Young people plan to work part-time in retirement to boost pension savings
Almost half of 18- to 24-year-olds plan to work part-time in retirement, potentially adding up to £88,000 to their pension pots, according to Standard Life.
£106m in redress offered to former British Steel Pension Scheme members
Over £106m in redress has been offered to 1,870 former British Steel Pension Scheme members, with support for more than 6,500 members provided by FOS, FSCS, and the redress scheme.
Delayed retirement likely for millions as UK pension savings gap widens
New research shows 38% of UK adults are not on track for even a minimum retirement lifestyle, with many expecting to work longer due to inadequate pension savings.
Chancellor promises ‘big bang on growth’ with pensions review
Under the plans unveiled by the Chancellor, billions of pounds of investment could be unlocked in the UK economy from defined contribution (DC) schemes alone.
Pensions take centre stage in King’s Speech
The King's Speech highlights the government's focus on pensions, introducing measures to boost retirement savings and improve pension management.
The true cost of retirement: £36,480 per year
HL's Savings and Resilience Barometer finds moderate retirement costs at £25,000 annually for singles and £36,480 for couples, highlighting planning challenges.
Third of independent schools withdraw from Teachers’ Pension Scheme
Since 2019, 580 schools have notified the Department for Education of their intent to withdraw.
Hymans Robertson appoints new heads of private sector actuarial services and large DB scheme solutions
Hymans Robertson appoints new heads of private sector actuarial services and large DB scheme solutions
Tax simplification should top Chancellor’s agenda, says Hargreaves Lansdown
Hargreaves Lansdown urges Chancellor Rachel Reeves to prioritise tax simplification and avoid further complexities in the tax system.
Culture, cost and confusion are stopping school leaders taking phased retirement
The survey of more than 500 school leaders aged 50 and older found more than half (53%) would consider taking phased retirement, but almost a third (30%) of them don’t believe it will be possible.
Scottish Widows launches Retirement Matrix to address decumulation
The tool will help advisers have better conversations with customers and help them boost their retirement income.
Greens propose wealth tax raid alongside NI hike and pension tax relief overhaul
The Green Party proposes major tax reforms, including equalising CGT and dividend tax, increasing National Insurance, and overhauling pension tax relief, impacting investors, business owners, and workers.
