Displaying items by tag: pensions
Pension system 'may be failing self-employed'
New private pension figures published by HMRC have revealed that the number of self-employed people contributing to a personal pension climbed to 340,000 in 2021-22, up from 330,000 the previous year.
Advisers fear pension death tax changes
Only one in 10 financial advisers support the government’s proposed changes to the tax rules surrounding pension death benefits.
Rising number of centenarians puts pressure on pensions
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.
Older workers in dark about pension pot size
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.
State pension set to rise 8.5%
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 launches new pension annuity
Standard Life has re-entered the annuity market as annuity rates rise and demand for annuities surges.
Pension transfer activity halves in one year
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.
Thousands unaware they can fund a partner’s pension
Three quarters of pension savers are in the dark about their ability to contribute to a partner’s pension.
Canada Life reports doubled annuity sales
Canada Life has reported doubled annuity sales compared to last year, according to its UK half year financial results.
Single pensioners need £257k more for retirement
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.