Pensions

Why you need a ‘will’ for your pension

A properly written will ensures that your assets end up where you want them when you die. But did you know you should also do the same for your pension?

Young people need to save 20% of earnings to match current retiree’s pensions

Thursday, 20 July 2017 | News

Young people need to save 20% of their wages in order to match the retirement income of baby boomers, a wide-ranging international study has found.

State pension age rise brought forward seven years

Wednesday, 19 July 2017 | News

The state pension age will rise to 68 between 2037 and 2039 – seven years earlier than planned, under government proposals announced today.

Ask the experts: Can I cancel my annuity and take the rest of my money as a lump sum?

Tuesday, 18 July 2017 | Question and Answer

Pension freedoms, which were introduced from April 2015, have given many people far more choice about how they access their pension benefits.

Life expectancy has stalled since 2010

Tuesday, 18 July 2017 | News

Life expectancy has stalled since 2010, due to a rise in dementia deaths and squeezed health services, according to a new report by Sir Michael Marmot, director of the Institute of Health Equity at University College London....

A quarter of Moneywise users change plans to retire abroad following referendum

Friday, 14 July 2017 | News

A quarter (25%) of Moneywise users have changed their plans to retire abroad following the referendum vote for the UK to leave the European Union and the triggering of Article 50.

Tax-free pensions savings allowance cut confirmed

Friday, 14 July 2017 | News

The amount of money savers can pay into pensions, once they have accessed their pot will drop to £4,000 a year, the government has confirmed.

Landmark court victory secures pension rights for same-sex couples

Friday, 14 July 2017 | News

A gay man has won a landmark court case that will force pension companies to treat same-sex married couples in the same way as members who are married to partners of the opposite sex.

Self-employed should be ‘auto-enrolled’ into pensions

Thursday, 13 July 2017 | News

A new review, commissioned by the government, says self-employed workers should be ‘auto-enrolled’ into pensions and their Class 4 National Insurance Contributions (NICs) hiked.

One third enter drawdown without taking advice

Thursday, 13 July 2017 | News

Savers are risking high charges and poor returns by not taking advice when they come to retirement, according to a new report by the City regulator.

Failure to shop around costs annuity buyers £4,000

Wednesday, 12 July 2017 | News

Failing to shop around for the best annuity is costing retirees an average of £4,000 over the course of their retirement, according to new research from the Pensions Policy Institute in association with LV=.