Generational opinion gap in using property to fund retirement
New research has revealed a significant attitudinal difference between generations in regard to using property wealth to support later life financial stability.
FCA invites views on pension pot protection measures
A consultation has been launched by the Financial Conduct Authority (FCA), proposing a number of measures to protect consumer pension pots.
Consultation sets out proposals to improve powers of Pensions Regulator
A consultation has been launched today detailing plans to improve the powers of the Pensions Regulator as well as increase the protections for defined benefit scheme members.
Firm calls for pensions advice allowance to be extended to self-employed
A national advice firm is urging the Government to extend the advice allowance for pensions to those who are self-employed.
Pension transfers hit all time high
New figures have revealed that the number of people taking advantage of the pensions freedoms has hit a new record.
Downsizers struggling to find suitable homes
New research shows that downsizers are having to reconsider making the move due to a lack of suitable homes and uncertainty around the financial benefits.
Fraud considered a top risk to pension freedoms
Recent data found that advisers believe fraud and stock market volatility are the greatest risks to pension freedoms.
East of England more likely to experience pension scam attempts
New statistics indicate that the highest percentage of scam attempts on investments and pensions were experienced in the East of England during the last year.
1/5 of over 50s to use property wealth as retirement income booster
Recent research has revealed that one in five people aged 50 or over are relying on property wealth to fund their retirement.
Pensions Dashboard “ready for 15 million consumers”
A technology provider has successfully scale tested its pension dashboard solution to handle expected usage by 15 million consumers when live.
Report suggests Retirees reluctant to spend pension wealth
New research has revealed that older people are less likely to spend money impulsively.
2017 sees workplace pension savings rise but average per employee falls
New data has revealed that 2017 saw the total value of savings into workplace pensions grow by £4.3 billion during the year.
Retirement gender pay gap persists at 29%
Recent research has revealed that the average expected retirement income for women retiring this year will be £4,900 lower than that of men.
Record high number of women taking out lifetime mortgages
Recent data has revealed that the number of single women taking out lifetime mortgages has grown by 12% since 2016.
Number of people seeking financial advice grows
Recent research has revealed that the proportion of people seeking financial advice has seen an uplift in the last two years.
Report urges retirees to register LPAs to avoid ‘later-life financial crisis’
A new report suggests that four-fifths of retirees who are taking advantage of pension freedoms may face a ‘later-life financial crisis’.
Information to be shared between pensions watchdogs
In a bid to increase their general understanding of issues in the sector, both the Pensions Regulator and the Pensions Ombudsman have agreed to share information.
Renting retirees need ‘pension mountain’ to avoid fall in living standards
New research suggests that retirees who rent will need a £445,000 pension pot to maintain living standards.
Number of employees contributing to workplace pensions sees significant growth
New research has revealed that just under three-quarters of employees now contribute to a workplace pension.
Underestimating life expectancy could impact later life saving
Those born between the mid 1960’s and early 1980’s are underestimating their life expectancy by around ten years.