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Displaying items by tag: retirement income

An increase in ombudsman complaints about UCIS has been predominantly driven by the rise in complaints from consumers who had taken out Sipps.
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Traditional inheritance may be dying out, with a rise in 'giving while living', research has suggested.
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Over half of people planning retirement are looking at alternative income such as buy-to-let, with a fifth showing scepticism about pensions.
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A final report on the 'failing' market for retirement income is being drawn up by FCA officials.
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Retirees will be taking out retirement funds via 'pension bank accounts' by 2020, experts have predicted.
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Retirement wealth planning firm James Hay has laid out plans to introduce greater flexibility for clients as the pension reforms kick in next April.
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A pensions consultancy firm has predicted the average retiree is set to live on the poverty line.
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Retired households paid the equivalent of £45.6 billion in taxes over a year, new research has found, with the average retiree family paying out 30 per cent of annual income to the taxman.
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Only about two in ten Britons are putting money aside for retirement – a fall by 16% since 2007 – a study on savings trends has discovered.
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