Retirement and Pensions News Headlines

Savers use pension freedoms to switch cash to low-interest accounts - forgoing tax benefits and risking inflation losses
Source: Mail Online - 27th August 2016
Nearly a third of people using pension freedoms to withdraw retirement cash are stashing it in bank accounts despite rock bottom interest rates, new research reveals.
Forget baby boomers and millennials, it's Generation X that's shaping the fate of companies in Europe
Source: City A.M. - 27th August 2016
Sandwiched between the headline-grabbing millennials and baby boomers, Generation X is sometimes overlooked
The price of freedom – Government grabs tax bonanza from pensioners' savings
Source: MSN Money - 26th August 2016
People taking out retirement savings are being caught out by unexpected taxes and welfare reductions, a study shows.
‘Perfect storm’ for annuities could mean drawdown as default
Source: FT Adviser - 26th August 2016
A ‘perfect storm’ for annuities could lead to drawdown becoming the default retirement option, according to Alliance Trust Savings.
‘I’m sick of pensions’: What consumers make of freedom reforms
Source: Money Marketing - 26th August 2016
Research from Citizens Advice has shone a spotlight on consumers’ experience of pension freedoms and how the process of accessing a pension could be improved.
Workers risk a retirement shortfall as four in five have no idea how much National Insurance they must pay to get the full state pension
Source: This Is Money - 25th August 2016
An overwhelming 80 per cent of workers have no idea how many years they must pay National Insurance to get a full state pension in old age, new research reveals.
Thousands Withdraw Pension Cash Then Leave It In The Bank 'Earning Nothing'
Source: Yahoo Finance - 25th August 2016
Tens of thousands of people are withdrawing huge amounts from their pension pots only to leave their savings languishing in low-interest bank accounts.
Sellafield anti-terror police in pension age legal battle
Source: News & Star - 25th August 2016
A new law which will see police officers who protect Sellafield working until they are 65 is being challenged in the High Court.
The people who are REALLY most at risk from new pension rules
Source: MSN Money - 25th August 2016
There is a huge drive to encourage younger people to get into the pension savings habit with the introduction of auto enrolment, and lots of help for those retiring from work.
Tax warning over unlocked pensions
Source: BBC - 25th August 2016
Some people are being hit with an unexpected tax bill after unlocking their money from a pension pot, according to Citizens Advice.
Final salary pensions could be cut by up to a third under new Government shake-up
Source: Mirror - 25th August 2016
MPs may change rules to help firms facing a £1trillion funding black hole as people living longer, low interest rates and volatile stock markets have left huge deficits.
Who are we to judge what funds a happy retirement?
Source: Financial Reporter - 25th August 2016
No one expects retirement to be a time where you can’t have fun, treat yourself and your relatives, and be a little bit looser with your wallet than you may have been before you left work.
How to give YOUR pension a Brexit boost from the falling pound by investing in multinational firms
Source: Mail Online - 24th August 2016
The falling value of the pound has dealt a blow to holidaymakers, who have found that ice creams and meals out in Europe and the U.S. are more expensive this summer.
Civil nuclear police: Working to 65 'physically impossible'
Source: BBC - 24th August 2016
Representatives of 1,250 armed police officers who protect UK civil nuclear sites are challenging a rule forcing them to work beyond the age of 60.
Calls for more pension advice after study raises concerns over future plans
Source: The Guardian - 23rd August 2016
Citizens Advice survey finds three fifths of British people who have accessed pensions have not thought about financing future care costs
Pension dippers fail to plan for care costs: Just one in six who has taken money out have budgeted for the future
Source: Mail Online - 23rd August 2016
More than half of people who have taken money out under pension freedoms have not planned for future care costs, a study shows.
One In Eight Over 50s Called By Pension Scammers
Source: iExpats - 23rd August 2016
Pension scammers have cold-called one in eight retirement savers aged over 50 offering huge returns that fail to deliver, according to a new survey.
No relief from the taxman: Pensioner households still pay around 30% of their income into Treasury coffers
Source: Mail Online - 22nd August 2016
Pensioners fork over nearly 30 per cent or £7,000 of their annual household income to the taxman - not much less than before they retired, new research reveals.
Chileans protest against Pinochet-era private pension scheme
Source: BBC - 22nd August 2016
Hundreds of thousands of people across Chile have taken part in protests against the country's controversial privatised pension plan.
The retirement plan for people who never retire
Source: Yahoo Finance - 22nd August 2016
Angela Versch worked as a day-care teacher for Bon Secours Health System in Richmond, Virginia, for 17 years
Central bank's plan to raise retirement age to 69 ignites anger in Germany
Source: Sunday Independent - 22nd August 2016
Chancellor Merkel's spokesperson Steffen Seibert insists government 'stands by retirement at 67'
Want a happy retirement? Planning ahead is key, says Deborah Stone
Source: Sunday Express - 21st August 2016
Good news: retirement is better than expected as long as you are prepared, according to a leading pensions provider.
The state pension top-up that no one seems to want
Source: The Guardian - 20th August 2016
More than a quarter of a million people were expected to boost their pension; fewer than 4,000 have signed up so far
No relief from the taxman: Pensioner households still pay around 30% of their income into Treasury coffers
Source: Mail Online - 19th August 2016
Pensioners fork over nearly 30 per cent or £7,000 of their annual household income to the taxman - not much less than before they retired, new research reveals.
Capita launches new advice service for employees nearing retirement
Source: Pensions World - 19th August 2016
Capita Employee Benefits has joined forces with LV=, Foster Denovo Limited and Towry to offer guidance and financial advice to members approaching retirement.
BoE base rate drop hits pensions
Source: FT Adviser - 19th August 2016
The Bank of England’s decision to cut interest rates has already caused huge ramifications for consumers approaching retirement.
Pensions drawdown must be explained simply
Source: FT Adviser - 19th August 2016
Pensions drawdown is still too complicated to explain to the average consumer, industry spokesmen have claimed.
The Guardian view on pensions: stop the bosses plundering our savings
Source: The Guardian - 18th August 2016
Employees get less to live on, while shareholders are handed billions: a classic case of how big businesses have their priorities wrong
Apply now to gain higher pensions lifetime allowance
Source: Moneywise - 18th August 2016
Pension savers that are at risk of breaching the lifetime allowance can now apply for protection through a new HMRC portal.
Jeremy Corbyn pledges support to ‘Waspi women’
Source: FT Adviser - 18th August 2016
Labour leader Jeremy Corbyn will seek to address the grievances of the Women Against State Pension Inequality (Waspi) campaign, as he fights to retain the leadership of his party, his office has confirmed.
Will EU expats have state pensions frozen? Retirees in dark over future finances after Brexit vote
Source: This Is Money - 18th August 2016
Elderly British expats in the EU face the threat of eroding income and a life of poverty abroad after their retirement plans were upended by the Brexit vote.
EXCLUSIVE: Millions suffer state pension CONFUSION as 100,000 await Gov rejection letters
Source: Express - 17th August 2016
CONFUSION over the new state pension is rife, setting millions of people up for a nasty shock at retirement, can exclusively reveal.
Pension liberators contact 12 per cent of over-50s
Source: FT Adviser - 17th August 2016
More than one in ten people over 50 have been contacted by pension liberators, the vast majority through cold-calling, a new survey by Old Mutual Wealth has found.
Could Brexit kill your retirement dreams?
Source: Independent - 17th August 2016
Experts warn of perfect pension storm with inflation, economic downturn and even new rules on exit penalties set to hit savers hard
Brexit latest: Pensions black hole widens, inflation accelerates, Bank of England predicts more unemployment
Source: Independent - 17th August 2016
Bank of England's monetary stimulus depresses investment returns increasing pension gaps; joblessness predicted to hit 5.5% by the end of next year; meanwhile the FTSE 100 is booming
Moaning about bad returns on your savings? Stop complaining – it's your fault that interest rates are so low
Source: Independent - 17th August 2016
Do savers really believe a 10 per cent fall in the value of their house is a price worth paying for a couple of extra percentage points of interest on their current accounts?
Selfish baby boomers: generation wants to spend, spend, spend, rather than leave cash to their children
Source: Mail Online - 17th August 2016
The children of baby boomers are heading towards a financial shock after it was revealed their parents aim to spend all their cash rather than pass it on.
Industry must work harder to save older people from scams - think tank
Source: Professional Adviser - 17th August 2016
Older people now have to make more important financial decisions than ever before yet little is known about what actually helps them avoid the growing threat of scams, a think tank has said.
'Pension burden avalanche' bearing down on young: Workers struggle to save for their own retirement as state liabilities rise
Source: Mail Online - 16th August 2016
Younger people are being overburdened by the increasing cost of funding state and public sector pensions while they are still struggling to save for their own old age, suggests a new report.
Retirees prove more prudent than expected after pension freedoms
Source: The Guardian - 16th August 2016
A year after compulsory annuities were abolished, pensioners are withdrawing around 4% a year from their pots
German central bank suggests raising retirement age to 69
Source: Mail Online - 15th August 2016
Germany's central bank is arguing that the country's retirement age should ultimately be lifted another two years to 69, a call that received a frosty response from the government.
Pension freedom withdrawals top £8bn in first year - ABI data
Source: Professional Adviser - 15th August 2016
Total payouts in the first year of pension freedom reached £8.2bn, according to data from the Association of British Insurers (ABI).
Minority 'withdrawing too much too soon from pension pots'
Source: AOL Money - 15th August 2016
Some people using the new pension freedoms may be plundering too much from their retirement pots too soon, insurers have warned.
Younger generation in UK face overwhelming pensions bill, says report
Source: The Guardian - 15th August 2016
Rebalancing between generations needed to ease burden of spending pledges for older people in Britain, says thinktank
JEFF PRESTRIDGE: We need a regulatory regime that requires companies to fund their pension schemes adequately
Source: Mail Online - 14th August 2016
Whichever way you analyse it, Government policy on pensions is in a right old royal mess.
Grim state of UK's defined pensions scheme calls for a dramatic cure, says SIMON WATKINS
Source: Mail Online - 14th August 2016
The final curtain comes down on BHS this weekend (or should that be the final shutter?) as the group’s last stores close and its remaining staff head for the Jobcentre.
Ex-Pensions Minister Steve Webb calls for early rescue of funds through Pension Protection Fund
Source: This Is Money - 14th August 2016
Former Pensions Minister Steve Webb says the Government should consider calling time on the worst ‘zombie’ pension funds and force them to join the Pension Protection Fund.
The scandalous changes to company pension schemes
Source: The Guardian - 13th August 2016
Every time an employer closes a final salary scheme and moves workers to a ‘defined contribution’ one, it shifts all the risk onto them
Retirement villages could be the answer to later years that sing
Source: Express - 13th August 2016
So says Julie Andrews as Maria in one of the best-loved musical films of all time – The Sound Of Music.
Unions threaten battle with Royal Mail over pension scheme change
Source: The Guardian - 12th August 2016
Royal Mail is facing a battle with its 140,000 workers after unions threatened a campaign of action against plans to slash pension benefits.
FTSE giants trying to trick workers out of their pensions: Huge sums offered to employees to give up their perks
Source: Mail Online - 12th August 2016
They were the pension sweeteners once dubbed 'plasma TV deals' because when offered with the chance of getting a large cash lump sum from their nest egg, savers would rush out and spend it on the latest gadget.
Watch out for pension deadlines: Prepare for the 55, 65 and 75 age milestones to make retirement comfortable
Source: Mail Online - 11th August 2016
Pension age deadlines are far more fluid nowadays as older people have gained greater control over when they retire and how they run their finances in old age.
'It was worth it' Greenland's ‘simple' exit from Europe 'proved doomsday prophets wrong'
Source: Express - 11th August 2016
BREXIT could provide a boost to Britain's economy that would shatter the warnings of "doomsday prophets", a veteran of negotiations to cut ties with Brussels has suggested.
Big cuts in store for Royal Mail and Post Office workers' pensions
Source: The Guardian - 11th August 2016
Backlash expected over part closure of defined-benefit schemes, which companies say are unaffordable
Transgender person who was refused the female state pension at the age of 60 after she chose to stay married will take her fight to the European courts
Source: Mail Online - 11th August 2016
A transgender who was refused the female state pension at the age of 60 because she stayed married to her wife is taking her case to the European courts.
How to boost YOUR pension income and maximise retirement savings
Source: Express - 10th August 2016
WORKERS have been warned now could be the worst times in history to make a retirement decision after actions by the Bank of England's actions hammer income prospects.
Steve Webb: Why we must stick with the triple lock policy
Source: Money Marketing - 10th August 2016
By how much should the state pension be increased every year? Attached to this seemingly innocent question is a multi-billion-pound price tag and a great deal of political controversy.
Altmann says her Waspi support ‘jeopardised’ her job
Source: FT Adviser - 10th August 2016
Former pensions minister Ros Altmann has revealed she fought behind the scenes for the Women Against State Pension Inequality (Waspi) cause when in government; a stance that “jeopardised” her position and was met with “total intransigence”.
Retiring abroad can cost a fortune
Source: Express - 10th August 2016
SPAIN is still the number one hotspot for Britons looking to retire overseas, but you must plan carefully to ensure the sun shines on your retirement.
UK pension deficit hits record £408bn
Source: Pensions World - 10th August 2016
The aggregate deficit of the 5,945 schemes in the Pension Protection Fund (PPF) 7800 Index has increased over the month to £408bn at the end of July 2016, from a deficit of £383.6bn at the end of June 2016.
£100,000 pensions that won't even buy a fish supper: Annuity payouts slashed again after last week's rate cut
Source: Mail Online - 10th August 2016
Money Mail today reveals how the Bank of England's bid to boost the economy has left pensioners with incomes of just £6 a day after a lifetime of saving.
Wealthy pensioners should downsize or remortgage their homes to pay sky-high care bills, says Theresa May’s policy chief
Source: Mail Online - 8th August 2016
Wealthy pensioners should downsize or remortgage their homes to pay sky-high care bills, Theresa May's director of policy has said.
Spain tops list of Brit's favourite retirement hotspots in 2016
Source: Moneywise - 8th August 2016
Spain has come top of a poll to reveal Brits’ most popular overseas retirement destinations. America came second in the rankings, followed by Australia, according to the research by financial services company Retirement Advantage.
Quiet retirement? These women are living proof YOU can find success with a new career
Source: Sunday Express - 7th August 2016
THESE women turned up their noses at retirement to start brand new careers.
Biggest shake-up yet for Pensions Regulator: MPs may demand sweeping new powers as boss faces fresh grilling
Source: This Is Money - 7th August 2016
The Pensions Regulator is facing its biggest ever shake-up as MPs will tomorrow launch a sweeping probe into its powers and whether it is currently fit for purpose.
The new pensions minister – in his own words
Source: Money Marketing - 6th August 2016
After what feels like a whirlwind of change here in Westminster, I am delighted to be speaking to Money Marketing readers as the new Minister for Pensions.
Lowest-Ever U.K. Interest Rates a Blow for Retired British Expats
Source: Expat Forum - 6th August 2016
The decision by the Bank of England to cut interest rates to its lowest ever rate of 0.25 per cent is set to be a blow to expat pensioners, many of whom rely on their savings and investments to meet everyday living costs.
Rate cut will "unleash catastrophic damage" on pensions, warns deVere
Source: Financial Reporter - 6th August 2016
deVere CEO Nigel Green has criticised the Bank of England's decision to cut interest rates and expand its Quantitative Easing programme, arguing that it will "unleash more catastrophic damage on pensions,...
Over fifties plan to leave £50,000 of pension behind
Source: FT Adviser - 5th August 2016
One in four over 50s are planning to leave on average 56 per cent of their pension behind after they die, which in cash terms comes to around £51,000 on average.
Why you're facing a £30,000 pension black hole
Source: The Week - 5th August 2016
A slowing global economy could mean people in their 30s and above are facing a huge shortfall in their pension savings.
Altmann warns of more pain for pensions post BoE action
Source: FT Adviser - 5th August 2016
Former pensions minister Baroness Ros Altmann has said there is further pain for UK pensions as quantitative easing worsens deficits and increases annuity costs.
Final salary pensions black hole grows by £60bn following cut in interest rates
Source: This Is Money - 5th August 2016
The black hole in Britain's final salary pension schemes has widened by £60billion following the cut in interest rates and resumption of quantitative easing.
UK interest rate cut is a 'hammer blow' for workplace pensions
Source: The Guardian - 4th August 2016
Pension payouts could fall to record lows as companies see cost of maintaining final salary schemes soar
‘Worst time ever’ to retire, as rates hit record low
Source: FT Adviser - 4th August 2016
The Bank of England’s decision to cut the base rate to a record low of 0.25 per cent today (4 August) means it is now probably the “worst time ever” to consider buying an annuity, according to Aegon pensions director Steven Cameron.
QROPS Pensions For British Expats In The UAE
Source: Money International - 4th August 2016
Two thirds of expats in the United Arab Emirates have failed to make adequate financial plans for their retirement.
Pensions vulnerable to post-Brexit UK recession
Source: FT Adviser - 4th August 2016
A UK recession in the wake of the EU referendum has been predicted, with experts fearing a knock-on effect on pensions.
Demand for retirement homes in UK slows
Source: Property Wire - 4th August 2016
The uptake of retirement housing in the UK softened in the second quarter of this year as many downsizers paused plans ahead of the European Union referendum vote, according to the latest quarterly review.
Women retiring this year expect to live on 27% less than men - and only 40% think they'll have enough to live comfortably
Source: This Is Money - 4th August 2016
Women retiring this year expect to have an average £14,450 a year to live on - some 27 per cent less than men, according to new research.
UK pension transfers back under the microscope
Source: International Adviser - 4th August 2016
The UK regulator is planning to take a fresh look at how it calculates levels of redress when unsuitable advice is given on the transfer of defined benefit (DB) pension schemes.
Delay (defer) your State Pension
Source: GOV.UK - 4th August 2016
Once you’re 4 months away from State Pension age, you can either claim your State Pension or delay (defer) claiming it.
Gender gap grows for expected retirement incomes
Source: Mail Online - 4th August 2016
Women retiring this year will be around £5,400 a year worse off than men finishing work in 2016, a report has found.
More than 6m over-45s rely on property to provide pension
Source: Property Investor Today - 4th August 2016
With the outlook for savers looking grim, almost half of over 45 year-old homeowners - equivalent to just over 6m UK households - see property as a crucial part of their retirement income planning, research shows.
Savers hit with annual pension withdrawal charges - even if they don't take out money
Source: Mail Online - 3rd August 2016
Savers are being hit with annual pension withdrawal charges — even if they don't take out any money.
Why you'll need save at least an extra £1,000 a year into your pension, as dire stock market returns spell a £30,000 black hole for your pot
Source: Mail Online - 3rd August 2016
Savers must set aside an extra £1,000 a year to keep their pensions on track because investment returns will be far lower over the next 20 years than anyone realises, Money Mail analysis reveals today.
Women fighting against increases to state pension age will march on the Senedd carrying begging bowls
Source: Wales Online - 3rd August 2016
Women Against State Pension Inequality said they know of people who have had to remortgage their houses or claim jobseekers’ allowance in order to survive
Women retiring this year will have record pensions but men will STILL be better off
Source: Express - 3rd August 2016
WOMEN retiring this year will have record pensions but will still be more than £5,000 worse off than their male counterparts.
Pensioners warned to think twice about cashing in
Source: Express - 3rd August 2016
BRITONS are seizing on pension freedoms to cash in their retirement pots but experts warn they must use their new powers wisely.
Gender gap grows for expected retirement incomes
Source: Belfast Telegraph - 3rd August 2016
Women retiring this year will be around £5,400 a year worse off than men finishing work in 2016, a report has found.
Will Brexit force British expats to return to the UK? We meet the Costa pensioners determined not to let the EU vote ruin their retirement
Source: This Is Money - 3rd August 2016
Every Sunday morning, the members of the Benavista Lawn Bowls Club meet and play on its peaceful green.
One in four aged over 50 plans pension 'gift' of £51k
Source: Moneywise - 3rd August 2016
One in four people aged over 50 plans to leave some of their pension behind to loved ones, research from Saga Investment Services has found.
May on a collision course with Brussels as EU demands WE pay £50BN for Eurocrat pensions
Source: Express - 3rd August 2016
BRITAIN is facing a bitter battle with the EU over a £50billion bill for funding the pensions of thousands of British-born Eurocrats, it emerged today.
Move over youth culture as PENSIONERS are named the happiest people in Britain
Source: Express - 3rd August 2016
IF YOU are lucky enough to be a pensioner then rejoice - as you are part of the happiest group in the UK.
The new pensions minister – in his own words
Source: Money Marketing - 3rd August 2016
After what feels like a whirlwind of change here in Westminster, I am delighted to be speaking to Money Marketing readers as the new Minister for Pensions.
Pensions return on average 10.1% a year over the past 52 years
Source: Pensions World - 2nd August 2016
The average pension fund return over 1963 to 2015 was 10.1% p.a while UK equities have produced a long-term return of 11.6% p.a over the same period, 5.9% p.a. ahead of retail prices and 5.8% p.a. ahead of wages and salaries...
Are the state pension triple lock's days numbered? PM says guarantee isn't under threat despite experts saying it's 'not sustainable'
Source: Mail Online - 1st August 2016
Prime Minister Theresa May and her team were forced to deny plans to slash state pension payouts for millions of Britons, over the weekend.
No consensus over pension 'triple-lock'
Source: BBC - 1st August 2016
Debate over the protection of state pension increases has been heightened with two former pensions ministers disagreeing on the issue.
Black hole in Britain's final salary pension schemes grows to a record £390BILLION
Source: Mail Online - 1st August 2016
The black hole in Britain's final salary pension schemes has grown to a record £390billion, new data suggests.
Company pension deficits soar as No 10 moves to quash fears over triple lock on state pay outs
Source: Herald Scotland - 1st August 2016
BRITAIN’S private sector pension scheme deficits have soared to a new record high, jumping 53 per cent in a single year to £390 billion, figures show today.
Double blow to savings: New fears for YOUR retirement funds as nest-eggs set to shrink
Source: Express - 1st August 2016
MILLIONS of people are facing a “devastating” double whammy on their savings this week.
No scrapping of triple-lock pension protection before 2020, says No 10
Source: The Guardian - 31st July 2016
Downing Street rejects former pensions minister Ros Altmann’s suggestion that guaranteed yearly rise could disappear
Triple-lock pension guarantee stands, says Downing Street
Source: BBC - 31st July 2016
There are no plans to end the current pensions guarantee, the government says, after a call to abolish it.
Government vows to protect pensions triple lock, after ‘grand betrayal’ warning
Source: Independent - 31st July 2016
‘Make no mistake, this would be a grand betrayal – a shocking broken promise hitting pensioners in the pocket,’ Labour says
Triple-lock pension protection should be abolished, says former pensions minister
Source: Independent - 31st July 2016
The triple-lock protection for state pensions should be abolished in order to save billions, the former minister responsible for the benefits has urged.
Why does it take 19 days to answer a pension info request? Firms accused of 'sluggish' and outdated customer service
Source: Mail Online - 31st July 2016
Pension firms take a 'sluggish' 19 days to answer customer enquiries and are wedded to old-fashioned practices, claims an online entrant to the industry which has released extensive details of its dealings with 24 other firms.
SNP urges pension review as reforms dubbed dangerous
Source: Scotsman - 31st July 2016
The SNP has demanded the government launch an independent review of pensions policy after the former pensions minister attacked reforms to savings as “dangerous”.
SNP urges pension review as reforms dubbed dangerous
Source: Scotsman - 31st July 2016
The SNP has demanded the government launch an independent review of pensions policy after the former pensions minister attacked reforms to savings as “dangerous”.
Doubts grow over ‘totemic’ cash pledge to pensioners
Source: The Guardian - 31st July 2016
Triple-lock protection too costly, says former pensions minister, as work and pensions department refuses to rule out review
1 in 3 Brits more worried about retirement post Brexit vote
Source: AOL Money - 30th July 2016
"Brexit means Brexit," according to Britain's new Prime Minister, Theresa May. But for many working Britons, Brexit means greater concerns about their pensions and retirement incomes.
Steady rise of equity release in UK housing market continues
Source: Property Wire - 30th July 2016
Some £8.2 million of housing wealth was withdrawn in the UK every working day in the second quarter of 2016 as equity release lending passed £0.5 billion for the first quarter on record.
Property is key to pension plans for the over-45s despite mortgage worries
Source: Yorkshire Post - 29th July 2016
Aviva said that long term growth in UK house prices mean the over-45s are turning attention towards property wealth to help manage their finances and boost retirement incomes.
EU plans to create European cross-border PENSION scheme in bid to inject cash into euro
Source: Express - 29th July 2016
BRUSSELS' bureaucrats are plotting a bloc-wide personal pension scheme as part of desperate efforts to boost the economy and save the euro, it has been revealed.
How over-65 workforce has doubled in 15 years: More than one million are still in full or part-time work
Source: Mail Online - 29th July 2016
The number of people over 65 who are still working has more than doubled since the beginning of the century, official figures showed yesterday.
Should you get early state pension after paying NI for 45 years? Think-tank floats ideas to help people hit by retirement age rises
Source: Mail Online - 29th July 2016
Allowing people to draw the state pension early after making 45 years' worth of National Insurance contributions is being floated as a way to alleviate the burden of rises in the official retirement age.
The Brexit effect on ex-pat state pensions
Source: Money Marketing - 29th July 2016
Membership of the European Union has been beneficial to British expats retiring to other member states, as they have the same state pension rights as those who reside in the UK.
Later life employment hits 32-year high
Source: Professional Adviser - 28th July 2016
Employment rates for the over-50s have hit a 32-year high, with both men and women increasingly turning to employment in their later lives, official figures have shown.
Retiring to the bedroom: Older people still enjoy healthy sex life after 50
Source: Express - 28th July 2016
WE MIGHT like to think that parents and grandparents stop having a sex drive at 50 but the reality is starkly different.
The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears
Source: Money Marketing - 28th July 2016
The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement.
UK wages fall, pensions in Brexit Britain, and penthouses for sale
Source: The Guardian - 28th July 2016
Plus rents fall as Brexit makes landlords nervous, the secrets of a happy business and sexual harassment at work
British savers unlock more than 6 billion pounds from retirement pots
Source: Reuters - 28th July 2016
British pensioners have unlocked more than 6 billion pounds of cash from their retirement savings since landmark pension freedoms were introduced 15 months ago, the Treasury said on Thursday.
Pension freedom payments pass £6bn mark with Q2 surge
Source: Money Marketing - 28th July 2016
The number of people using the pension freedom reforms to access their savings has surged since April, meaning the total withdrawn from pots has passed the £6bn mark.
New detailed research on retiree behaviour reveals looming funding problem for Age Pension
Source: Professional Planner - 28th July 2016
Drawdown behaviours are universally similar among retirees regardless of the size of their accounts, with almost half of all retirees only drawing down the regulated minimum, according to the most comprehensive study of Australian superannuation accounts ever undertaken.
Third of 35-44 year olds can't afford to save for retirement
Source: Financial Reporter - 28th July 2016
Royal London’s second Pensions Through The Ages Report 'Feeling the Squeeze' shows that over a third (34%) of people aged 35 to 44 are 'squeezed', saying that paying bills and meeting everyday commitments is a constant struggle.
'My home is my pension': Britain's wealth is locked into property, forcing people to sell-up or release equity to pay for retirement
Source: Mail Online - 27th July 2016
Britain'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 2016
Rather 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 2016
A 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 2016
Many 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 2016
More 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 2016
Rather 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 2016
Long-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 2016
Almost 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 2016
Allowing 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 2016
Allowing 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 2016
A 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 2016
It 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 2016
Many 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 2016
THE 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 2016
NEARLY 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 2016
Your 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 2016
With 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 2016
British 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 2016
Former 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 2016
PHVirginia 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 2016
Sir 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 2016
Stronger 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 2016
Millions 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 2016
As 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 2016
Sir 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 2016
A 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 2016
Analysis 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 2016
Investment 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 2016
Baroness 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 2016
Pension 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 2016
The 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: - 21st July 2016
Women 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 2016
Since 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 2016
RECORD 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 2016
If 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 2016
RETIREMENT 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 2016
MILLIONS 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 2016
Saga 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 2016
The 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 2016
The 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 2016
RETIREMENT 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 2016
In 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 2016
Many 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 2016
Poland'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 2016
Research 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 2016
Damian 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 2016
Today’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 2016
Retired 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 2016
There 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 2016
Pension 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 2016
It 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 2016
Young 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 2016
Harrington, 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 2016
Ex-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 2016
Up 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 2016
One 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 2016
Former 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 2016
The 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 2016
Brexit 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 2016
Millions 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 2016
Downsizing 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 2016
Over 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 2016
THOUSANDS 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 2016
He'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 2016
Theresa 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 2016
Pensions minister Ros Altmann says banning cold calling would not stop pension scams.
Brits mirror Aussies in retirement time horizon
Source: FT Adviser - 14th July 2016
British 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 2016
The 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 2016
Millions 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 2016
We 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 2016
The 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 2016
At 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 2016
Twice 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 2016
A 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 2016
The 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 2016
Britain’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 2016
British 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 2016
Select 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 2016
SAVERS 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 2016
Annuity 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 2016
Brexit 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 2016
Pension 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 2016
The 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 2016
At 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 2016
LOWER 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 2016
The 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 2016
Tesco 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 2016
The 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 2016
It'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 2016
The 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 2016
WORKERS 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 2016
With 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 2016
Savers 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 2016
More 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 2016
ONE 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 2016
The 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 2016
Both 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 2016
Most 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 2016
Research 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 2016
The 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 2016
New 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 2016
The 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 2016
The 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 2016
Some 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 2016
The 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 2016
Pensions Minister Ros Altmann says there is a "delicate balancing act" to maintain the strength of pension schemes amid the uncertainty of Brexit.