Autumn Budget 2024: State Pension Triple Lock remains
The government has decided to maintain the State Pension Triple Lock for the duration of this Parliament.
National insurance increase may drive employers to salary sacrifice pensions – Evelyn Partners
Chancellor Rachel Reeves is expected to raise the National Insurance Contribution rate for employers by 1% to 2% in the Budget tomorrow.
38% of pre-retired DB members lack retirement planning confidence – Just Group
Around 20% of those who had started planning were prompted by communication from their scheme provider.
Pension uncertainty turns spotlight on capital drawdown – Key Later Life Finance
The firm urged savers and advisers to embrace the broader philosophy of capital drawdown, focusing on all assets and particularly property wealth.
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.
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.
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'.
