News
Retirees face £18,000 annual shortfall between expected income and state pension – Broadstone
The survey also found 26% of retirees aged 40 to 75 said they felt worse off in retirement than they had expected.
Retirement savings
News
Government revives Pensions Commission to address failing retirement incomes
The revived commission will look at barriers to saving and make recommendations, with a final report due in 2027.
News
PLSA rebrands as Pensions UK in defining period for retirement saving
Julian Mund said: “We will continue to do everything we can to help everyone get a better income in retirement.”
News
Polygamous working could boost pension by £47,000 – Standard Life
Dean Butler said: “Doubling up on jobs can mean extra income now, and potentially a long-term savings benefit too. However, it’s clearly not without complications."
Pensions & Retirement
Default pension savings could help close self-employed retirement gap – Nest Insight
The research found that autosave, a default pension saving mechanism, could give self-employed people better financial security.
Pensions & Retirement
Working from home could boost pension pots by over £250,000, Standard Life analysis shows
Employees who redirect commuting savings into their pensions could increase their retirement fund by up to £266,000.
News
One in 10 UK adults have no savings – FCA
The survey found a third of adults with a DC pension had less than £10,000 saved, while 12% did not know how much they had in their pension pot.
News
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.
Pensions & Retirement
Nucleus calls for independent commission on pensions and savings policy
The call came in an open letter to Pensions Minister Torsten Bell and other key decision makers, renewing the push for an independent commission.
Pensions & Retirement
Millennials and Gen Z face increased pension demands due to rising costs – Moneyfarm
With increasing life expectancy and rising costs, young people face the challenge of ensuring their pension pots last.
Pensions & Retirement
Millennials most anxious about retirement savings, despite having most time – Standard Life
Around 66% Millennials are concerned they are not saving enough.
News
Switching to part-time work at 35 risks reducing retirement savings by £58,000 – Standard Life
Working three days a week from age 35 could reduce total retirement savings to £152,000.