1 in 5 over 50s rely on DB pensions
- Tuesday, 19 March 2024
- Articles
A fifth of over 50s rely on DB pensions to provide almost half of their retirement income but the numbers are set to fall, according to Standard Life’s Retirement Income Almanac.
Read more...Pension savers withdraw £70bn in decade since 'freedoms'
- Friday, 15 March 2024
- Articles
A decade on from George Osborne’s ‘Pension Freedoms’ Budget bombshell announcement in 2014, the latest HMRC data showed that £70bn of retirement cash has since been accessed flexibly by British savers.
Read more...Britons hope to retire early despite poor planning
- Friday, 15 March 2024
- Articles
More than four out of 10 pension savers (44%) reckon they will retire before their current state retirement age even though only half (54%) have a financial plan in place, new research suggests.
Read more...16% of DC schemes wound up following new TPR rules
- Friday, 15 March 2024
- Articles
Some 16% of defined contribution pension schemes with under £100m in assets scrutinised by The Pensions Regulator (TPR) has opted to wind up after a pilot into the effectiveness of its new rules on value for members.
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