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pension savers

Displaying items by tag: pension savers

Friday, 04 August 2023 17:42

Affluent savers say State Pension still vital

Almost nine in ten (86%) mass affluent pension savers expect the State Pension to be a vital part of their retirement income, according to a new report.

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Aviva has called on the government to provide more support for younger pension savers after its research revealed that many were in the dark about how much they needed to save.

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Pension savers have won more time to make voluntary National Insurance contributions to fill gaps in their National Insurance records and boost their State Pensions.

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Wednesday, 23 February 2022 18:58

Pension savers reveal their ideal retirement income

The ideal retirement income is £22,500 per annum, according to new consumer research.

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Two thirds (66%) of adults retiring in 2021 risk running out of money in retirement, according to a new study.

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Friday, 29 January 2021 13:17

Pension savers withdraw £9.4bn in 2020

Pension savers withdrew £9.4bn flexibly using the Pension Freedoms in 2020, new HMRC data reveals.

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Monday, 08 June 2020 14:54

Pension Freedom numbers head for peak

A record 1m more people will reach the Pension Freedom age of 55 his year and this ‘peak’ will last for several years, according to new analysis.

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Monday, 04 November 2019 12:59

Pension savers shunning financial advice - survey

Almost 1 in 2 UK adults (48%) shun financial advisers when it comes to retirement planning advice despite evidence suggesting advised clients were far better financially prepared for retirement.
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The FCA's latest Retirement Income study, published today, has revealed that nearly half of pension savers have accessed their pension pots in the past year without taking regulated advice or guidance.

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Most people underestimate how much they need to save for retirement, according to a new study by Seven Investment Management (7IM).
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