Encouraging more people to save towards
their retirement
The Government’s flagship scheme to encourage more people to save towards their retirement is well underway – but there’s still a distance to go.
Topic: Retirement
What’s your number?
Make sure your pension is on track to grow enough to support you in retirement
Do you know how much your pension is worth? Do you know how many you have or where they are? How about the type of funds they’re invested in or how much risk is involved?
Pensions grab headlines
Taking centre stage in the Queen’s Speech
This year is best described as the year of the pension. After grabbing the headlines following the Chancellor’s Budget 2014 speech, pensions were once again top of the agenda. In an 11-bill programme, pensions took centre stage, with major changes to annuities and workplace schemes also announced.
Baby boomers’ top five biggest financial regrets
New survey reveals how some approaching retirement wished they had made different choices
Not saving enough for retirement is the biggest financial regret among those aged 55 or over (today’s baby boomers), according to the findings of an annual online survey from Standard Life by YouGov Plc. Nearly one in five (18%) baby boomers said they wish they’d started saving for their retirement when they were younger.
It’s easy to lose track of pensions
Helping you take full control of your retirement savings
People change jobs, employers change their names but, more importantly, we all forget things from time to time. With that in mind, it is easy to lose track of pensions that you have paid into over the years.
Working past the default retirement age
Adapting to changes in working patterns
More than half of over-55s currently in the workforce are happy to work past the default retirement age of 65, according to new research from MetLife[1].
Spending on luxuries in retirement
The reality of living on a pension is taking new retirees by surprise
The reality of living on a pension is taking new retirees by surprise, with many under-budgeting their first five years of retirement and overspending by an average of £6,500, according to LV=. This is leading to a surge in older retirees taking out new credit or extending previous credit commitments.
First-time parents
Preparing for the arrival of your first baby
First-time UK parents spend more than £492 million[1] each year preparing for the arrival of their first baby, according to research from Aviva. This equates to £1,619 per family and shows a 17% increase to the £1,389 total in March 2012[1].
‘Save smart’
Focused on managing costs
We’re becoming increasingly good when it comes to cost cutting, according to the latest findings of an annual online survey from long-term savings and investment specialist Standard Life by YouGov PLC.
Generating a retirement income
Taking on the risk of managing your own pension
New research[1] from MGM Advantage shows the risk people are willing to take managing their own pension savings. 28% of the over-55s said they were not comfortable taking on the risk of managing their own pensions to provide a suitable income throughout retirement.
