Pensions

Money makeover: "We’re in our 50s and care for our granddaughter – will our pensions be enough?”

Susan and Keith Waite are less than 10 years from retirement. They want to improve their financial position and protect their 12-year-old grandchild

Power of attorney leaves elderly open to abuse, claims senior judge

Wednesday, 16 August 2017 | News

Insufficient safeguards on lasting power of attorney (LPA) agreements are leaving elderly and vulnerable people open to abuse, according to a retired senior judge.

Agreement struck for 130,000 British Steel pension scheme members

Monday, 14 August 2017 | News

The 130,000 members of the British Steel pension scheme have finally been given some certainty over the fate of their retirement income.

Ask the Experts: Should I take a ‘crystallised’ lump sum from my pension?

Wednesday, 09 August 2017 | Question and Answer

You are fortunate to be a member of such a good quality pension scheme, which has guaranteed benefits that would be very expensive to match with a private pension.

Retired household incomes continue to rise

Tuesday, 08 August 2017 | News

Over the last 40 years the incomes of pensioners have continued to rise; in particular for those with private pensions.The income of the average retired household has been growing at a faster rate over the last 40 years than...

Even in your 40s, you can start saving for a £100,000 pension

Tuesday, 08 August 2017 | News

According to Fidelity International, starting pension contributions in your 40s can help you build up a worthwhile pension for retirement.

EU countries top Britons’ favourite retirement destinations despite Brexit

Tuesday, 08 August 2017 | News

Spain remains the most popular destination for retirees looking to start a new life overseas, according to the latest research from Retirement Advantage. It’s followed by France, Portugal and Italy.

More divorcees targeting their ex’s pension

Monday, 07 August 2017 | News

The number of court orders forcing divorcing couples to split their pensions has reached a record high, according to Collyer Bristow.

Increases to women’s pension age earns government £5.1bn a year

Wednesday, 02 August 2017 | News

The increase in women’s state pension age from 60 to 63 has reduced the number of women the government pays pensions to by 1.1 million, netting it a saving of £4.2 billion a year, according to a new report from the Institute...

Universities’ pension deficit sparks fears tuition fees might rise

Wednesday, 02 August 2017 | News

Massive increases to the universities final salary pension scheme deficit is leading to concerns that already controversial tuition fees may have to rise.

Number of pensioners paying tax soars: How to cut your bill

Saturday, 29 July 2017 | News

There has been a sharp rise in the number of pensioners having to pay tax, according to new figures, with over 6.39 million retired people still paying tax.