What is the average income in retirement for today’s retirees… where is the income coming from, which regions are doing best and what trends can we see emerging? New data from the ONS reveals all. The Family Resources Survey (FRS) for the financial year ending (FYE) 2023 has just been published by ONS and it […]

March marked the tenth anniversary of the announcement of “Pension Freedom and Choice” reforms which, along with Auto-Enrolment, represented the two major shifts in pension policy enacted under George Osborne. What have been the long-term impacts for savers? asks Tony Watts OBE. Up until then, savers reaching retirement were all channelled down the annuity route. […]

It’s not just how much you earn that helps individuals enjoy a “resilient retirement” as a new survey has just revealed… While how much you earn will play a big part in helping individuals and couples enjoy a comfortable retirement, other factors do come into play according to new research from Hargreaves Lansdown, published as […]

A new study, from the Pensions Management Institute (PMI), shows that almost a quarter (24%) of people think they will have to delay their retirement and a further 23% have reduced their pension contributions. One in 20 people questioned (5%) say they have stopped making pension contributions entirely. The PMI is the professional body that […]

New figures released by the Pensions and Lifetime Savings Association (PLSA) show that the amount we need to save for our retirement has shot up in the last year, as rising food prices and energy bills drive increases in the cost of living during retirement. The PLSA says that income required for the “minimum” Retirement Living Standard […]

New figures show only 30% of high earners are on track for a comfortable retirement. New statistics from the HL Savings and Resilience Barometer show that less than a third (30%) are on track for a “comfortable” retirement. This compares to only 13% of households overall. Even when it comes to achieving a “moderate” retirement […]

A bill currently working its way through Parliament could have huge implications for anyone in receipt of a state benefit – and that will include the state pension. Anyone who has watched the film “Minority Report” will know that it portrays a time when a specialised police department can predict which people are likely to […]

Unsure if you’re on course to receive a full State Pension when you retire? Confused by whether or not it would be worth buying top-ups to fill any gaps? Then read on. Former pensions minister Steve Webb is urging anyone planning their retirement to check whether they could profitably plug gaps in their NI contributions […]

If you have a DB pension waiting in the wings for your retirement, you’ll want to know the latest assessment on whether or not the UK’s 5,000 DB schemes will be in good shape to meet its obligations. It’s been a turbulent time in the financial sector over the last year or two, with rising […]

After the initial sound and the fury from the politicians and newspapers following the Autumn Statement, more careful analysis is now emerging on the potential long as well as short term impacts. But what will it mean for anyone approaching or in retirement? Having forecast major announcements around pensions reform in the King’s Speech, the […]