation, according to the latest research from Saga Money.
Fewer than half of people ditching final salary pensions are being given the right advice, finds FCA probe
Source: Mail Online - 3rd October 2017
The pitfalls of ditching final salary pensions are being flagged by watchdogs after a probe found fewer than half of people get a suitable recommendation or subsequent pension product.
Don't make us sell our homes! Pensioners' anger at spiralling cost of social care bills
Source: Express - 3rd October 2017
BRITONS do not want to sacrifice their family homes to pay any old age care bills, new research has found.
19% of 66 to 71 year-olds working full or part-time to supplement pension
Source: Employee Benefits - 3rd October 2017
More than one in five (19%) of respondents between the ages of 66 and 71 are still working full or part-time to supplement their retirement incomes, according to research by Dunstan Thomas.
Britain's Self-Employed Still Not Saving Enough
Source: Morning Star - 3rd October 2017
From Lisas to Sipps, there are already a number of options available for self-employed workers to save for a decent retirement
The pensions net widens - are you in?
Source: Moneyfacts - 3rd October 2017
From 1 October, all new start-up businesses will have to enrol their employees into a workplace pension scheme straight away.
4 Ways To Ensure You Can Retire Early
Source: Forbes - 3rd October 2017
Who doesn’t dream of being in a position to retire early, spending your later years doing the things you have always dreamed of?
Retirees unwilling to sacrifice their home to cover social care costs
Source: Money Observer - 2nd October 2017
As the government prepares to consult the cost of social care, new research from Aegon reveals that most retirees are unwilling to sacrifice their home to cover social care costs. 
Pensions crisis ‘in 11 years’ as the middle-aged give up on saving for retirement
Source: Express - 2nd October 2017
A PENSIONS crisis is possible in just 11 years because almost half of middle-aged workers have given up saving, a study warns.
Jeremy Corbyn is most trusted party leader to safeguard pensions, new survey reveals
Source: Independent - 2nd October 2017
Theresa May was the next most-trusted, but 41 per cent of those questioned said that they do not trust any politician to look after pensions
Britain could be just 11 years away from pension crisis
Source: Small Business - 2nd October 2017
Nearly half of people in the UK aren’t saving into a pension, which could lead to a pension crisis in just over a decade.
83% value employer pension contributions
Source: Employee Benefits - 2nd October 2017
More than four-fifths (83%) of employee respondents whose employer currently contributes to their workplace pension value these contributions, according to research by The People’s Pension.
Corbyn more trusted than May on pensions
Source: FT Adviser - 2nd October 2017
Labour leader Jeremy Corbyn is more trusted to secure a decent retirement for the nation's pensioners than the person currently in charge of pension policy, prime minister Theresa May
Pension tax relief debate on cards again as contributions hit record high
Source: Money Marketing - 2nd October 2017
News that pension contributions hit record levels last year is fueling fears that the Chancellor may seek to restrict pension tax relief in his Autumn Budget.
The 10 best places to retire in America
Source: Business Insider - 2nd October 2017
Pensions crisis ‘in 11 years’ as the middle-aged give up on saving for retirement
Pensions crisis ‘in 11 years’ as the middle-aged give up on saving for retirement
Source: Express - 2nd October 2017
Pensions crisis ‘in 11 years’ as the middle-aged give up on saving for retirement
Every little helps: Sales on the up for Tesco as pension black hole balloons to more than £5bn
Source: This Is Money - 2nd October 2017
Tesco is set to lay bare the scale of its ballooning pensions deficit amid positive signs that sales are on the rise.
Polish cut in retirement age comes into force, bucking European trend
Source: Reuters - 1st October 2017
Poland lowers its retirement age on Sunday, a costly election promise by the ruling conservatives which goes against a European trend of gradually increasing the pension age as people live longer and stay more healthy.
Cap on early-exit pension charges gives more power and choice back to consumers, says MINISTER FOR PENSIONS
Source: This Is Money - 1st October 2017
Since my appointment, I have seen first-hand the enormous social and financial changes that millions of people are benefiting from thanks to our pension reforms.
Crackdown on rip-off pension fees set to save thousands but fears grow of a surge in extravagant purchases
Source: This Is Money - 1st October 2017
A ban on rip-off charges for people who dip into their company pension pot early comes into force today – saving many people thousands of pounds.