
Women’s average retirement age up seven years over three decades, research finds
Phoenix Group found the average age of retirement for women in the UK has increased by seven years in the last thirty years.

Phoenix Group found the average age of retirement for women in the UK has increased by seven years in the last thirty years.

Superfunds have come of age, according to Hymans Robertson.

A third (33%) of those over 55 reported not knowing their contributions, compared to just 10% of people between 18 and 34.

Pensions holders are struggling to manage multiple pensions pots, but dashboards could represent a turning point for member engagement.

Employees across the UK are set to benefit from a significant overhaul of workplace pensions.

The rise in employer NIC from 13.8% to 15% will threaten independent schools' ability to provide TPS and STPS pensions for teachers.

A total of 60% of respondents to Nucleas' Retirement Confidence Index said they are not confident about their retirement prospects.

In contrast, over half (54%) said they wouldn’t work longer, while 23% were unsure.

The current average gap in pension savings at retirement showed women trailing men by about £100,000.

Gen X were more negative about their retirement prospects, with 54% worried their finances would not last, compared with 31% of older Baby Boomers.

This followed the FCA's recent publication on the regulatory framework for pensions dashboard service firms.

The firm warns that personnel changes can transform the objectives a DB scheme aims to achieve.
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