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'.
The Gender Pension Gap: How to overcome it -Royal London
Royal London’s research into workers’ retirement savings habits shows that pension contributions differ significantly by age, job type, and income. The one consistent is that the gender pension gap impacts women at every stage of their career, leaving them worse off in retirement.
Millennials struggle to save for retirement
Many millennials express hope to save more in the future, despite current financial pressures effecting their retirement plans.
Overtime pay could boost retirement income by £125,000 – Standard Life
Some industries, like manufacturing and construction, routinely offer paid overtime at typically 1.5-times the normal rate of pay, potentially creating a sizeable extra pool of earnings to dip into.
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.
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.
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.
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.
40% of retirees would change aspects of their retirement planning if given chance
A Canada Life survey finds that 40% of retirees would change their retirement planning.
UK experiences notable rise in retirement age, outpacing the USA
A new study reveals the UK has seen a greater increase in retirement age than the USA over the last two decades, ranking 22nd globally according to OECD data analyzed by AgeCalculator.com.
Pension shortfall looms for workers leaving the workforce early
Exiting the workforce early could reduce one’s pension by up to £150,000, warns Standard Life.
