Some 44% of people are underestimating their life expectancy and withdrawing more than 10% of their pension savings each year running the very real risk that they will run out of funds later in retirement. The report from AJ Bell is based on research amongst surveyed 250 adults aged 55 plus who had flexibly accessed […]

Almost eight out of ten (78%) over-50s significantly underestimate how long they are likely to live, leading to concerns that many currently taking advantage of pensions freedoms may well run out of cash in retirement. A study carried out by Retirement Advantage has highlighted the particular dangers of pension freedoms for those who have raided […]

A new report by Dunstan Thomas has shed some worrying light on the position of millions of Baby Boomers as they head into retirement. The report, Engaging with Baby Boomers Retirement Journeys outlines the findings on a large survey carried out this year among 71 year olds. Some 59% of those interviewed had yet to […]

According to new research, divorced women are missing out on an estimated £5 billion a year because pension savings are often overlooked during divorce settlements. A study by Scottish Widows has found that seven out of 10 couples do not bring pensions into divorce settlements even though they can potentially be one of the biggest […]

A story appeared in the media this month saying that the “safe withdrawal rate” for people with a pension pot was just 1.9%… a serious adjustment to the more commonly accepted 4%, if true. Mark Soper investigates. The term “safe withdrawal rate” has been much bandied about since the advent of pension freedoms. But what […]

Reports in the media are suggesting that the Government’s pledge to introduce a cap on social care costs by 2020 has been further delayed – with the possibility that further consultations will see it abandoned entirely. The news comes just months after the Prime Minister was forced into an embarrassing U-turn on her election manifesto […]

Threats to company pensions funds following business collapses, such as those of BHS and Monarch, and the renegotiation of steel workers’ future benefits, may not be isolated incidents, according to the Pensions and Lifetime Savings Association (PLSA). A study has concluded that some three million savers currently in defined pension schemes may have as little […]

Thinking of staying in work past the official retirement age? Then join the generation steadily pushing back the age of retirement. The employment rate for those between 50 and 64 reached a record high point of 71.2pc this summer. This is only a smidge below the national employment rate across all ages of 75.3pc, itself […]

New research from pension communications company Pension Geeks shows that 83% of people in work wish they were saving more into their pension, with almost a third of over-55s uncertain if they will be able to retire on their current savings. The concerns are backed by recent savings figures: the Scottish Widows Retirement Report shows […]

Are you currently paying an interest only mortgage? Does it look like you will still be owing money on your mortgage as you enter retirement? Or are you one of the many people planning to use the new pension freedoms to pay off all or part of your mortage debt? If one of these sounds […]