Retirement lifestyle

What will you do with your pension in retirement?

Friday, 06 June 2014 | Article

The world of pensions has literally been turned upside down and shaken all around by an announcement in the 2014 Budget: as of April 2015 you will be free to do whatever you like with your pension savings.

Retired households lose 30% of income to tax

Friday, 30 May 2014 | News

The average retired household loses 30% of their annual income to the taxman, according to new research.

Baby boomers regret not saving for retirement

Wednesday, 21 May 2014 | News

Almost one in five of those aged 55 and over say their biggest financial regret is not starting to save for their retirement sooner.

Retirees need £15,000 a year to be comfortable

Monday, 19 May 2014 | News

People in retirement need around £15,000 a year to feel comfortable, according to research from the automatic enrolment scheme NEST (National Employment Savings Trust).

90% of Brits not saving enough for retirement

Wednesday, 30 April 2014 | News

Around nine in 10 Britons' retirement savings are falling well short of what they need to live on in retirement, according to a major new survey of people's saving habits.

70% of people want free face-to-face advice when they retire

Wednesday, 16 April 2014 | News

Around seven out of ten retirement savers would prefer to receive face to face advice when the government's free pensions advice service is introduced in April 2015.

Top-up your pension for half the price of an annuity

Wednesday, 16 July 2014 | News

A new state pension top-up scheme will allow pensioners to buy an extra £25 a week of state pension from next year, for around half the price of an annuity.

Retirement guidance guarantee may cost industry £120 million

Monday, 24 March 2014 | News

George Osborne's promise of free, face-to-face and impartial guidance for defined contribution (DC) retirees could cost the industry up to £120 million, according to analysis from PricewaterhouseCooper (PwC).

Budget 2014: Radical pension overhaul to benefit retirees

Wednesday, 19 March 2014 | News

Access to defined contribution pension pots is to be radically overhauled, in measures announced in Wednesday's blatantly pre-election Budget.

New retirees spend £33,000 on luxuries in five years

Friday, 07 March 2014 | News

Those who are newly retired will splash out on non-essential luxuries particularly in the first five years of retirement, according to new research.