Pensions & Retirement - Page 26

State Pension Shortfall Day arrives for pensioners with minimum standard of living

Today marks State Pension Shortfall Day – the point in 2024 when a single pensioner on the ‘minimum’ of the PLSA Retirement Living Standards would have exhausted the full new State Pension and be reliant on private pension income or other savings to bridge the gap.

21/10/2024

Lead Story·News·Pensions & Retirement

State Pension to increase by 4.1% as CPI drops to 1.7%

State Pension increases of 4.1% for 2025/26 will outstrip general price rises for the second year running.

16/10/2024

Lead Story·News·Pensions & Retirement

Younger workers save 10% of wages to pension, twice as much as older employees – Royal London

The younger age group is more likely to be taking advantage of employer-matching contributions (51%) compared to those aged 50 and above (38%).

15/10/2024

Featured·News·Pensions & Retirement

Should the UK adopt South Africa’s ‘two-pot’ retirement savings system?

Inflation and the subsequent cost-of-living crisis have pushed millions of UK citizens to the brink of financial crisis.

15/10/2024

Featured·Lead Story·Opinion·Pensions & Retirement

Women have £60 in pensions for every £100 saved by men at 55, menopause key factor – Royal London

Ahead of World Menopause Day, Clare Moffat commented on the impact on women’s working lives, and the implications for their pension.

14/10/2024

Health & Wellbeing·News·Pensions & Retirement

Majority back regulated introduction of targeted retirement support, finds Aegon

These findings come as the Government and Financial Conduct Authority (FCA) consult on plans for regulated firms to provide 'targeted support'.

14/10/2024

Lead Story·News·Pensions & Retirement

Budget shake-up could negatively affect pension planning – Hargreaves Lansdown

Tax-free cash was reduced to a maximum of £268,275 by the last Government, prompting further speculation as to whether it would be eroded further in future.

14/10/2024

Lead Story·News·Pensions & Retirement·Politics

Bravura selected by West Yorkshire Pension Fund to connect to Pensions Dashboard

This will enable more than 400,000 members to find and view their WYPF-administered pensions when pensions dashboards are available to the public.

11/10/2024

News·Pensions & Retirement

WTW proposes replacement options for ‘broken’ DC pensions

The firm proposed four ways of replacing DC pensions with designs that could help employees achieve better outcomes.

10/10/2024

Lead Story·News·Pensions & Retirement

Third of self-employed have less than £1,000 in savings, finds interactive investor

90% of self-employed workers aged 55 and over were off track for a moderately comfortable retirement.

09/10/2024

News·Pensions & Retirement

Royal Mail launches UK’s first collective defined contribution pension scheme

The scheme will offer more than 100,000 Royal Mail employees a cash lump sum and an income in retirement.

09/10/2024

News·Pensions & Retirement

Government to fast-track plans to boost access to CDC pensions

CDC pension schemes, first introduced to the UK in 2022, enable savers to pool their money into a single fund to share investment risk and longevity risk.

08/10/2024

Lead Story·News·Pensions & Retirement·Politics

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Pensions & Retirement - Page 26

State Pension Shortfall Day arrives for pensioners with minimum standard of living

State Pension to increase by 4.1% as CPI drops to 1.7%

Younger workers save 10% of wages to pension, twice as much as older employees – Royal London

Should the UK adopt South Africa’s ‘two-pot’ retirement savings system?

Women have £60 in pensions for every £100 saved by men at 55, menopause key factor – Royal London

Majority back regulated introduction of targeted retirement support, finds Aegon

Budget shake-up could negatively affect pension planning – Hargreaves Lansdown

Bravura selected by West Yorkshire Pension Fund to connect to Pensions Dashboard

WTW proposes replacement options for ‘broken’ DC pensions

Third of self-employed have less than £1,000 in savings, finds interactive investor

Royal Mail launches UK’s first collective defined contribution pension scheme

Government to fast-track plans to boost access to CDC pensions

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