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  • Auto-enrolment hits 10.7m savers at 10 year milestone

    Auto-enrolment began on 1 October 2012.

  • Hard-pressed pension savers withdraw 23% more cash in Q2

    Andrew Tully, technical director at Canada Life, said the latest figures from HMRC show that many pension savers are having to dip into their retirement funds in order to make ends meet during the cost-of-living crisis.

  • Pension Triple Lock may be under threat

    The Treasury building

  • MPs urge auto-enrolment revamp to boost pensions

    The current auto-enrolment system is not leading to adequate living standards in retirement, according to the new ‘Protecting pension savers’ report from MPs on the Work and Pensions Select Committee.

  • 1 in 5 younger women failing to save for retirement

    Scottish Widows’ Women and Retirement 2022 report surveyed 5,025 UK adults between 8 March and 15 March 2022.

  • Google searches for annuities soar 50%

    Search interest and % increase in annuity rates

  • Pension savers losing £1.7bn a year

    Research was commissioned by HSBC Tomorrow Master Trust and undertaken by Professor Andrew Clare of Bayes Business School, in association with Hymans Robertson.

  • Rising care costs push retirement pot need to £470,000

    The cost of living crisis has pushed up the cost of two years of care by £85,000

  • 1 in 4 advised clients funding adult children

    Funding adult children could dent the retirement standards of both the adult children and their parents

  • Half of self-employed failing to save into a pension

    The top reasons given for not currently saving included having other financial priorities, affordability, and ceasing contributions to a pension after becoming self-employed

  • Financial advisers driving annuities revival

    A third of non-advised investors were unsure about the best approach to take, in comparison to 17% of those taking regulated financial advice.

  • 1 in 4 Britons have lost track of a pension

    Close to a third (31%) of those surveyed said they had three of more pensions

  • 2 in 3 over-50s shun annuities despite benefits

    The FSCS surveyed 2,001 UK residents over the age of 50

  • 1 in 3 to face hardship in retirement

    YouGov surveyed 5,072 Britons on behalf of Scottish Widows between 21 March and 5 April.

  • Most over-55s maintaining pension saving

    Nearly a quarter (23%) of those who had cut back on retirement savings in the past year had done so multiple times.

  • SIPP assets to exceed £500bn within next year

    John Moret is principal of MoretoSIPPs consultancy

  • North-south retirement gap growing

    Phoenix Insights surveyed 2,500 workers aged 45 and over across the UK.

  • Annuity rates up 20% in a year

    Annuity rates are up sharply over the past year

  • Less than 40% on track for 'moderate income' retirement

    Only 15% of households are on track for a comfortable retirement income

  • 9 in 10 mass affluent savers relying on State Pension

    Charles Stanley's website

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