Online pension provider PensionBee has issued a stark warning that today’s average employee is currently on track to exceed the current Lifetime Allowance of £1,073,100 by the typical retirement age of 64-65. Many workers, they say, may be unaware of how much will be saved through auto-enrolment – and subsequently, run the risk of triggering […]

The latest Saltus Wealth Index has just been published, revealing how high net worth individuals (HNWIs) with investable assets of over £250,000 feel about the UK economy, their own wealth and lifestyles. The twice-yearly Saltus Wealth Index surveyed over 1,000 individuals, and their responses show how priorities and concerns have changed. The biggest threats to […]

Are YOU one of the 35 million savers who now have ready access to the Pensions and Lifetime Savings Association (PLSA)’s Retirement Living Standards through your pension scheme? If not, it’s simplicity itself to find out exactly what you will need to have as a retirement income in order to achieve the lifestyle you aspire […]

Estimating exactly how much you’ll need to enjoy a comfortable retirement has never been easy, as our spending habits will inevitably change as we move through our later years. But now a new report from the Institute for Fiscal Studies has shed new light on these shifts. The report, authored by Rowena Crawford, Heidi Karjalainen […]

A “pension will” can prove vital if a person dies before they reach retirement age. But a new survey from Canada Life shows that almost three-quarters (72 per cent) of UK adults aged 55 and over have not completed an expression of wish form, which nominates the beneficiaries of their pension benefits in the event […]

Positive news for some savers this month: the aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund (PFF) 7800 Index increased from £133.6bn in February to £176.4bn at the end of last month: an increase of £42.8bn. This means that Section 179 liabilities (the level of assets needed to secure PPF-level benefits […]

New research amongst financial advisers, conducted by Aegon in conjunction with Next Wealth, shows that the number one priority for people planning for retirement is to keep up their current standard of living once they leave the workplace. The survey quizzed 212 financial advisers about the hopes and fears of their retirement clients and found […]

New research from Aviva shows that the majority of people heading towards retirement (64%) regret not saving more at an earlier stage in their working lives. Many, understandably, prioritised raising children (42%) and paying off their mortgages (40%) before putting any surplus cash into their pension.  However, a third put leisure / holidays (32%); clothing […]

Anyone planning to retire during the next few years faces a “financial rollercoaster” according to LCP partner Steve Webb, based on the latest forecasts from the Office for Budget Responsibility. In particular, he says, those who rely on the state pension for a large part of their income who really will see it rise by […]

Pension experts are warning that those planning for retirement will need to significantly increase their pension pots to keep up with soaring inflation. Key points include: Current CPI inflation is at a 30-year high of 6.2% and the Bank of England expects it to increase further in the coming months. Someone retiring at the end […]