The proportion of 25 to 74 year olds saving for retirement has leapt up in the last two years, a report published this morning has suggested.
People who have not shopped around for their annuity will collectively miss out on £104m of income over the course of retirement, new analysis has suggested.
Around 2.4 million grandparents are breaking open their pension piggy banks to help their grandkids, a study has indicated.
About 14 million people aged 25-34 could be underestimating the pot they need at retirement by nearly £400,000, new research has suggested.
Nearly one in four over-55s plans to take cash out of their pension funds while still working.
The CII is to launch a new pensions exam unit to support professional standards in the sector.
The total property wealth of over-55s in England will double to almost £2.5trillion by 2035, according to research by Age Partnership, a retirement income specialist.
Equiniti research has found that an increasing number of people say their biggest financial challenges is fear of not being able to afford to retire.
A Retirement Survey, which polls some of the UK’s leading pension and annuity professionals, found that 86% agree or strongly agree that the UK will see an increase in individuals taking cash beyond their tax-free allowance.
Women in the UK are setting their sights “significantly lower” than men when it comes to how much money they need to live comfortably in retirement.
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