Displaying items by tag: retirement planning
Annuity sales jump 24% to new record high
Sales of pension annuity contracts jumped 24% in 2024 to 89,600, according to new data from the Association of British Insurers (ABI).
Savers face £12,000 annual retirement income shortfall
The average worker is on course to miss their target annual retirement income by £12,000, according to new research.
Investment platform adds zero-fee SIPP
Investment platform InvestEngine has launched a zero-fee SIPP offering for new and existing customers.
Retirement planning only begins at 55 for many - report
Many people are failing to prioritise retirement planning until age 55, according to a new report which paints a worrying picture of late or poor preparation.
2 in 3 self-employed Boomers hold zero pension savings
Nearly two thirds (64%) of self-employed workers between the age of 60 and 65 have zero private pension savings, according to a new think tank report.
7 in 10 think retiring in 60s a thing of the past
Over two thirds (69%) of Britons believe retiring in our sixties will become a thing of the past, according to new research.
Gen X in 'retirement fools paradise' says report
Whilst the majority of UK workers between the age of 43 and 58 have clear aspirations for their retirement, but only 12% have clear financial goals and a budget for retirement, according to a new report.
Chancellor considering lump-sum pension withdrawal limit cut
Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.
2 in 5 women never reviewed pension forecast
Two in five British women (37%) have never reviewed their pension forecast, according to new research.
Nearly 4 in 10 using ISAs for retirement saving
New research suggests that Individual Savings Accounts (ISAs) are at the heart of many people’s retirement savings plans.