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Pensions News

Listing 490 articles over 49 pages

Over 230,000 Withdraw Money From Pensions

Over 230,000 people have withdrawn money from their retirement savings, since pension freedoms were introduced a year ago.

Lifetime ISA: Government Urged To Clear €muddy Waters”

The Chancellor has been told to urgently establish an independent pensions review after confusion over the role the Lifetime ISA has in pension savings has “muddied the waters”. Scottish National Party MP, Ian Blackman, called for the Tories to provide more information to savers about employer contributions and the potential dangers to retirement savings that sacrificing a workplace pension scheme for the Lifetime ISA could present.

Pension Reforms Will Not Result In PPI Style Scandal € FCA Chief

The government has been assured that pension freedoms will not result in customers being mis-sold financial products on the same scale as the Payment Protection Insurance (PPI) scandal.

New State Pension Unfair To Women

The new state pension, which from April will replace basic and additional pensions for people reaching retirement age, has been accused of being unduly harsh to women by a group of MPs.

Retirees Still Value Guaranteed Income

Public demand for a guaranteed income in retirement is still high, despite the fears that the recent pension reforms would spell the end for annuities.

OECD: UK Has One Of The Least Generous State Pensions

The UK state pension has been found to be one of the least generous in the world, according to a report from The Organisation for Economic Co-operation and Development (OECD).

Age UK Launches Their Campaign For Warm Homes

Charity Age UK has discovered evidence that one person (generally elderly) will die every seven minutes from cold related diseases this winter.

Over 55s Withdraw £4.7 Billion Under New Pension Freedoms

Figures from the Association of British Insurers (ABI) have shown that the over 55s have withdrawn £4.7 billion under the new pension freedoms introduced in April.

State Pension Age To Rise To 70 By 2050

The state pension age may rise to age 70 by 2050 as the Office for National Statistics (ONS) revealed a sharp rise in life expectancy.

500,000 People To Use Pension To Pay Off Mortgage

Over half a million people in the UK are planning on taking advantage of the pension reforms to help repay their mortgage, according to data from annuity provider Partnership.

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