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HNW savers underestimate pension funding by £300,000

High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.

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LCP launches State Pension boost tool

Pension consultancy LCP has launched an online tool to help savers work out if they can benefit by topping up their State Pension by paying voluntary National Insurance Contributions.

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Tenth of UK savers hold 64% of pension wealth

Just a tenth of the population holds 64% of total pension wealth in the UK, according to the latest figures from the Office for National Statistics.

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Annuity rates hit eight-year high

Annuity rates have hit their highest point in eight years, with a further surge in annuity income expected if the Bank of England raises interest rates today, according to a new report.

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