Members of Britain’s biggest pension scheme fear Tory money-grabbers will put retirement income at risk
Retirement and Pensions News Headlines
Source: Mirror - 19th February 2017The local government workers’ schemes have 5.4 million members and funds valued at £213 bill
25% of Brits retiring this year are STILL in debt - how to get out of the red fast
Source: Mirror - 18th February 2017If you're worried about how you will cope financially when you leave work - you're not alone
One in four UK retirees burdened by unpaid mortgage or other debts
Source: The Guardian - 17th February 2017Numbers retiring in debt in 2017 is highest for seven years with nearly 40% still owing payments for debts such as interest-only mortgages
Workers taking debts into retirement now commonplace thanks to big mortgages and easy credit
Source: This Is Money - 17th February 2017The number of people retiring in debt could reach a record one in four this year, according to research.
Debt in Retirement Rises 30%
Source: Morning Star - 17th February 2017Nearing retirement? Remember to pay down expensive debt alongside your pension savings plans as repayments can eat into your retirement income
Baby boomers bash back with facts of life in work and retirement
Source: The Guardian - 16th February 2017Philip Inman’s article (Baby boomers, pay your dues, 14 February) ignores some important facts.
How £9,000 pension turned out to be worth NOTHING: Newsagent saved for 11 years but was stunned to discover 'service fees' had left him penniless
Source: Mail Online - 16th February 2017David Borthwick is no stranger to hard work. The 57-year-old gets up in the dark to open his family newsagents in Edinburgh at 3am every day.
20% retirees using ‘rule of thumb’ drawdown to be cashless in 30 years
Source: Pensions Age - 15th February 2017One in five people taking a yearly retirement income of 4 per cent will run out of money in 30 years, Aegon has found.
Hard Brexit could lead to higher state pension age
Source: FT Adviser - 15th February 2017A so-called hard Brexit that puts the brakes on immigration could lead to the state pension age increasing by 18 months for workers under the age of 40, according research from Hymans Robertson
Terrible mistake empties pensions when you need them most
Source: AOL Money - 13th February 2017Will your pension last for the whole of your retirement? A new report out today reveals that there's a real risk that millions of people could end up ...
Brexit could force young people to retire even later due to low immigration
Source: Independent - 13th February 2017The under-40s stand to lose the most from less inward migration, which would mean fewer working-age people for every pensioner
Just retired? You're probably better off than colleagues who left their job 13 years ago: Divide opens up between older and younger pensioners
Source: Mail Online - 13th February 2017A stark divide in wealth has opened up between younger and older pensioners, figures show.
Why rich pensioners should pay more tax
Source: The Guardian - 13th February 2017The average pensioner income is now higher than that of a working-age person. This is unfair, and unaffordable
The Best Places to Retire in Britain
Source: Anglotopia - 13th February 2017When it comes to retiring, the UK is home to many excellent destinations for living out your final years whether you fancy a house by the sea, a picturesque cottage in a pretty village or an inner-city townhouse.
Reality Check: Are pensioners better off than workers?
Source: BBC - 13th February 2017The claim: Pensioners are on average £20 a week better off than working-age people.
Unite workers at BMW threaten action over plans to shut UK pension scheme
Source: The Guardian - 13th February 2017Len McCluskey warns of ‘serious industrial action’ by UK staff if carmaker persists with scrapping pension scheme despite record profits
Brexit immigration cuts could force Brits to work for a lot longer and possibly for smaller pensions
Source: Business Insider - 13th February 2017Immigration cuts as a result of Brexit will push up the UK's retirement age, according to the head of a leading business group, meaning Brits will be forced to work for a lot longer than they do now.
Pensioner incomes 'outstrip those of working families'
Source: BBC - 13th February 2017Typical pensioner incomes now outstrip those of working-age people, a report from the Resolution Foundation says.
'I have never before in my life been so frightened about saying what I think': Former Pensions Minister tells of the perils of speaking out on Article 50
Source: This Is Money - 13th February 2017Baroness Ros Altmann, one of the loudest voices on the subject of the pensions crisis, has never been a shrinking violet.
Tories spend £10 billion of pension cash and ignore retired miners receiving as little as £10 a week
Source: Mirror - 11th February 2017Labour MPs in former pit constituencies want a halt – and are demanding future windfalls go to former miners and their families instead
Is 90 too old to work? Meet the golden oldies still earning in their twilight years
Source: Independent - 10th February 2017According to Age UK there are currently around 1.25 million people in work aged 65 and above
New pensions rule jeopardises retirement for millions
Source: AOL Money - 10th February 2017Finance experts are warning that the latest government plan to move the goalposts on pensions threatens to throw retirement plans into chaos for millions of people.
Has retirement had its day? Four in ten Brits don't think they will ever stop working, survey finds
Source: This Is Money - 10th February 2017Retirement has become a distant dream for many with almost 40 per cent of Britons of the belief that they will never retire, a Mintel survey has revealed.
Legal win could alter the finances of millions
Source: Independent - 10th February 2017A landmark legal case looks set to overturn the way millions of unmarried couples’ finances are treated.
Men in 20s earn £12,500 less than generation before; and how to beat broadband price rise
Source: The Guardian - 10th February 2017Also, supreme court backs woman’s right to late partner’s pension, and homes near airports
Eight of the best places to retire abroad
Source: Saga - 10th February 2017Forget Australia or the south of France, here are some of the cheapest and most beautiful places to move to when you finish work.
UK households spend an average of £1.9 million across their lifetime
Source: The Money Pages - 10th February 2017The average UK household spends an average of £1.9 million over the course of a lifetime, according to a new report.
How a British household spends £1.9m over a lifetime - and the average 50-year-old has already spent £1m
Source: This Is Money - 10th February 2017Households in Britain spend an average of £1.9million over the course of a lifetime, an analysis of official data reveals.
We'll NEVER get to retire fear four in ten workers: More also believe their retirement will not be as comfortable as their parents
Source: Mail Online - 10th February 2017If the prospect of eventually retiring is the only thing getting you through the day, this may not be the news you were hoping for.
War Pension Scheme payments increases from April 2017
Source: GOV.UK - 10th February 2017The new rates of pensions and allowances payable under the War Pension Scheme from 10 April 2017 have now been announced and are available here.
'Live now, pay later' generation urged to start saving for retirement as report shows they're MUCH worse off than parents
Source: The Mirror - 9th February 2017Work and Pensions Secretary Damian Green warned employees to begin pumping into their pension pots, as he defended protections for today’s OAPs
UK supreme court backs woman's right to receive late partner's pension
Source: The Guardian - 9th February 2017Ruling marks significant extension of unmarried cohabitees’ rights and could affect millions of families.
A Northern Ireland woman who was refused payments from her former partner’s pension has won her battle to extend benefits automatically to those who are unmarried.
Young and old plagued by dodgy cold calls about pensions
Source: Mail Online - 9th February 2017Some 7% of those approached have accessed some or all of their pension as cash as a result of being contacted by phone, email or letter, the survey by Phoenix Group found.
'CARAVAN CONMAN' Pensioners ‘face financial ruin after being tricked into buying holiday chalets thinking they were permanent retirement homes’
Source: The Sun - 9th February 2017William Flannigan allegedly knew 'perfectly well' that the pensioners would not be able to live in the bungalows all year round
UK supreme court backs woman's right to receive late partner's pension
Source: The Guardian - 9th February 2017Ruling marks significant extension of unmarried cohabitees’ rights and could affect millions of families
Pension scheme forced to payout to unmarried partner
Source: FT Adviser - 8th February 2017A Local Government Pension Scheme has been told it must pay a survivor's pension to the unmarried partner of a dead member, more than seven years after his death
Unemployed, seeking work and over 50
Source: BBC - 7th February 2017Being made redundant hurts no matter at what age - but what happens to those who lose their jobs later in life?
Councils must tackle 'impending' retirement housing gap
Source: LocalGov - 7th February 2017Councils should be legally required to ensure there are enough retirement homes in their local area when making housing plans, a think tank has said today.
Pension freedoms steps up a gear
Source: FT Adviser - 7th February 2017Early this year HM Revenue & Customs revealed the number of retirees accessing their newfound flexibilities had almost trebled since the first quarter of the pension freedoms back in 2015.
Pensioners at risk of UK housing shortage
Source: FT Adviser - 7th February 2017Pensioners facing housing shortages could become a significant problem if the government fails to address the property crisis, a think-tank has warned.
Want to retire early? Focus on this figure
Source: AOL - 7th February 2017Unless you're of an entrepreneurial bent or earn a footballer's salary, spending less and saving more is vital if you dream of retiring early.
Grandad, 91, named Britain's oldest supermarket worker - and has no intention of retiring
Source: Express - 6th February 2017Grandad, 91, named Britain's oldest supermarket worker - and has no intention of retiring
Flexible retirement age: an idea whose time has come?
Source: The Guardian - 6th February 2017A rising state pension age and dwindling savings mean some will never achieve prosperous retirement. Perhaps it’s time to revisit an idea from the 19th century
The Pension Advice Allowance – will you use it?
Source: Moneyfacts - 6th February 2017The Government has announced fresh plans for the Pension Advice Allowance, a scheme designed to let retirement savers access £1,500 from their pension pot, tax-free,...
Steve Bee: Are we nearing the final days for pensions?
Source: Money Marketing - 6th February 2017I have been working in the pensions industry for almost five decades now. In that time, I have been witness to a great deal of upheaval in what seems like an unnecessarily ever-changing sector.
Ros Altmann: Why Ministers must rethink retirement
Source: Yorkshire Post - 6th February 2017OVER the past two years, the importance of encouraging and enabling older people to keep working if they wish to, has increased significantly....
Work until you DROP! Ministers WILL raise retirement age to 74 - shock Treasury prediction
Source: Express - 4th February 2017BRITONS in their 20s face decades of hard work ahead of them as the Treasury predicts the retirement age will rise by 10 years to 74 as the cost of living longer spirals out of control.
Drive to urge older people to delay retirement to fill post-Brexit job vacancies
Source: iNews - 3rd February 2017A drive to dissuade older people from retiring early has been announced by the Government to help offset an expected fall in numbers of foreign workers after Brexit.
Impact of Brexit on UK pension funds revealed
Source: FT Adviser - 3rd February 2017UK funds were a major drag on pension returns in 2016, in what was overall a strong year for pension fund performance, figures from Moneyfacts have revealed.
Savers to be able to access £1,500 tax-free for pension advice
Source: GOV.UK - 3rd February 2017People planning their retirement will be able to withdraw up to £1,500 from their pension pots tax-free to pay for financial advice, under plans unveiled by the government today.
Have your say on the Pension Schemes Bill
Source: Parliament UK - 3rd February 2017Do you have relevant expertise and experience or a special interest in the Pension Schemes Bill [Lords], which is currently passing through Parliament?
Retirement planning? Couples, mind the age gap
Source: Yahoo Finance - 3rd February 2017An age difference in your relationship doesn't just mean your favorite bands are from different decades.
Five Retirement Rules For The Over 50s
Source: iExpats - 2nd February 2017Retirement is just around the corner if you are in your fifties and the odds are you are spending a lot of time thinking about when to stop working.
Entire UK soon to be 'heavily' reliant on state pension
Source: FT Adviser - 2nd February 2017The head of John Cridland's state pension age review team has warned that in 20 years' time all income deciles will "depend heavily" on the state pension for their retirement income.
UK Expats Should Consider Final Salary Pension Transfers
Source: Wealth Monitor - 2nd February 2017Expats who have a UK-based pension should consider transferring their final salary pensions, according to financial planning firm Guardian Wealth Management.
'Knowledge gap' leads retirement savers to unnecessary risk - MetLife
Source: Professional Adviser - 2nd February 2017A lack of choice and adequate understanding are combining to push retirement savers to take unnecessary risks with their pensions pots, according to a report from MetLife.
Retirement incomes see double digit increase
Source: FT Adviser - 31st January 2017Retirement incomes have seen a significant improvement, according to a a report released by online comparison site Moneyfacts
Can housing wealth save retirement planning?
Source: Money Marketing - 31st January 2017People often over-estimate their knowledge about retirement options yet lack confidence when making financial decisions.
Brits dream of retiring abroad
Source: Moneyfacts - 31st January 2017Would you retire abroad? It seems to be a dream of many Brits, with cheaper living expenses and better value properties encouraging many to take the plunge and retire to warmer climates.
The average retired household spends £22k a year — here’s how to have enough to retire on
Source: Yahoo Finance - 31st January 2017According to the Office for National Statistics (ONS), the average retired household now spends £21,770 a year.
Is Retiring In Panama Still A Good Choice? If So, Where?
Source: Expat Focus - 31st January 2017I was the first to suggest Panama as a good choice for any North American looking for a place to retire that was sunny and cheap.
Pension Schemes Bill: Commons Second Reading
Source: Parliament UK - 30th January 2017MPs are to debate the Second Reading of the Pension Schemes Bill in the House of Commons on Monday 30 January.
Retirees in 2017 look forward to income of £18,100 a year - but that's still less than before financial crisis
Source: Mail Online - 27th January 2017People retiring this year expect the highest average annual income in eight years.
Their predicted income of £18,100 is almost as high as the 2008 pre-crash peak of £18,700.
Slump In Gilts Triggers Cut In Pension Payments
Source: iExpats - 27th January 2017Pension payments are due to fall for retirement savers in capped drawdown.
Retirement incomes set to be highest since 2008
Source: Moneyfacts - 27th January 2017We'd all like to think that we'll be enjoying a comfortable standard of living in later life, and happily, research from Prudential shows that retirement incomes are on the up!
Brits retiring in 2017 will be £400 a year better off than last year - as retirement income hits record high
Source: Mirror - 27th January 2017This year's retirees expect to be around £400 a year better off than people who retired in 2016, with an annual income of £18,700
Tata reassurances sought over 'shattered' pension confidence
Source: BBC - 27th January 2017Workers' confidence in Tata has been "shattered" says an assembly member meeting steelmakers in Port Talbot.
Tata Steel pension scheme deficit set to balloon to £2bn threatening 130,000 people's retirement funds
Source: Independent - 27th January 2017Tata Steel pension scheme deficit set to balloon to £2bn threatening 130,000 people's retirement funds
Modern careers risk billions in lost retirement savings
Source: Independent - 27th January 2017New figures suggest that having up 11 jobs over our working lives means we’re losing track of valuable retirement savings.
Why did Diana have to live on a pittance to pay for her husband's care? Her harrowing story exposes the crisis in Britain's cash-strapped care system
Source: Mail Online - 26th January 2017It was only near the end of their 50-year marriage that John and Diana Hodgkinson spent any significant time apart.
Victory for pension savers as Scottish Widows scraps exit fees for its 33,000 customers
Source: Mail Online - 26th January 2017Scottish Widows is scrapping punitive exit charges for its 33,000 customers from March 31.
Over £9.2 billion released by pension freedoms
Source: GOV.UK - 26th January 2017Hundreds of thousands of savers have cashed in £9.2 billion from their pension pots since pension freedoms were introduced in April 2015.
Pension fund returns soar
Source: FT Adviser - 26th January 2017UK pension funds grew by more than 15 per cent last year, making 2016 the best year for pensions since 2009, figures from Moneyfacts revealed.
UK pension freedoms trigger £9.2bn in outflows
Source: Express - 25th January 2017The UK’s radical pension freedom reforms have led to over £9.2bn (€10.7bn, $11.5bn) getting encashed from pension plans since April 2015, HM Revenue & Customs revealed on Wednesday.
Pension pots may become subject to minimum income rule
Source: FT Adviser - 25th January 2017Government may amend pension freedoms legislation to bring in a minimum income level for withdrawals, Mike Morrison has warned
Pension fund returns hit seven-year high amid Brexit vote
Source: Express - 25th January 2017PENSION savers received a boost last year, as the retirement funds enjoyed their highest returns since 2009 amid Britain's vote to leave the European Union, according to analysis
Five million over 50s set to open an ISA in 2017
Source: Peer2Peer - 24th January 2017Five million over 50s set to open an ISA in 2017
'There's a danger of a generation who can't afford to retire'
Source: The Guardian - 24th January 2017Is the idea of a financially comfortable retirement increasingly unattainable – and are we being honest about how much we need to save?
UK property equity release at record highs
Source: Property Forum - 24th January 2017Figures released today show that retired homeowners in the UK raised more than £2.1 billion from equity release schemes in 2016.
FTSE Dividend Dilemma For Retirement Savers
Source: iExpats - 24th January 2017If you are an investor and a pension saver, you have a financial dilemma over companies and the bumper dividends they are paying.
Perplexed by your pension? You're not alone - we lift the lid on what you need to do when you reach retirement
Source: Mail Online - 23rd January 2017Britons now enjoy more flexibility on how to access their pension savings than ever before, but so much choice can make finding the right option a little confusing.
There are fairer ways to set the pension age – but politicians are ducking them
Source: The Guardian - 22nd January 2017A rise to 70 is rumoured to be on the way. Surely there must be more creative, flexible ways to meet the growing needs of an ageing population
Grandparents miss out on tax credits that could boost state pension
Source: The Guardian - 20th January 2017Little-known scheme could put thousands of pounds back into pensions of grandparents who take time off work to look after grandchildren under 12
The state pension perk worth £4.5k in retirement: 100,000 grandparents helping to raise children are urged to claim benefit
Source: This Is Money - 19th January 2017Around 100,000 grandparents taking on childcare duties could be unwittingly losing credits towards a state pension worth thousands of pounds, new research reveals.
Pensions: What to watch out for in 2017
Source: Moneywise - 19th January 2017Even after the introduction of the pension freedoms in 2015, the government continues to tinker with pensions legislation as pressure on budgets continues.
Hundreds of thousands of retired Britons in EU 'may be forced to return'
Source: The Guardian - 18th January 2017Campaigners say pensioners in countries such as Spain will have to go back to UK if they can no longer get free healthcare
Revealed: How YOU could be left with a shrunken state pension due to duff Government forecasts dating back decades
Source: Mail Online - 18th January 2017Tens of thousands of workers are facing a poorer retirement because Government numbercrunchers bungled important financial forecasts during the past few decades, official records reveal.
Taking lump sums early leads to poorer retirement say Just
Source: Actuarial Post - 18th January 2017This year, more people in the UK than ever before will reach their 55th birthdays1 – the age at which they have the right to start to accessing lump sums from pension savings.
Pension freedoms: Lump sum take-up could lead to widespread pension poverty
Source: City A.M. - 18th January 2017Britons are set to take advantage of accessing lump sums from pension pots at record levels in 2017, something that could increase the chances of widespread pensioner poverty, a retirement specialist has warned.
Pension pot tax traps
Source: FT Adviser - 18th January 2017From an advice perspective, maximising pension savings in the run-up to April, along with any unused annual allowance from previous years, will be high on the adviser action list for appropriate clients.
The state pension perk worth £4.5k in retirement: 100,000 grandparents helping to raise children are urged to claim benefit
Source: This Is Money - 18th January 2017Around 100,000 grandparents taking on childcare duties could be unwittingly losing credits towards a state pension worth thousands of pounds, new research reveals.
‘Young people set to choose Lifetime Isas over pensions’
Source: Money Marketing - 18th January 2017Over a quarter of millennials think the Lifetime Isa will be a more tax efficient retirement savings vehicle than auto-enrolling in a workplace pension.
Pensioners plunged into debt by the annuity U-turn: They borrowed money on the promise of a lump sum – and have now been left stranded
Source: Mail Online - 18th January 2017Trusting pensioners have been plunged into crippling debt after the Government axed plans to let savers cash in their annuities.
OAPs are using their homes to top up retirement spending
Source: Express - 17th January 2017Older British homeowners are withdrawing nearly £6million worth of property equity every day to bolster their retirement spending.
Finding a way to make right-sizing work: how paying retirees to downsize could happen
Source: Yahoo Finance - 16th January 2017Retirees could be paid to downsize potentially freeing up thousands of larger properties to families, it has been revealed..
Judges win claim over pension scheme changes
Source: BBC - 16th January 2017The government has lost a legal case over the way it changed the pension scheme for the UK's judges in 2015.
Equity release in UK reached new records in 2016
Source: Property Wire - 16th January 2017Equity release lending in the UK broke the £2 billion barrier for the first time in 2016, marking a landmark year for the sector, new figures show.
The new retirement: how an ageing population is transforming Britain
Source: The Guardian - 16th January 2017Traditional views of retirement are being swept away. In a new series, we consider what that means for the retirees of today – and those of the future
The government may pay you to downsize
Source: AOL - 16th January 2017Older people may get financial incentives to downsize - will it work?
Retirees, It May Be Time To Get Your Head Out Of The Sand
Source: Forbes - 16th January 2017Just imagine this picture: you have worked your entire life, you have appropriately managed your money, and you are now looking forward to bobbing around in the surf and building sand castles with your grandkids.
Hard Brexit means retiring later, Britons warned
Source: The Guardian - 16th January 2017Drastic cuts to migration will skew the ratio of working-age people to pensioners, delaying pension payments, modelling for the Guardian shows
Retirees' income grows 13% since financial crisis, but income falls elsewhere
Source: Money Observer - 15th January 2017Retired households in the UK have seen their annual income grow by 13 per cent since the financial crisis while the rest of the UK has experienced a decline.
Retire? No way! Boom in total of 80-plus workers as fitter OAPs flock to part-time jobs
Source: Mail Online - 14th January 2017The number of workers in their eighties and nineties has doubled in five years, figures show.
How to get a pension of £20,000 by the time you retire
Source: BBC - 14th January 2017We keep being told to save more for our retirement.
But how big a pension will we need, and how much should we be putting away to pay for it?
Is the Govt about to reinvent the wheel on pensions?
Source: Money Marketing - 14th January 2017Advisers are being warned to brace themselves for another year of disruptive pensions policy which could see the idea of long-term savings turned on its head.
Retirees: Here’s what’s keeping you from starting a business
Source: Market Watch - 13th January 2017Retirement is a great time to start a business, when you no longer have the financial, family and time obligations you once did. But many people just can’t bring themselves to do it.
Hundreds of workers and retirees at British car parts manufacturer are rescued from the pension lifeboat
Source: Mail Online - 13th January 2017Hundreds of workers and retirees will have their pensions protected after they were rescued in a deal that unions hope will set a precedent.
Petition calls on MPs to take action on pension charges
Source: Citywire - 13th January 2017A letter calling on the government to take action over transparency in pensions has been sent to MPs.
Everything you need to know about how and when to retire and how to survive on a pension
Source: Mirror - 13th January 2017More than half of people over 55 have no idea when they will be able to afford to retire, so here are some questions you need to ask yourself before you do
Will Brexit Be Hard Or Soft On Pension Savers?
Source: iExpats - 13th January 2017British Prime Minister Theresa May’s Brexit strategy is becoming clearer – but millions of expats across Europe are waiting to hear how her plans will impact their pensions.
Equity release market hits new record
Source: Moneyfacts - 12th January 2017The equity release market went from strength to strength last year, and now, new figures have confirmed what was already predicted – lending has surged to an all-time high, with retired homeowners withdrawing a record £2.15 billion from their homes!
UK inequality narrows but many working people are worse off
Source: Guardian - 11th January 2017Boost in pensions is main driver of rising standards for low-income groups, ONS figures show
Thinking of leaving Britain for sunnier climes? Why Benidorm is the place to retire to
Source: BT - 11th January 2017Looking to retire somewhere sunny but not too far away? Take a hint from the ITV series Benidorm - this Spanish resort might be just the place for you.
Half of over-55s have no clue when they can afford to retire
Source: Professional Pensions - 11th January 2017Half of people aged over 55 have no idea when they can afford to retire despite being within a decade of state retirement age, according to research.
Retired see income soar but downturn leaves working people worse off
Source: Independent - 11th January 2017The latest figures show retirees are riding an income wave, while thsoe who work lose out.
Retired British expats 'outstrip European pensioners using NHS'
Source: BBC - 11th January 2017Many more expat UK pensioners rely on European healthcare under reciprocal healthcare agreements than UK-based European pensioners rely on the NHS.
I won't U-turn on women's pensions: Blow to retirement age campaigners as new minister says there's 'no hope' of reform
Source: Mail Online - 11th January 2017It's a scorching hot Saturday morning in the middle of July and Richard Harrington and his brother are driving towards Hampstead, North London, for lunch with their elderly mother.
Pensions freedoms - where are we now?
Source: FT Adviser - 11th January 2017Time flies - it is now 21 months since pension freedoms were introduced and with them the radical reshaping of the sector
Mortgage nightmare hits millions of pensioners
Source: AOL Money - 9th January 2017In many cases older people are keen to move into retirement properties, such as bungalows, in attractive parts of the country.
Aviva ties up with LinkedIn to hunt for millions of lost pension pots
Source: Citywire - 9th January 2017Aviva UK is in talks with LinkedIn to create a scheme to track millions of forgotten pension pots, dubbed ‘the UK’s biggest Treasure hunt’.
Rising retirement age means that smart saving is more important than ever
Source: Sunday Express - 8th January 2017WHO WANTS to work forever?
For most people the answer will be “not me, thanks”, but if the Government has its way, they may have little choice.
Almost 50% of workers have this major retirement regret
Source: Motley Fool - 7th January 2017Over the past five years, multiple surveys and studies have shown that around 50% of all savers in the UK aren’t putting away enough for retirement.
Debt worries thwarting traditional retirement plans
Source: Financial Reporter - 6th January 2017Over a fifth of retirees are using the 25% tax-free portion of their pension pot towards debt repayments rather than investing in traditional retirement plans, according to online investment site True Potential Investor.
Sorry millennials, you're never going to retire
Source: AOL Money - 6th January 2017I hate to be the bearer of bad news, I really do, but someone has to say it. If you are under 40, the age of retirement has passed on.
You might be SHOCKED by the world’s BEST places to retire in 2017
Source: Express - 5th January 2017THE BEST places to retire have been outlined in a report, listing the very best countries in the world to head to when you hit 66.
Final salary pension deficit of biggest listed firms in UK 'hits £137bn'
Source: The Guardian - 5th January 2017Consultancy says combined deficit has trebled from £39bn in previous year despite stock market ending year on high
Treasury could wreck pensions, says ex-minister: Government accused of short-sightedness that could threaten the futures of young people
Source: Mail Online - 5th January 2017Treasury could wreck pensions, says ex-minister: Government accused of short-sightedness that could threaten the futures of young people
British retirees watch 'frozen' pensions disappear, campaigners hope Brexit brings change
Source: ABC - 4th January 2017For British pensioners who retire abroad, the world is split in two. Countries where UK pensions are indexed — where they rise automatically every year to keep up with inflation — and countries where they are not.
Altmann slates the triple lock
Source: FT Adviser - 4th January 2017Former pensions minister Baroness Ros Altmann has spoken out on the triple lock stating it fails to address the needs of the oldest and poorest in the UK
Everything you need to know about the new state pension – what it pays and when you get it
Source: Mirror - 4th January 2017It pays £155.65 a week, or £44.47 a week, or nothing. You get it at 65, or 66, or 67 or far more. This is what what you need to know to understand the new state pension
Government plans to 'raise pension age to 70' blasted in new report highlighting UK's growing rich-poor divide among an ageing population
Source: Mail Online - 4th January 2017Supposed government plans to raise the pension age in Britain to 70 have been slammed by a leading industry body.
Must older married women wait for husbands to reach retirement age to get state pension? Steve Webb replies
Source: This Is Money - 4th January 2017If a married woman reaches state pension age before her husband, does she receive her pension then or does she have to wait until her husband reaches his state pension age?
Gov't under pressure on triple lock in state pension review
Source: Citywire - 3rd January 2017The government's triple lock policy has come under increased pressure as part of John Cridland's review of the state pension.
Debate: is the new means test for the aged pension fair?
Source: The Guardian - 3rd January 2017The government claims that changes to the aged pension make the system fairer by targeting wealthy retirees. But are the changes genuinely progressive?
What you need to know about pensions in 2017: How Brexit, a threat to tax relief, and state pension age changes may affect you
Source: Mail Online - 3rd January 2017How negotiations for Britain to leave the EU play out is one of the big unknowns of the next few years, but there are bound to be consequences for the finances of pensioners and savers approaching retirement.
State pension age should not increase further, PLSA says
Source: Money Marketing - 3rd January 2017The Pensions and Lifetime Savings Association says it does not want to see the state pension age increased any more because it would disadvantage groups of people with lower than average life expectancies.
So what does 2017 hold for our pensions?
Source: Wales Online - 2nd January 2017Partner at Quantum Advisory Stuart Price looks ahead at the big issues set to have an impact on pensions this year.
Saving a little extra makes a big difference to retirement
Source: Mail Online - 1st January 2017New Year's resolutions can be invigorating.
It's a brand new year and a chance to do things right. As such, some resolutions tend to show up again and again on lists, such as save more, spend less and lose weight.