Posts Tagged ‘Retirement Income’

Pension Income : thousands miss out on pension credits

Friday, November 19th, 2010

Pension Income : thousands miss out on pension credits

Many thousands of pensioners are losing out on vital pension income by failing to take up their entitlement to pension credits. This could be costing them £34 per week. Read More

One in 3 over-50s has no pension plan

Monday, November 15th, 2010

Nearly a third of over-50s have no pension plan or savings for retirement, according to a new survey by pensions and insurance giant MetLife Europe. Read More

First swell of baby boomers drains basic state pension

Wednesday, September 22nd, 2010

First swell of baby boomers drains basic state pension

The basic state pension system has already begun to creak and strain as the first of the 1940s ‘baby boomers’ comes to retirement. Next year, 650,000 people will turn 65 in the UK, with a further 800,000 in 2012, says the Department of Work and Pensions.
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Children’s pension plans take centre stage to replace Trust Funds

Monday, September 20th, 2010

Children's pension plans take centre stage to replace Trust Funds

Demand for children’s pension plans has jumped by 62% in the last year, as parents see value in a tax-efficient, long-term savings option for their child’s future. In the shorter term, parents are also giving their child peace of mind, while others of the coming generation may struggle to arrange their retirement planning.
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Smarter annuities shoppers maximise pension income

Monday, September 6th, 2010

Enhanced annuities offer a higher pension income to those whose life expectancy is reduced by smoking, or certain conditions including high blood pressure and high cholesterol. Demand for enhanced annuities was up by 41% in the first half, indicating that good pensions advice is making consumers more ‘savvy’ in their retirement planning.

One in 10 puts retirement plan on hold

Thursday, August 26th, 2010

One in 10 puts retirement plan on hold

Today, 10% of UK workers are revising their retirement plan, believing they will never be able to retire, according to Barings. In the same survey just 2 years ago, 100% of people were confident they could retire. Barings is urging workers to make retirement pension plans earlier, to ensure sufficient income in old age. Read More

Over 40s keep partner in the dark on retirement pension plan

Wednesday, August 25th, 2010

Over 40s keep partner in the dark on retirement pension plan

A third of couples over the age of 40 know nothing of their partner’s retirement pension plan, and general finances. As a result, there is no coherent financial planning in place, with many ‘living in hope’ that they will have sufficient income in retirement.

Pension Income plans will limit income drawdown

Tuesday, August 24th, 2010

Government is proposing to scrap Alternatively Secured Pensions (ASPs) but offer income drawdown of pension savings subject to new limits.

Falling pension income shows pension reviews essential

Monday, August 23rd, 2010

Falling pension income shows pension reviews essential

Projected pension income for private pensions savers continued to fall in July 2010, underlining the need for regular pension reviews to keep pension savings on track. Read More

Pensions savings cut by half due to costs

Monday, August 2nd, 2010

The pension savings of a typical middle earner in the UK could have been up to £100,000 larger, had hidden charges not been taken over the years. The same amount saved by a Dutch person would have given pension income 50% higher than his UK counterpart, due to a more efficient pension savings architecture in the Netherlands, a leading pensions expert said this week.

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