Displaying items by tag: pensions

Only one in 10 financial advisers support the government’s proposed changes to the tax rules surrounding pension death benefits.

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.

Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.

The latest official wage growth figures published today by the ONS means the state pension should hit £11,501 in April 2024, a 8.5% rise, up from £10,600 this year.

Standard Life has re-entered the annuity market as annuity rates rise and demand for annuities surges.

Pension transfer activity has continued its downward decline, hitting a five year low in July and dropping to half the level seen a year earlier.

Three quarters of pension savers are in the dark about their ability to contribute to a partner’s pension.

Canada Life has reported doubled annuity sales compared to last year, according to its UK half year financial results.

Single pensioners need £257,000 more than couples to achieve a comfortable living standard in retirement, according to analysis by Standard Life, part of the Phoenix Group.

Annuity and retirement specialist Just Group has reported a 154% jump in first-half profits boosted by bumper annuity sales and higher new business income.