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The basic State Pension will rise by more than it has done for 15 years in real terms in 2016, the Chancellor has said this afternoon.
Transfers into Sipps are up 36% over the year and transfers of pensions into drawdown products doubled since April, new analysis released this morning has shown.
Pension rules should be relaxed to allow multiple drawdown arrangements within the same pension scheme to be consolidated into one, AJ Bell has said ahead of Wednesday’s Autumn Statement.
Expectations among workers that they will retire roughly four years younger than their State Pension age are unrealistic, a report has warned.
Women could be faced with a significant retirement shortfall as the gap between both attitudes towards saving and savings levels widens with men as they get older.