New research by retirement financial advice firm Responsible Life shows that 75 per cent of pensioners with their pots invested have insufficient reserves to fall back on should the market encounter a major shock. They polled just over 1,000 UK pensioners and concluded that 45 per cent of those who use drawdown rather than buying an annuity have no reserves to […]

Millions of people in the UK face an impoverished retirement because they are not saving enough, new figures show. The current average annual income that someone currently aged 55 and over can expect on reaching State Pension age is £15,890 – including their state pension. However, according to the online investment site, True Potential Investor, […]

With new vinyl record sales soaring to above four million last year – the highest volume since 1991 – and the value of many vinyl collections tripling in value over the last 10 years is it too late to get on the vinyl bandwagon? Mark Soper explores. Earlier this year, music sales through streaming outsold […]

  By Tony Watts OBE No, nothing to do with the late Queen classic of the same name, but a serious question in the wake of a recent New Scientist survey which asked over 2,000 people if they would take up the offer of immortality if they had the chance. The answer is: just one […]

Just how “retirement ready” are you? And will your retirement income match the average in the region where you live? Financial services provider Hargreaves Lansdown has analysed Office for National Statistics (ONS) and Government data and discovered that households in the South East of the country need to save the most over their working lifetime […]

The Pensions Regulator has sent a warning to some of the UK’s leading pension funds over their concerns that they are being too generous when offering lump sums to people cashing out of “defined benefit” retirement schemes. Their concern is that excessively generous playouts could damage their funds – and so impact upon remaining members. […]

How high a price are older people paying because of loyalty to their suppliers? Over £250 a year according to one recent extended trial. If you’re of a certain vintage, like me, you’ll remember the execrable “Tell Sid” ads back in 1986 advising the public to cash in on the upcoming privatisation of British Gas. […]

Thinking that you can fall back on your property later in life because your pension won’t be enough? You might have to think again. New research from Royal London – “Will Housing Wealth Solve the Pensions Crisis?” – examined the pension income and housing wealth of nearly 7,000 pensioners across Great Britain and argues that, for […]

A new campaign is underway to persuade the Government to stick to its promise and allow those who retired before 2015 to enjoy the potential benefits of pensions freedom. When the Government introduced pensions freedom, up to five million people who had already invested in an annuity were “left behind” – but the Government promised […]

The growth in pensioners’ incomes is currently outpacing that of those in work. But there are clouds on the horizon… Some good news for those deemed to be in a “pensioner household”: you are faring rather better than those still doing the 9 to 5. Last year the median disposable income of those in retirement […]