Single pensioners face £200k retirement savings gap, research finds
Couples can achieve a moderate standard of living with a joint pension pot of £456,500 at current annuity rates, while a single pensioner would need £455,250 on their own.
MPs launch inquiry into pre-pensioner poverty
The Work and Pensions Committee will look into reasons for leaving work early, inequality, how raising the pension age impacts pre-pension and pensioner poverty.
DWP runs trial to boost pension credit claims among eligible pensioners
DWP is running a trial with Age UK and Independent Age, sending letters to 2,000 pensioners in England who are likely to be eligible but not claiming.
Nearly a million families miss out on £2.6bn in unclaimed pension credit, data reveals
DWP data for the financial year ending 2024 showed there were up to 910,000 families who were entitled but did not claim.
PensionBee warns modest pension income growth won’t secure comfortable retirement
Lisa Picardo said: “Relying solely on the State Pension or a workplace scheme where only the minimum has been put aside is unlikely to provide the financial security most aspire to.”
Nine million of pensioners to receive winter fuel payment under £35,000 cap – HM Treasury
The payment will be £200 per household, or £300 where someone is over 80, and paid automatically.
Single pensioners need £225,000 more for retirement than couples – Standard Life
The research found that single retirees aiming for a minimum standard of living would need an annual income of £14,400 after tax.
Pensioner homeowners most likely to miss out on unclaimed state benefits, research reveals
The Just Group survey showed only 15% of renters had never checked if they were entitled to extra state help.
TPR promotes greater industry collaboration to protect pension savers
In a keynote speech today, Patrick Coyne, interim director of policy and public affairs at TPR, outlined the steps the regulator will take to protect savers.
Frozen tax thresholds to add 17.9 million brits to income tax rolls – Quilter
The analysis also highlighted that 8.2 million individuals over 60 will be affected.
Fewer pensioners relying on income-related benefits, finds DWP
DWP's report showed that average weekly incomes for pensioners after housing costs have almost doubled over the past three decades.
Majority view Pension Freedoms reform positively as it celebrates 10 year anniversary – Standard Life
Ten years after the introduction of Pension Freedoms on April 6, 2015, research from Standard Life revealed that the vast majority of those who have accessed their savings view the reforms positively.
