Action on lost pension pots needed with £31.1bn going astray, research reveals
This is an increase from 2.8 million pots valued at around £26bn two years ago.
Standard Life urges action to prevent poor retirement outcomes
Though there is a market for financial advice, the firm argued that it currently serves only a wealthy subset of the population.
Advisers face surge in pension queries as clients anticipate Budget changes – AJ Bell
AJ Bell found that almost all advisers reported clients approaching them with questions about potential changes.
Income Tax threshold freeze could be burden for pensioners – Quilter
Quilter commented on the rumours that Rachel Reeves may extend the income tax threshold freeze to 2030, and its impact on pensioners.
Loss of NIC pension relief could cost employers nearly £500 per worker
The removal of NIC pension relief could be a hit to employers, particularly those contributing more than the minimum.
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.
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.
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%).
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.
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.
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'.
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.
