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retirement planning

Displaying items by tag: retirement planning

Thursday, 11 January 2024 11:17

Too many Planners relying on averages warns DFM

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

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Increasing numbers of over-50s are turning to self-employment to help boost their retirement savings, according to new figures.

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Wednesday, 03 January 2024 09:46

£1.3bn lost to unclaimed pension tax relief

Britons have lost out on £1.13bn of tax relief in the five years to 2020/21, according to Hargreaves Lansdown.

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Tuesday, 07 November 2023 11:19

Nearly 1 in 2 over-50s have no retirement plan

Almost half of peopled aged over 50 do not have a detailed retirement plan while only 16% of UK adults are ‘totally confident’ they have enough money to retire in comfort, according to a new UK Retirement Confidence Index.

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Half (49%) of current retirees entered retirement without any clear financial plan, according to a new report.

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Wednesday, 18 October 2023 09:49

State Pension set to rise by 8.5%

Retirees are set to receive a 8.5% increase to their State Pension from April next year as CPI inflation held steady at 6.7% for the year ending September.

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New challenges have been highlighted for retirement planning following the publication of ONS statistics today revealing that the number of centenarians living in England and Wales in 2021 climbed to its highest number recorded.

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Friday, 18 August 2023 11:57

MAPS to launch retirement guidance hub

Government-funded body the Money and Pensions Service (MAPS) is to combine its pensions services under a new Retirement Planning Hub.

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Less than two-fifths (36%) of the average retirement income before tax is made up by pensions, according to a new report.

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Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.

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