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Pensions News

Listing 490 articles over 49 pages

Retirement Saving Hits High But Savers Expecting More

Retirement saving in the UK has hit its highest ever level, with 56% of people now saving an adequate amount.

Future Retirees Pessimistic About Future

The next generation of retirees believe they will be worse off compared to those choosing to retire this year, according to research from retirement firm Prudential.

Thousands Of People Head Into Retirement With Debt

Thousands of people over 55 years of age are heading into their retirement with unsecured debt of up to £10,000, according to solutions provider Debt Advisory Centre.

Carers And Nannies To Start Receiving Pension Contributions

People who employ nannies and personal carers may now have to pay them pension contributions.

Less Than A Quarter Of Over 55s Have Enough Pension Savings

Only 24% of people aged over 55 have adequate savings to fund their retirement, according to a survey from Close Brothers Assessment Management.

Government Spends £37,000 On Pension Wise Branding

The UK government has spent £37,000 on developing a “brand identity” for the guidance service it created in the wake of the new pensions reforms, Pension Wise.

Past 12 Months See Sharp Rise In Demand For Financial Advice

There has been a sharp rise in people looking for financial advice over the past 12 months, with more than a third of accountants experiencing an increase in potential clients.

Pensioners Will Not Blow Their Savings On "luxuries"

Only 1% of those aged 50-75 years old have claimed that they will spend their pension pot on luxuries, according to a report from commercial firm Price Waterhouse Coopers (PwC).

Thousands Face Hefty Tax Bill Thanks To Pension Reforms

The Institute of Fiscal Studies (IFS) has claimed that hundreds of thousands of people will be faced with a huge tax bill if they decided to cash in their pensions when the new reforms are introduced.

Pension Information Sold To Fraudsters

Financial firms are selling data about people’s pension information to fraudsters and cold calling firms, according to report by the Daily Mail.

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