
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

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
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

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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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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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.

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

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

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
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.
















