Northern Ireland and North East face highest risk of retirement poverty – Scottish Widows
Nearly half (48%) of people in these regions could struggle to cover their basic needs when they stop working.
State Pension provides half of income for over-80s, report finds
The research, comissioned by Quilter and produced with the Centre for Economics and Business Research (Cebr), found average annual retiree spending stands at £22,140.
47% of adults unaware how their pension is performing – Hargreaves Lansdown
Research found that men were more likely to know than women, at 58% compared to 36%.
Most employers unsure how to manage older workers who choose to retire later – Canada Life
The survey showed that over a third (37%) of businesses have seen staff working later into life compared to five to 10 years ago.
Half of adults not saving into pensions despite rise in workplace participation – DWP
David Brooks said: “One in 10 new savers are opting out of their pensions demonstrating the ongoing battle between longer-term saving and immediate budgetary constraints."
66% of adults unaware of state pension deferral option – Just Group
33% of adults were not sure what would happen to their payments if they delayed, and 8% thought they would get the same or less if they put it off.
Early 50s workers face losing nearly £18,000 if state pension age rises sooner – Rathbones
If the change is brought forward so people have to wait until 68 between 2039 and 2041, workers aged 51, 52 and 53 could lose a year’s worth of state pension.
Affordable housing is top asset class for DC pension investors – L&G
Out of over 4,400 savers surveyed, 97% said affordable housing was an important social issue.
A quarter of workers doubt they will ever be financially independent – Scottish Widows
37% did not feel confident they could cover unexpected emergencies, while 33% said they had no disposable income left each month.
Half of pension savers prioritise guaranteed income over flexibility, research reveals
The survey looked at people aged 40 to 75 and found that 46% said guaranteed income was the most important thing for their pension to provide.
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.
MPs call for national strategy to tackle pensioner poverty
Debbie Abrahams said: “So, we’re calling for a nationwide, cross-government strategy for an ageing society that should be rooted in equity and wellbeing."
