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Displaying items by tag: retirement

Canada Life says it has seen customer enquiries triple in the wake of pension freedom changes.
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A survey of financial advisers has revealed that 71% say their clients plan to work longer and retire later to bridge the gap in their retirement savings.
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A survey of 2000 consumers has revealed that 89% do not consider saving for retirement a priority. The survey also estimates that 15m people are not saving at all.
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Most members of pension schemes are likely to turn down the option to withdraw 100% of their pension rights as a lump sum, according to research from Capita Employee Benefits.
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Thursday, 26 March 2015 11:40

Regulator pushes pensions dashboard proposal

The Financial Conduct Authority is proposing a pensions dashboard allowing consumers to see all their pension pots in one place, following a study on retirement income it carried out last year.
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Checking up on the bodies that will provide the new Pension Wise service will cost the FCA nearly £400,000 every year and an initial outlay of nearly £600,000.
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The Sipp as originally envisaged by former Chancellor Nigel Lawson is "now an endangered species", a leading expert says, as the 25th anniversary of its creation was marked.
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Dangers lie ahead for consumers under plans for the re-selling of existing annuity contracts, a Sipps firm has warned.
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Thursday, 12 March 2015 13:05

Annuity re-sales could be in next week's Budget

The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
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Tuesday, 10 March 2015 10:31

MPs warn over pension protection for savers

An influential group of MPs has questioned if there is strong enough protection for savers under the new pensions rules.
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