Displaying items by tag: pensions
Annuity break-even point falls by 5 years
The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.
Life expectancy falls 7 months for retirees
A new study suggests that retirees may have a life expectancy six to seven months lower than before the Coronavirus pandemic.
State pension needs reform - Phoenix
There needs to be fundamental reform to the State Pension to prevent later life poverty from worsening as the pension age rises, a new report warns today.
DB schemes should offer more flexibility
A former senior official at the Pensions Regulator has called for members of DB pension schemes to benefit from the same flexibility as those with DC schemes have.
6 in 10 ‘concerned’ about pension age rise
Six in ten 50-year-old workers say they are worried about the upcoming rise in the minimum pension age, according to a new study.
Pension gender gap reverses for first time
The pension gender gap between single pensioners under 75 has reversed for the first time ever, according to analysis of DWP data.
Men more likely than women to run a SIPP
Major new research has revealed that men are more likely than women (43% versus 37%) to manage their own pensions, such as via a self-invested personal pension scheme (SIPP).
State pension age rise could be delayed
Plans to bring forward a rise in the state pension age which were expected to be announced in May have been put on hold, according to newspaper reports
Pensions practitioner guide aims to combat scams
The Pensions Scams Industry Group (PSIG), the voluntary body set up to support trustees, providers and administrators in combating pension scams, has launched an ‘Interim Practitioner Guide’ which details the key due diligence steps to undertake when assessing a pension transfer.
Pension contribution warning from Quilter
Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.