'My home is my pension': Britain's wealth is locked into property, forcing people to sell-up or release equity to pay for retirement
Retirement and Pensions News Headlines
Source: Mail Online - 27th July 2016Britain's retirees face an increasingly nightmarish cocktail of woes: rock-bottom savings rates, paltry annuity income and their money locked into the one asset they usually don't want to sell - their home.
Self-employed rely on their business, not pensions, to fund retirement
Source: Small Business - 27th July 2016Rather than saving into a pension, 630,000 self-employed people in the UK view their business as their financial lifeline, research finds.
More people of retirement age looking to rent
Source: Landlord News - 27th July 2016A new survey has revealed that there has been a sizeable increase in the number of people looking to rent a property during their retirement years.
Millions could face workplace pensions pot shortfall in retirement, expert warns
Source: Yahoo Finance - 27th July 2016Many of the six million people who have now been automatically placed into a workplace pension are saving far short of what they will need to be able to afford to retire, a former pensions minister has warned.
Six million save automatically for pension
Source: BBC - 27th July 2016More than six million workers have now been signed up automatically to a pension savings scheme but fears remain over how much is being set aside.
630,000 self-employed relying on business to fund retirement
Source: Actuarial Post - 27th July 2016Rather than saving in a pension, 630,000* self-employed people in the UK view their business as their pension and plan to continue to work or rely on the proceeds from the sale of their business to cover their finances in later life,...
Almost Half of Over-45s See Property as Key to Their Retirement Income Plans
Source: Landlord News - 27th July 2016Long-term house price growth and attachment to homes means that almost half of over-45s consider property as key to their retirement income plans, according to the latest Aviva Real Retirement Report.
Two thirds of over-55s have no retirement plan
Source: FT Adviser - 27th July 2016Almost two thirds of people approaching retirement age have put no financial plans in place, research by Aviva showed.
Let people take state pension early or they'll risk missing it, says PPI
Source: The Guardian - 27th July 2016Allowing people who have paid NI for 45 years to draw their pensions and retire early will help 250,000, research by Pensions Policy Institute suggests
Vulnerable people should 'get state pension early'
Source: Professional Adviser - 27th July 2016Allowing certain groups early access to their state pension could benefit a quarter of a million 'vulnerable' people who may otherwise miss out,...
Middle aged will still be repaying mortgage in retirement
Source: Financial Times - 27th July 2016A third of homeowners aged over 45 will have a home loan at 65, study finds
Six million over-45 homeowners see property as key to their retirement income plans – but is there enough house to go around?
Source: AVIVA - 27th July 2016It shows almost half (46%) of over-45 homeowners – equivalent to 6.08million UK households¹ – see the wealth built up in their property as a key part of their retirement income plans, rising to 58% among the youngest age group asked (45-54s).
Squeezed generation 'struggling to save anything towards retirement'
Source: Belfast Telegraph - 27th July 2016Many 35- to 44-year-olds can only just afford to pay for the "here and now" and find it hard to save anything for the longer term, a report has found.
Key to being happy in your retirement? Having a partner and close family nearby
Source: Express - 26th July 2016THE KEY to a happy retirement has been revealed, according to new research.
Over-65s are boosting their retirement 'by £15k a YEAR' by carrying on work
Source: Express - 26th July 2016NEARLY one in seven over-65s are boosting their retirement income by working, earning around £296 extra per week.
Retirement Overseas Is Cheaper Than You Might Think
Source: Expat Focus - 26th July 2016Your retirement nest egg has been marginalized, and you’re thinking there’s no way you could afford to retire overseas.
It's hard to let go...but small business bosses must start planning for retirement, experts warn
Source: This Is Money - 25th July 2016With a third of bosses of small businesses aged over 60, it is vital they start planning their exit strategy well ahead of retirement, experts warn.
MPs want stronger protection for workplace pensions in wake of BHS failure
Source: International Business Times - 25th July 2016British MPs have called for better protection for workplace pension holders to ensure firms cannot not evade their responsibilities.
'Triple lock' rises in the state pension will favour people getting new flat rate - how is this fair? Agony Uncle Steve Webb replies
Source: Mail Online - 25th July 2016Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. This week, he tackles a question about the fairness of rises in the state pension under the old regime that operated until April this year, versus under the new flat-rate system.
Are you ready for the big move? A new survey reveals why over-55s are not downsizing
Source: Info-Europa - 25th July 2016PHVirginia Darbyshire has bought a two-bedroom apartment with a private terraceAbout a third of over-55s do not want to move away from friends and about a quarter think new-build properties are not spacious enough.
Sir Philip has 'moral duty' to fill £571m pensions blackhole after he 'repeatedly' resisted requests to pay more to correct 'massive deficit'
Source: Mail Online - 25th July 2016Sir Philip Green ‘repeatedly’ resisted requests from the trustees of the BHS pension scheme to pay more money into workers’ pots to correct the ‘massive deficit’ and now has a ‘moral duty’ to so do, the MPs’ report found.
Stronger workplace pension protection urged by MPs
Source: BBC - 25th July 2016Stronger rules to protect workplace pension holders may be needed in light of BHS's failure, MPs have said.
Millions face pension cuts in final salary scheme reform: MPs want radical shake-up that would allow companies to ditch promises made to workers WITHOUT going through the courts
Source: Mail Online - 23rd July 2016Millions of savers face drastic cuts to their company pensions under plans being drawn up by politicians and pension firms.
What are the challenges and top priorities for the new Pensions Minister? Experts lay out the most pressing issues
Source: Mail Online - 23rd July 2016As the Government has appointed Richard Harrington as the new Pensions Minister, industry experts have expressed their views on what his priorities should be.
Brexit adds £100m to potential cost of BHS pensions bailout
Source: The Guardian - 23rd July 2016Sir Philip Green’s bill could hit £670m, including assumed overheads an insurance firm would seek to recoup
Housing for oldies should be on Theresa’s agenda
Source: Yorkshire Post - 23rd July 2016A think tank is calling on the government to tackle the retirement housing shortage. Sharon Dale reports.
Boom in older workers shows importance of retirement income
Source: Actuarial Post - 23rd July 2016Analysis of figures from the ONS by Just Retirement reveals that the number of people still in employment over the age of 65 peaked last year at 1.2m.
Brexit means pension funds have taken a battering - but is it all bad news?
Source: Mirror - 23rd July 2016Investment markets have since come back to levels higher than pre-Brexit and many funds will have picked up again
Altmann silenced in pension minister role
Source: Professional Pensions - 22nd July 2016Baroness Ros Altmann has likened her time as pensions minister to being “in detention” and believes leaving government will allow her to be more influential.
Workers up their pensions saving by a fifth to top £9BILLION a year as rising numbers are auto-enrolled into workplace schemes
Source: Moneyfacts - 21st July 2016Pension contributions made by UK workers topped £9 billion last year, up nearly a fifth (17 per cent) compared to the 2010/11 tax year.
Women have yet to close the pension savings gap
Source: Moneyfacts - 21st July 2016The gender savings gap has long been a concern of retirement experts and individuals alike, and unfortunately, it looks as though it's still a key issue, as new research from Aegon UK highlights.
Why women are set for a poorer retirement than men
Source: BT.com - 21st July 2016Women aren't saving enough for retirement, according to new research, although this isn't just down to not putting enough money aside.
How much do you need to save from scratch to become a millionaire before you retire? We crunch the numbers...
Source: This Is Money - 21st July 2016Since the start of the year, This is Money has seen interest grow vastly in one of our handy tools –the millionaire calculator.
When will YOU give up your job? Over a MILLION people aged 65-plus are STILL working
Source: Express - 21st July 2016RECORD numbers of pensioners are working into retirement, official figures show.
As many as 1.2million people aged 65-plus are still earning a wage as they head into their 70s.
'Early retirement' to end by 2029
Source: Financial Reporter - 21st July 2016If the decline in "early retirees" continues at its current pace, there will be no people defined as 'retired' in the 16 to 64 age bracket by 2029, according to Aviva.
Growing number of people working beyond retirement age over pension worries
Source: Express - 20th July 2016RETIREMENT is increasingly a thing of the past as growing numbers are planning to carry on working far beyond the state pension age.
Millions of older homeowners 'not helping themselves live independently'
Source: Express - 20th July 2016MILLIONS of older homeowners are failing to adapt their homes to help them live independently, a new report says.
Online retirement tool aimed at over-50s
Source: FT Adviser - 20th July 2016Saga has launched an online retirement planning tool aimed at giving individuals an insight into how their current saving habits are likely to affect their income in later life.
Raising the state pension age has left women 'destitute', a campaign group claims
Source: Wales Online - 20th July 2016The Bridgend and valleys branch of Waspi (Women Against State Pension Inequality) is taking its fight to the Senedd in September
The new game in town: Govt reshuffle triggers new era of pensions policy
Source: Money Marketing - 20th July 2016The new Government top team is set to further cement the Treasury’s all-powerful position as the organisation driving financial services and pensions policy.
Growing number of people working beyond retirement age over pension worries
Source: Express - 20th July 2016RETIREMENT is increasingly a thing of the past as growing numbers are planning to carry on working far beyond the state pension age.
Pension auto-enrolment is getting more UK workers saving for the future
Source: City A.M. - 20th July 2016In a sign that UK workers are starting to save again since the financial crisis hit, new data shows that the total annual pension contributions made in the UK has increased by nearly a fifth since 2010.
Retiring to Europe? You should wait until Brexit negotiations on pensions and healthcare access have concluded
Source: City A.M. - 20th July 2016Many Brits approaching retirement dream of moving to the continent. But Brexit has thrown a spanner in the works.
Polish government backs plan to lower retirement age
Source: Mail Online - 20th July 2016Poland's government said on Tuesday it approved of the president's proposal to cut the retirement age starting from October next year at the earliest, a move that would unravel the previous administration's pension reform.
Up to 90% of women facing pension anguish as they will get less than HALF compared to men
Source: Mirror - 20th July 2016Research has revealed women have £20,000 saved, compared to the £52,500 men have in their nest eggs
New ministerial team at the Department for Work and Pensions
Source: Pensions World - 19th July 2016Damian Green, the new Secretary of State for Work and Pensions, has today welcomed the department’s new ministerial team.
Further inflation could create headaches for retirees
Source: Actuarial Post- 19th July 2016Today’s ONS figures highlight CPI inflation increasing from 0.3% in May to 0.5%. While today’s uptick can be largely attributed to rising air fares and oil princes the fallout from the Brexit vote means there is potential for further inflation in the months to come.
Retired homeowners turning to equity release in the face of triple whammy of low savings rates, investment volatility and falling house prices
Source: This Is Money - 19th July 2016Retired homeowners fearful the value of their home will plummet post-Brexit and facing dwindling incomes are looking to cash in now by taking out a lifetime mortgage, experts claim.
Retirement housing shortage problem for ageing population
Source: LocalGov - 19th July 2016There has been a ‘significant’ increase in older people living alone, but millions are failing to adapt their homes to help them live independently, think tank finds.
Retirement Savers In Dash For Pension Cash
Source: iExpats - 19th July 2016Pension freedoms have let more than half of retirement savers cash in their pots during the past year, says official research.
Make your tropical beach holiday permanent: These are the world’s best places to retire
Source: Express - 19th July 2016It looks more like a bucket list but this lineup of summery holiday destinations have been voted the best places in the world to retire.
Young suffer while pensioners prosper, think tank finds
Source: BBC - 19th July 2016Young people have suffered a drop in income since the financial crisis, but pensioners have enjoyed a big rise, the Institute for Fiscal Studies has said.
Richard Harrington named under-secretary of state for pensions
Source: Professional Pensions - 18th July 2016Harrington, elected in May 2010, had been the under-secretary of state for Syrian refugees since September last year, but was moved to the role yesterday.
Altmann warns of pension policy threat
Source: FT Adviser - 18th July 2016Ex-pension minister Ros Altmann has taken aim at the government over the decision to scrap her former role in favour of the new title ‘under secretary for pensions’, raising the prospect the pensions brief has been downgraded.
The UK property downsizing pension delusion
Source: International Adviser - 18th July 2016Up to three million people of working age in the UK who plan to use the value of their home to fund their retirement could be headed for a shock, says Royal London.
One in three expect less generous state pension by time they retire
Source: Money Observer - 18th July 2016One in three UK workers fear the state pension will be less generous by the time they come to retire. This was one of the key findings in a survey by pensions and insurance firm Aegon UK.
Webb ‘sorry’ to see Altmann’s stint as pensions minister end
Source: FT Adviser - 18th July 2016Former pensions minister Steve Webb has said he is “sorry” to see his successor Ros Altmann leave government, saying she challenged “the Treasury view” of retirement saving, and brought a deep knowledge of workplace pensions to the role.
Minister quit over age women can take their pension: Ros Altmann claims 'short-term political considerations' thwarted her efforts to improve policy
Source: Mail Online - 18th July 2016The former pensions minister quit after attacking the treatment of older women affected by changes to the state pension age, it has emerged.The former pensions minister quit after attacking the treatment of older women affected by changes to the state pension age, it has emerged.
Pensioners' annuity incomes plunge by 37pc in eight years
Source: Yahoo Finance - 17th July 2016Brexit has added to the pains of those savers wanting to buy income in the form of annuities, with the referendum outcome pressing down payout rates by almost 4pc.
Millions risk downsizing nightmare with smaller home for retirement, says report
Source: Mail Online - 17th July 2016Millions of people who are pinning their hopes on funding their retirement by moving into a smaller property risk their downsizing dream becoming a nightmare, a report warns.
Using home to fund retirement is a delusion, says former minister
Source: BBC - 16th July 2016Downsizing your home to give yourself an income in retirement is unrealistic, according to the former pensions minister, Steve Webb.
More than a half of UK savers cashing in pensions, says FCA
Source: International Adviser - 16th July 2016Over half of UK savers are cashing in their savings following the introduction of pension freedoms last year, research from the UK’s Financial Conduct Authority (FCA) suggests.
BREX-PATS: Brit families face returning ex-pat grandparents forced to flee Costa Del Sol
Source: Daily Star - 16th July 2016THOUSANDS of Brit ex-pats are set to wave goodbye to their cushy life in Spain within weeks and move in with family back in the UK.
Damian Green handed poisoned chalice of Department for Work and Pensions
Source: Mirror - 16th July 2016He's the third Welfare Secretary this year - will he pick up where Iain Duncan Smith left off?
Gove ally leaves MoJ post as Theresa May's reshuffle continues
Source: Belfast Telegraph - 16th July 2016Theresa May is continuing to reshape the Government with an ally of sacked Cabinet minister Michael Gove the latest to leave his job.
Altmann: Cold-call ban would not stop scams
Source: Money Marketing - 15th July 2016Pensions minister Ros Altmann says banning cold calling would not stop pension scams.
Brits mirror Aussies in retirement time horizon
Source: FT Adviser - 14th July 2016British savers expect to spend 37 years contributing to a pension scheme before they can retire, putting the UK on a par with Australia as the country with the longest-projected working life out of a group of 17,...
Fewer pensions cashed in over winter
Source: BBC - 14th July 2016The appetite for people to take their pension savings as cash waned at the end of the year, according to the City watchdog.
One in three workers fear the state pension will be less generous by the time they retire - and one in ten think it won't exist at all
Source: This Is Money - 13th July 2016Millions of Britons are concerned about the future of state pensions and the majority do not trust the current Government to make fair decisions in this regard, a new survey suggests.
We have to put retirement off for seven years
Source: AOL - 13th July 2016We work harder and for longer to afford retirement - and many can never afford it
Pensions black hole balloons by £89bn since Brexit vote
Source: Mirror - 13th July 2016The scale of those deficits has surged from £294.6bn at the end of May to a record £383.6bn now
Is government spend on pensions sustainable?
Source: Professional Pensions - 12th July 2016At a glance While the UK has taken steps to deal with the demographic crisis concerns remain about the long term affordability of government funded retirement benefits Continued use of the triple...
PwC: pension schemes no better off than 10 years ago
Source: Pensions World - 12th July 2016Twice as many companies as in 2006 are supported by a weak covenant according to PwC.
Why experts believe pensions should be your top cash concern
Source: Mirror - 12th July 2016A huge thank you to the thousands of people who came along to our Money Matters Pop-Up Show in Liverpool at the weekend.
UK's pensions black hole balloons 30% in a MONTH: Total deficit of final salary schemes soars £90bn to £384bn as Brexit hits funds
Source: This Is Money - 12th July 2016The potential black hole faced by the UK's final salary pensions schemes has soared a massive 30 per cent in one month to reach a dizzying £384billion, figures showed today.
Over 50s need to save twice as much as they think to finance retirement
Source: Pensions World - 11th July 2016Britain’s over 50s need double the amount they think to generate a decent income in retirement, according to Saga Investment Services.
Brexpats after Brexit: Impacts for British Expats in Europe
Source: Global Risk Insights - 10th July 2016British wanderers have long been putting down roots in diverse areas of the world. If the UK Parliament follows through on leaving the European Union (EU), how could Brexpats (British expats) be affected?
Women caught in pension age trap ‘are £40,000 out of pocket’
Source: The Guardian - 9th July 2016Select committee chair calls for help for victims having to sell their homes or rely on others as they are forced to wait for their state pension
Pensions BOOST as Government scheme cuts costs to swell savings
Source: Express - 9th July 2016SAVERS could see their costs fall by thousands of pounds under proposed changes to the Government’s retirement saving scheme.
Annuity rates 'in freefall' since EU vote
Source: BBC - 8th July 2016Annuity rates - which determine the value of pension incomes - have been 'in freefall' since the UK's vote to leave the EU, according to an expert.
Why Brexit has doomed your pension
Source: Yahoo Finance - 8th July 2016Brexit will have a substantial impact on the lives of people across the UK, and one area where its effects are already being felt is in the pensions industry.
Complaints over pension freedom bungles fuel 18% jump in cases handled by industry ombudsman
Source: Mail Online - 7th July 2016Pension freedom reforms helped to fuel an 18 per cent rise in complaints to the industry ombudsman over the first year they were in force, it has revealed.
A third of over 50s now in rented accommodation
Source: Scottish Housing News - 7th July 2016The number of people aged over 50 living in rented accommodation has been on the rise over the last five years, according to new research.
The older women refusing to be invisible: Ignored by the beauty industry despite their vast spending power, now the over-50s are fighting back
Source: Mail Online - 7th July 2016At a friend’s 50th birthday party last week, I was struck by the understated glamour of every woman in the room.
Brexit bounce-back begins: FTSE UP, mortgages DOWN, pensions UP in bright post-EU future
Source: Express - 7th July 2016LOWER mortgage costs, higher pension values and a booming stock market were today indicating that Britain’s Brexit bounce-back may have begun.
Pensions Ombudsman sees substantial rise in complaints
Source: Pensions World - 7th July 2016The Pensions Ombudsman Service today published its Annual Report and Accounts for 2015/16.
Balance transfer war hots up as Tesco Bank launches fee-free 24-month deal
Source: Moneywise - 7th July 2016Tesco Bank has launched a new 24-month fee-free 0% balance transfer card, matching the market-leading deal launched by Halifax earlier this week.
Triple lock most likely pension policy to fall under Brexit
Source: Professional Pensions - 7th July 2016The triple lock on the state pension is the most likely policy to be dropped as a result of Brexit according to 42% of 138 Pensions Buzz respondents.
One in 10 older people take handouts from their family and friends to get by, finds LV= study
Source: This Is Money - 7th July 2016It's not just younger people who need handouts from relatives. One in 10 retirees lean on family and friends for financial help, new research suggests.
More over 50s now renting a home in the UK, research shows
Source: Property Wire - 6th July 2016The number of people over 50 living in rented accommodation in the UK has been on the rise over the last five years with a third now renting, new research has found.
BREXIT BOOST: Pensioners' joy as retirement pots jump in value since EU Referendum
Source: Express - 6th July 2016WORKERS have seen the value of their pension funds jump in the wake of Britain's vote to leave the European Union (EU).
State pension scrapped for under 30s?
Source: Mirror - 6th July 2016With retirement age soaring from 60 to 68 in a few years - and looking like it will rise again - millions are predicting it soon won't exist at all. What you can do
The 300 different fees that knock £120bn off pensions each year: Investigation finds charges for accounting, entertainment and meals are being passed on to customers
Source: Mail Online - 6th July 2016Savers are being hit by up to 300 charges that wipe £120billion a year from their pensions, an investigation has found.
Family and friends help 1 million pensioners with cash handouts
Source: Mail Online - 6th July 2016More than a million pensioners are relying on cash handouts from friends and family to get by, a report estimates.
Plan on retiring? One in five think they face working for the rest of their lives
Source: Express - 5th July 2016ONE in five younger workers think they face working for the rest of their lives because they do not plan to ever retire, according to a new survey.
Divorce 'driving rise in over-50s who have to rent': Nearly a third now lease property after strong increase over the past five years
Source: Mail Online - 5th July 2016The proportion of over-50s living in a rented home has grown strongly in the last five years, according to research.
What next for UK pensions post-Brexit
Source: FT Adviser - 5th July 2016Both The Pensions Regulator and the Pension Protection Fund will continue largely unaltered in terms of their remits post Brexit, according to law firm Sackers, following the UK’s vote to leave the European Union.
Over 50s Spending Spree After Paying Off The Mortgage
Source: iExpats - 4th July 2016Most over 50s who have paid off their mortgages splash the cash they are saving on holidays, home improvements and gifts for the family rather than boosting their retirement savings.
Number of over-50s living in rented homes surges as house prices soar
Source: Mirror - 4th July 2016Research carried out by Saga suggests the rising number of divorces in the age group could be behind the increase
Sharp rise in over-50s living in rented homes
Source: Yahoo Finance - 4th July 2016The proportion of over-50s living in a rented home has grown strongly in the last five years, according to research from Saga Home Insurance.
Post-WWII baby-boomer pensioners to be optimistic after fallout from Brexit
Source: Express - 3rd July 2016New official figures show that retirement incomes have almost caught up with the working population, after many years when they lagged behind and pensioner poverty was a major national concern.
Pension fund levy boost threatens Tata Steel rescue bid
Source: This Is Money - 3rd July 2016The Pension Protection Fund could dramatically raise its levy on Tata Steel’s pension scheme if the Government pushes on with its rescue plan.
Don’t panic – yet. The Brexit vote has had a surprise effect on pension funds
Source: The Guardian - 3rd July 2016The markets went into meltdown and the pound sank against the dollar but giant pension funds have been largely unaffected, with some even reporting gains
Falling pound hits British pensioners living overseas
Source: The Guardian - 2nd July 2016Some retirees could be forced to return to the UK after the dramatic drop in the value of sterling after Brexit vote
Volatility warning for new breed of pension investors
Source: Herald Scotland - 2nd July 2016The advent of a new era of stock market volatility will be a big test for the government’s much-vaunted pension freedoms, and for all those now running DIY pensions especially with smaller pots, experts have said.
'Pensions' delicate balance' post Brexit vote
Source: BBC - 2nd July 2016Pensions Minister Ros Altmann says there is a "delicate balancing act" to maintain the strength of pension schemes amid the uncertainty of Brexit.
Record numbers working beyond retirement age, says report
Source: AOL Money - 30th June 2016A record number of people are working beyond traditional retirement ages following a "surge" in self-employment, according to a report.
'Pension time bomb' warning: Annuity rates slashed 8% and final salary deficits widen as Brexit vote sees gilt yields crash
Source: This Is Money - 30th June 2016A collapse in gilt yields - the interest earned on UK Government bonds - could be building a 'pension time bomb' as annuity rates are slashed 8 per cent and final salary scheme deficits widen after the Brexit vote.
Great expectations in retirement are unrealistic for many
Source: Actuarial Post - 30th June 2016New research from NEST, released today to coincide with the NEST Insight conference, reveals that millions of people have unrealistic expectations about their retirement income.
New programme launched to help over 50s overcome isolation
Source: ITV News - 30th June 2016A new programme is being launched today (29 June) in Birmingham to help anyone over 50 overcome isolation.
PM: 'very important' ex-pats get UK pension certainty
Source: Citywire - 29th June 2016Prime minister David Cameron has said that giving British citizens living abroad on UK pensions certainty would be ‘very important’ during negotiations to leave the EU.
Pensioners enjoying nearly the same incomes as workers
Source: Moneywise - 29th June 2016The gap between the incomes of pensioners and workers has narrowed substantially over the last 20 years, according to the Office for National Statistics (ONS).
Top five pension con tricks revealed
Source: Moneywise - 28th June 2016A pension fraud campaign group has highlighted five signs that should set alarm bells ringing and alert you to the fact you and your savings could be the target of a sophisticated scam.
Annuities take a hit as rates fall following Brexit
Source: The Guardian - 27th June 2016Retirees thinking of using their pension to buy an annuity to fund their retirement are advised to buy sooner rather than later
IFA reaction: Brexit stokes pension fears and uncertainty
Source: International Adviser - 27th June 2016British expats living overseas face a period of uncertainty around retirement plans after the UK’s shocking decision to leave the European Union on Friday, according to IFA firms around the world.
Millions of women miss out on pensions in the UK - because they work part time
Source: Mirror - 27th June 2016Workers who earn less than £10,000 aren't automatically given a workplace pension and so don't save for their retirement
Bonds rate fall set to hit pensions as interest rates paid out on Government debt collapse after Brexit vote
Source: This Is Money - 27th June 2016Pension deficits could balloon after a collapse in the interest rate paid on Government bonds.
Investors poured cash into the bonds on Friday as they sought safe havens from the market turmoil.
Falling pound will hit expat pensioners: Those who get top rate of the State pension risk losing £817 a year
Source: This Is Money - 26th June 2016The lure of better weather and living conditions has tempted many British pensioners to retire overseas. It is estimated there are 1.1million British expat pensioners globally, with roughly 400,000 of them living in the eurozone.
Keep calm and carry on... paying in to your pension: Experts predict annuities will become popular again
Source: This Is Money - 26th June 2016Our ability to build retirement wealth through saving into a pension faces a multitude of challenges in the wake of the country’s decision to vote to leave the EU.
What Brexit means for your pensions, mortgages and money
Source: Express - 25th June 2016BRITAIN'S historic vote to leave the European Union is set to have a big impact on household's everyday finances.
What the EU vote could mean for pensions
Source: Money Marketing - 25th June 2016The future of the triple lock on state pensions, the tax relief system and defined benefit schemes have all been called into question by the vote to leave the European Union.
What does Brexit mean for pensions?
Source: Moneyfacts - 25th June 2016The votes have been cast and the decision made - Britain is leaving the EU. Many Brits have woken up to the news with surprise and are now wondering how this will affect them and their finances.
What will Brexit mean for the over-50s?
Source: Saga - 25th June 2016Although there's a lack of clarity about what will happen in the future, we look at how the immediate aftermath of the Brexit vote could affect the over-50s.
Brexit: How will pension regulation change?
Source: Professional Pensions - 24th June 2016Britain's vote to leave the European Union has shocked pollsters and investors, but what are the legislative and regulatory changes schemes and trustees can expect? James Phillips reports.
BREXIT: experts look at the impact for pensions
Source: Pensions World - 24th June 2016The United Kingdom has voted to leave the EU, and the stock market has responded by falling 6% in early morning trading with volatile markets.
Pension savers told 'DON'T PANIC' amid market carnage but follow THESE key steps
Source: Express - 24th June 2016RETIREMENT savers have been urged to keep their cool and not make hasty decisions amid stock markets turmoil sparked by Britain's vote to leave the EU.
UK pension deficit jumps by £80bn overnight due to Brexit
Source: The Actuary - 24th June 2016The gap in UK defined benefit (DB) pension funding has now reached £900bn, an increase of £80bn from yesterday, as a result of UK’s decision of leaving the EU, Hymans Robertson has confirmed.
Brexit: what's going to happen to our money now we're leaving the EU?
Source: BT.com - 24th June 2016The UK has voted to leave the EU. We look at how the markets and sterling have reacted and what it could all mean for your money.
Brexit: What does it mean for expats, here and in the EU?
Source: BBC - 24th June 2016Approximately 1.3 million Britons live and work in Europe. Spain's sunny climes are the biggest draw for expats - with Ireland and France following behind.
'Brexit' heralds 2020 state pension crunch time
Source: Citywire - 24th June 2016State pension predicted to come under severe pressure in 2020 as impact of EU exit on UK's demographics takes its toll.
Union urges M&S to open talks about pay and pension changes
Source: The Guardian - 23rd June 2016Thousands of shopworkers concerned about proposed cuts to Sunday and bank holiday pay, says Usdaw
Government writes to Brits ineligible for state pension
Source: FT Adviser - 23rd June 2016The government has said it will send letters to about 100,000 people warning them they are unlikely to receive the new flat rate state pension unless they take action.
The £30k cut to your pension lifeline: Former employees of companies that have gone bust face financial blow if they retire early
Source: This Is Money - 23rd June 2016Hundreds of thousands of former employees of companies that have gone bust face a £29,000 pension blow if they retire early.
Life is more enjoyable after retirement
Source: Reuters - 23rd June 2016Enjoyment of everyday activities increases after retirement, a study from Australia has found.
Government contacting tens of thousands over state pension 'confusion'
Source: Yahoo Finance - 23rd June 2016More than 100,000 people who do not qualify for the new state pension will be written to by the Government as part of plans to raise awareness of the changes.
State pension outcasts to receive warning letters
Source: BBC - 23rd June 2016Letters will be sent to more than 100,000 people who are set to miss out on the new state pension owing to a lack of contributions.
PPF slams proposed British Steel pension cuts
Source: FT Adviser - 23rd June 2016The Pension Protection Fund has criticised a radical government proposal to cut benefits for members of the British Steel Pension Scheme, saying it would not want to insure a scheme that did not have a proper sponsoring employer.
Who will pay for aged care?
Source: FT Adviser - 23rd June 2016Newspaper headlines suggest that many industries are facing a ‘timebomb’.
However, even a ‘back of a vape packet’ calculation suggests that the care industry may well be correct when it suggests that the UK...
New State Pension: Committee publishes Government response
Source: Parliament.UK - 23rd June 2016In its 27 March 2016 report the Committee found widespread confusion over the impact of the New State Pension, just weeks before its introduction, with many people left "unprepared and confused".
Over-50s overwhelmingly in favour of Brexit –and 77 per cent believe it will see end of EU
Source: Express - 21st June 2016TWO-thirds of over-50s will vote for Brexit in this week's referendum – with 77 per cent believing it could spell the end of the EU altogether.
UK pension deficit grew £120bn over six weeks
Source: Pensions World - 21st June 2016Huge volatility is a major problem for UK defined benefit schemes.
At Thursday last week the collective UK DB pension deficit had reached £850bn,...
Staying in the EU will be CATASTROPHIC for state and private pensions, expert warns
Source: Express - 21st June 2016ONE of Britain's foremost pensions experts has warned that remaining in the EU will be catastrophic for both state and private pensions in the UK.
Two attractive solutions for retired people seeking a new house
Source: Express - 19th June 2016ANYBODY aged 65 today might well live at least until their early 80s, so who knows what’s in store for those still in their 50s?
Almost 10 MILLION over-50s delay retirement to make ends meet
Source: Express - 19th June 2016Almost 10 million people over 50 are now in employment – the largest number since records began in 1992.
One quarter of workers not in pensions ‘due to box-ticking small companies’
Source: Professional Pensions - 18th June 2016Smaller companies need to emulate the success of their larger competitors in encouraging employees to stay in workplace pensions, say experts.
Number of retired renters soars by more than 200,000 in 4 years
Source: National Landlords Association - 17th June 2016The number of people living in private rented accommodation in retirement has soared by more than 200,000 in the last four years, according to a poll of private renters*.
EU watchdog defends widely criticised cross-border pension
Source: International Adviser - 17th June 2016The introduction of a Europe-wide single pension product will be good for providers and savers, an EU regulator has said.
Pensioner property wealth up £9.24bn so far this year
Source: Property Investor Today - 17th June 2016Retired homeowners have seen the average value of their property rise by £500 a month since the start of this year thanks to rising property values, new figures show.
British Steel workers urged to back pension deal in bid to avoid a rescue from the protection fund
Source: This Is Money - 17th June 2016Thousands of members of the British Steel pension scheme have been asked to accept worse terms on their retirement benefits, in a bid to avoid a rescue from the pensions lifeboat.
UK plc sleepwalking into BHS-style black hole, pensions experts warn
Source: Evening Standard - 16th June 2016Pension experts told corporate Britain today to get their business in order, in the wake of the commotion surrounding collapsed BHS’s £571 million pension fund black hole.
NHS figures reveal staff receiving massive £50k pensions more than doubles
Source: Express - 16th June 2016NHS staff retiring on pensions of more than £50,000-per-year has more than doubled in five years.
Green has a thin skin but a fat wallet – will he open it for BHS pensioners?
Source: The Guardian - 16th June 2016The biggest revelation was that Sir Philip Green can talk for six hours without swearing. Few would have suspected that. He could not, however, do so while being polite.
Early retirement 'will be dead in 13 years'
Source: Morning Star - 16th June 2016EXPERTS predicted the impending 'death of early retirement' yesterday after official figures revealed that more over-50s are working than ever before.
Beware rise in pension scams with around 60 savers a month being targeted by crooks in 2016
Source: Mail Online - 15th June 2016A major insurer says the number of customers asking to transfer their pensions to suspected scams has tripled.
Retail tycoon Green says can resolve BHS pension crisis
Source: Yahoo Finance - 15th June 2016Retail tycoon Philip Green said he was working to fix a gaping hole in the pension scheme of BHS as lawmakers questioned him over the demise of the department store chain he sold to Dominic Chappell, a serial bankrupt with no retail experience.
Alert over pension freedom rip-offs: Seven in ten savers who have taken advantage failed to shop around for the best deal
Source: This Is Money - 15th June 2016Seven in ten savers who have taken advantage of new pension freedoms failed to shop around for the best deal.
Smaller pension funds to suffer most if there's a Brexit
Source: City A.M. - 15th June 2016Mercer has warned smaller pension funds are most at risk from potential market volatility in the wake of Brexit.
Britain heading for 'retirement time bomb as savers splash out on holidays and new cars'
Source: Express - 14th June 2016BRITAIN is heading for a retirement crisis as workers "fail to grasp" the need to save for the future, experts have warned.
NHS turns to retirees to ease GP crisis in Scotland
Source: The Courier - 14th June 2016NHS chiefs are pleading with doctors to come out of retirement to ease the GP crisis.
Webb accuses Treasury of taking over pension policy
Source: FT Adviser - 14th June 2016The Lifetime Isa could pass into law without being subject to the scrutiny of the House of Lords, former pensions minister Steve Webb has warned.
A quarter of my £648 monthly pension goes on council tax - how is this fair? Retirement Agony Uncle Steve Webb on how to cut bills
Source: This Is Money - 13th June 2016I am now a pensioner and have just received my council tax bill for the next financial year.
This is why the UK is facing a time bomb of retirement woes
Source: City A.M.- 13th June 2016Longer lives have combined with scant savings to put the UK on the road to pensions chaos, one financial advisory firm has today warned.
Pension exit fees must be capped at £50: Call for tougher limit as it's revealed charges are swallowing 10% of pots
Source: Mail Online - 13th June 2016Savers with smaller pension pots are being slapped with charges that can total 10 per cent of their nest egg, according to research by Citizens Advice
DOMINIC LAWSON: Trying to terrify the elderly about their pensions? The PM must be desperate!
Source: Mail Online - 13th June 2016A couple of Scottish National Party MPs, with whom I was sharing a glass or three at Westminster a few weeks ago,...
From project fear to project panic: Embattled PM trying to scare pensioners, says minister after he claimed 'triple lock' could be scrapped after a Brexit
Source: Mail Online - 13th June 2016A cabinet minister yesterday accused David Cameron of trying to ‘terrify pensioners’ into voting to stay in the EU as he ramped up warnings about the cost of Brexit.
Six million workers saving for first time: You’ve got to roll with company pensions
Source: Express - 13th June 2016THE UK pension system has been a disaster zone for 20 years, but there has been one bright spot in the shape of so-called auto-enrolment.
EU referendum: Cameron issues Brexit pensions warning
Source: BBC - 12th June 2016David Cameron has said the government might not be able to protect spending on pensions, the NHS and defence in the long term if the UK leaves the EU.
David Cameron says state pensions could be at risk if Brexit becomes reality
Source: The Guardian - 12th June 2016Prime minister claims protected NHS cash may have to go as he cautions voters on possible consequences of voting to leave
Brexit would threaten pensions and the NHS': David Cameron in 'panic' mode as he warns of brutal new wave of austerity if voters reject his pitch to stay in the EU
Source: Mail Online - 12th June 2016Brexit would put pensions and NHS spending in danger, David Cameron warned today amid increasing signs of panic in Downing Street over the EU referendum result.
Pension exit fees must be capped at £50: Call for tougher limit as it's revealed charges are swallowing 10% of pots
Source: Mail Online - 11th June 2016Savers with smaller pension pots are being slapped with charges that can total 10 per cent of their nest egg, according to research by Citizens Advice.
Soaring house prices mean pensioners are sitting on £926bn-worth of property wealth
Source: Express - 11th June 2016PENSIONERS are sitting on a record £926bn-worth of property wealth, new figures show.
Pension pot rip-off: fees swallow up to 10% of retirement funds
Source: Yahoo Finance - 11th June 2016People using new rules to access their pensions have seen as much as 10% of their retirement pot gobbled up by exit charges and other fees, research from Citizens Advice has shown.
70% of pension feedom users fail to shop around
Source: Citywire - 11th June 2016Seven out of every 10 people who have accessed their pension since the pension freedoms were introduced did not shop around for a different product, Citizens Advice research shows.
Only three in ten people shop around under the pension freedoms
Source: Pensions World - 10th June 2016Seven in 10 people who have accessed their pension since new freedoms were introduced didn’t shop around for different products, reveals new research by Citizens Advice.
Savers 'paying up to 10%' to cash in pension pots
Source: The Guardian - 10th June 2016Citizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardest
Consumers stung by 10% 'exit fees' to access pension cash under George Osborne's reforms
Source: Mirror - 10th June 2016Citizen's Advice says people should shop around for the best deal and has called for a flat £50 fee to stop customers losing out
How keeping fit in middle age boosts health in retirement: Exercising in your 40s 'cuts chances of stroke by a third'
Source: Mail Online - 10th June 2016Being fit in your 40s could cut your risk of a stroke in your 60s.
Research has shown that men and women who are very fit in their mid to late 40s are a third less likely to suffer a stroke aged 65-plus...
Ros Altmann: How the EU has protected our pensions
Source: Money Marketing - 9th June 2016Most people involved in pensions probably understand the risks of leaving the EU.
Many retirees set to use pension freedoms just to get by: Nearly a third of over-55s are in 'uncomfortable' financial position
Source: Mail Online - 9th June 2016Many people approaching retirement are likely to take advantage of the new pension freedoms just to get by as nearly one in three over-55s said to be in an ‘uncomfortable’ financial position, a new survey has found.
70% of pension professionals predict increased costs in the event of BREXIT
Source: Pensions World - 9th June 2016A ‘leave’ vote in the forthcoming EU referendum would cause negative portfolio returns and result in a prolonged period of uncertainty according to research from mallowstreet.
War widows 'discriminated against' over pension, says soldier's son
Source: BBC - 9th June 2016The family of a Flintshire soldier killed in the Falklands War has launched a campaign calling for all war widows to receive a pension for life.
Steel crisis: Tata pensioners 'could lose average of 25%'
Source: BBC - 9th June 2016Trustees of the Tata Steel pension scheme are writing to members urging them to take part in the UK government's consultation on changing the benefits they will receive.
Longevity risk biggest concern for pension schemes
Source: Professional Pensions - 8th June 2016When asked what level of priority they assign to different risk types, 26% said ‘very high' in relation to longevity according to Pensions with Purpose: Meeting the Retirement Challenge.
Pensions In The UK and EU Going Bankrupt
Source: Market Oracle - 8th June 2016Pensions in the UK, EU and internationally will go bankrupt as the long awaited ‘pensions time bomb’ detonates in slow motion.
UK pension changes: be on guard, Brits
Source: The Senior - 8th June 2016New British pension rules have taken effect, prompting the group British Pensions in Australia (BPiA) to warn expatriates what may be in store.
Court ruling protects pensions from bankruptcy claims
Source: FT Adviser - 8th June 2016People facing bankruptcy proceedings do not have to hand over undrawn pension funds, the High Court has ruled.
Pensions issue fuels ‘recruitment crisis’
Source: IOM Today - 8th June 2016Teachers’ pension arrangements are fuelling the secondary schools’ ‘recruitment crisis’.
Royal Mint starts selling gold bars to pension savers - but it levies annual fee of up to 1% (including storage)
Source: Mail Online - 8th June 2016Pension investors can stash gold bullion bought from the Royal Mint in their retirement pots from today, the 1,000-year-old supplier has announced.
30% of over-55s 'already financially uncomfortable ahead of retirement'
Source: Belfast Telegraph - 8th June 2016Nearly one in three over-55s describe their financial situation as "uncomfortable" and two-fifths worry about running out of cash in their retirement, a survey has found.
Worrying pension deficit at UK’s top charities
Source: Third Force News - 8th June 2016Data gathered from a survey of the largest 50 charities in the UK shows their pensions schemes’ combined deficit rose by over a third in the last two years.
Stock up in GOLD for your retirement with this special new scheme
Source: Mirror - 8th June 2016Savers can now keep solid gold in their pension pot thanks to a scheme from the Royal Mint. This is how to do it
New EU threat to your pension: Expert says vote leave to protect retirement pots
Source: Express - 8th June 2016Research shows a potential drop in annual EU migration following Brexit could force the government to lower the state pension and further increase the age it can be accessed.
How migration fall after Brexit could reduce state pension
Source: Professional Pensions - 7th June 2016Research shows a potential drop in annual EU migration following Brexit could force the government to lower the state pension and further increase the age it can be accessed.
Government pension meddling that will hit steel workers 'could hit payouts from final salary schemes across the board'
Source: Mail Online - 7th June 2016Elderly retirees with final salary pensions could see their payouts hit because of Government changes aimed at reducing the massive deficit at the British Steel scheme, a pensions expert warned today.
IT pros lead the way in retirement planning
Source: Information Age - 7th June 201623% of technology professionals are on track for retirement, almost double the UK average
Tata Steel pension cuts will hit older workers hardest but could still prove a good deal
Source: The Week - 7th June 2016Industry rescue scheme would completely freeze payouts on any pensions accrued before 1997
Why retiring at 65 won't be an option soon
Source: Management Today - 7th June 2016Forget retiring at 65. As people live longer – life expectancy at birth has increased globally by six years since 1990, according to the World Health Organisation – they will need or want to work longer.
Millennials saving for retirement
Source: Moneyfacts - 7th June 2016The general assumption that younger workers aren't concerned about saving for the future appears to be unfounded, with recent research from PensionBee finding that just 7% of those aged 25-44 would rather spend their money than save into a pension.
Working till you drop: Five-minute guide to the chaining face of retirement
Source: Express - 5th June 2016ANYBODY who is looking forward to a relaxing retirement after years of hard work may have to think again.
Moray women want pension equality
Source: The Northern Scot - 5th June 2016A GROUP of Moray women have banded together to fight for a fair deal on pensions.
Frozen pension: the RAF veteran facing a chilling choice in Canada
Source: The Guardian - 4th June 2016At 90, Joe Lewis could return to the UK for his full state pension – without his sick wife who’s in care. Or he could sell his home to try and make ends meet
Some steel pensions could be largely frozen, Steve Webb says
Source: BBC - 4th June 2016Some retired steelworkers could see their pensions "largely frozen" under possible changes to the scheme's rules, a former pensions minister has warned.
Pensioners warned they could lose thousands in planned rule changes
Source: Belfast Telegraph - 4th June 2016Pensioners across the board are being warned they could lose out on over £10,000 as a result of proposed Government rule changes to the British Steel pension fund.
BHS pension falls on lifeboat as rescue bids fall through
Source: Citywire - 4th June 2016The department store BHS is to be wound down, forcing its £571 million pension scheme liabilities on to the Pension Protection Fund.
Vulnerable British Steel pensioners set to lose thousands under the changes now being pushed through by Government
Source: This Is Money - 4th June 2016Some of the oldest and most vulnerable British Steel pensioners stand to lose thousands of pounds from changes being pushed through by the Government, analysis shows.
Aviva finds ‘footloose’ retirees regret lack of planning
Source: FT Adviser - 3rd June 2016Those working later into retirement are often doing so because they did not engage early enough with their retirement finances, according to Aviva.
Number of retirees expecting to leave an inheritance HALVES in just five years as they dole out money to support families
Source: This Is Money - 3rd June 2016Fewer retirees can afford to leave an inheritance nowadays because they are already doling out handouts to family members, new research suggests.
New retirees can't afford to leave inheritances
Source: Moneywise - 3rd June 2016Under a third of new retirees say they will be able to leave their loved ones an inheritance when they die.
Brexit: Reduction in EU immigration would impact the state pension
Source: Pensions World - 3rd June 2016If EU migration into the UK falls by around 150,000, the net impact on tax revenues and benefit expenditure could cost the state more than £3bn a year by 2032,...
Immigration is Good for Your Pension
Source: Yahoo Finance - 3rd June 2016Immigration is an emotive issue. Both sides of the Brexit debate have used the number of migrants coming every year to Britain as a battering ram...
Majority of retirement plans done ‘in people’s heads’ or not at all – survey
Source: Professional Adviser - 3rd June 2016The majority of UK savers who have thought about planning their retirement have done so “in their heads”,...
'State pension could be cut' if immigration slows - report
Source: BT.com - 3rd June 2016Reducing the movement of EU migrants into the UK could impact the state pension, new research suggests.
BHS pension falls on lifeboat as rescue bids fall through
Source: Citywire - 3rd June 2016The department store BHS is to be wound down, forcing £571 million in pension scheme liabilities on to the Pension Protection Fund (PPF).
58% value phased retirement globally
Source: Employee Benefits - 2nd June 2016More than half (58%) of global respondents feel that phased retirement is a very or extremely important occupational benefit, according to research by the Aegon Centre for Longevity and Retirement (ACLR) and the Transamerica Centre for Retirement Studies.
How EU meddling slashed £15,000 off your pension: Loyal savers hit by record low payouts from insurance giants
Source: This Is Money - 2nd June 2016Savers have been hit by a secret attack on pensions that could strip £15,000 from their retirement income.
UK pensioners worse off in Brexit, says Treasury
Source: Investment & Pensions Europe - 2nd June 2016UK pensioners could lose up to £32,000 (€42,050) off their assets if the UK votes to leave the European Union (EU), according to an analysis published by the UK Treasury.