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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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@SIPP axes Solo SIPP set-up fee for 5 months
The Glasgow-based pensions provider @SIPP has removed the set-up fee on its Solo SIPP for five months.
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FSCS pays out £9.7m on failed pension transfer adviser
The Financial Services Compensation Scheme has so far paid out just over £9.7m on 234 successful claims against failed firm Portal Financial Services LLP, formerly Portafina LLP (FRN 501272).
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Half of retirees exiting work without clear financial plan
Half (49%) of current retirees entered retirement without any clear financial plan, according to a new report.
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Teachers' Pension Scheme rise will hit private schools
The Department for Education has today confirmed an increase of 5 percentage points to the employer contribution rate of the Teachers' Pension Scheme (TPS) with schools' contributions set to rise from 23.6% to 28.6%.
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