Women are more likely to consider using their pension provider’s guided retirement option than their male counterparts, according to new research.
The 3.5% spike in the 12 month rate of CPI inflation - reported today by the ONS - means that the new State Pension will almost certainly rise by 3.9% from April under the earnings element of the Triple Lock.
Financial Planners have welcomed Prime Minister Andy Burnham’s announcement yesterday that he plans to axe the Pensions Triple Lock from 2030.
Investment platform AJ Bell has called on Chancellor John Healey to commit to a pension tax lock, with a focus on tax-free cash and tax relief.
More than nine in ten advisers (92%) have received calls from clients about taking tax-free cash and accessing pension savings earlier than planned ahead of the Budget, according to a new report.
Consumer group Fairer Finance has called for housing wealth to be used to improve living standards in later life.
One in six (17%) mass affluent savers have stopped contributing to their workplace pension in the last 12 months, according to a new study.
Around half of advisers reckon tax-related issues are now among the biggest factors shaping their approach, following announced IHT changes and ahead of their implementation in April.
Three in five retirees lack confidence in their spending decisions, new research suggests.
Two in five women (35%) with investible assets of over £250,000 are concerned they will miss out on the retirement they want and expect, compared with 20% of men, according to a new report.
Multi-decade high gilt yields, boosted by the ongoing US-Iran conflict and fears over inflation, have pushed some annuity rates to multi-year highs.
Nine in 10 (92%) pension savers would retire earlier than they planned if they were able to save enough to quit work and live comfortably, according to new research.
The income tax paid by people in retirement has risen by over 40% in two years, according to new data from HMRC.
Three in five (61%) pension savers who withdrew tax-free cash from their pension ahead of last year’s Budget regret doing so, according to a new report.
Half (50%) of workers would pay more into their workplace pension if their employer also paid a larger share, according to a new report.
One in ten workers under 30 (9.3%) entitled to join an auto-enrolment pension scheme are opting out, according to new research.
Later life lending - a type of equity release - has the potential to become the fourth pillar in retirement, according to the FCA.
A young person disabled before entering the workforce today could retire with a pension pot £245,327 smaller than their non-disabled peers, according to a new report.
Less than 1 in 10 (9%) of self-employed workers paid into a personal pension in the 2023/24 tax year, according to data from HMRC.
Almost half (47%) of UK adults believe that their retirement outcomes are largely influenced by factors outside of their control, according to new research.
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