Value of money withdrawn from pension pots falls 5%
- Tuesday, 16 April 2024
- Articles
The FCA’s latest retirement income market data for 2022/23 published today has revealed that the money being withdrawn from pension pots is falling, dropping 5% to £43,199m from £45,638m in 2021/22.
Read more...Men are biggest victims of £2bn pension and SIPP losses
- Wednesday, 17 April 2024
- Articles
Almost £2bn has been lost from UK pension pots and SIPPs since 2019 because of financial advisers and providers going out of business, according to new data from the Financial Services Compensation Scheme.
Read more...Average pension transfer compensation slumps to £12,000
- Friday, 12 April 2024
- Articles
New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.
Read more...1 in 2 adults expect to work to State Pension age
- Friday, 05 April 2024
- Articles
Half of adults expect to work to at least the State Pension age, currently 66, but half of under 50s believe there probably will no longer be a State Pension by the time they retire, according to a think tank’s research.
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