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Tag: Annuities


Inflation falls but petrol price hikes hit pensioners hard

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The UK rate of inflation fell last month to its lowest level since February 2010, according to official figures out today (22 May).

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Pension savings lowest for eight years

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Pension savings hit a record low as only 46 per cent of people are saving enough for their retirement.

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No state pension until age 77

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Children born today may not be able to retire until they are age 77, according to a report out this week. But can we really carry on working this late in life?

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Millions to retire on less than minimum wage

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More than six million Britons aged over 50 have no pension plan in place and look set to rely on the state for retirement income, a new report has found.

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State and private pensions explained

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Most people’s retirements are funded from two main sources - the state pension and their own private pension. We take a look at how both types of pension work.  Read More…

Are you ignorant about pension auto-enrolment?

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Do you know what auto-enrolment is and how looming changes in pensions law could affect you? If not, you’re not alone.

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Research predicts surge in older people needing long-term care

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The number of people needing long-term care will surge by 2025 as a result of increased life expectancy, according to a new report by retirement specialist LV=.

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Pension savers warned to expect lower payouts

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Millions of pension savers are to have the expected value of their retirement income cut following a report commissioned by industry regulator Financial Services Authority.  Read More…

How retirement has changed and how to prepare

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Today, if you want a comfortable retirement, you need to plan well in advance and hope that you can save enough to generate the pension income you need.

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When will you be able to retire?

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The younger you are, the less likely you are to know exactly when you’ll be able to retire. Even for people in their fifties and, in some cases, sixties, it may not yet be clear when they will be able to stop working.  Read More…