The war in the Middle East may be putting a few extra pence every day on a litre of fuel, and be keeping business and political leaders awake at night… but one corner of the retirement income sector looks set to benefit. So what does it mean for current and future retirees? Some experts are […]

Financial experts are advising higher earners to move quickly to use their self-assessment tax return to claim back up to four years’ worth unpaid tax relief on pension contributions. It is estimated that millions of higher-rate taxpayers may be missing out on reclaiming valuable pension tax relief — with £1.3bn left unclaimed over five years. […]

  Renting your home in retirement is on the rise… currently 6% of over 65s live in private rented accommodation and this figure is expected to spiral to around 17% by 2040. If this on your agenda, what might this mean for your outgoings? While homeownership is the preferred route for most people in retirement, […]

Those currently in receipt of a State Pension will be pleased at the news that the Triple Lock will see their pension payments rise by 4.8% as from April. But for how much longer will the Lock… and indeed, the State Pension in its current form, exist? The State Pension may well be the bedrock […]

The Government claims that millions of workers could see their pensions “increase by up to 60%” as new regulations for “Collective Defined Contribution” (CDC) schemes are set to be laid. But is this realistic? And what are CDCs… and what are the potential advantages and drawbacks? Towards the end of October, the Government issued an […]

A new report has revealed the real spending patterns of UK retirees for the first time… and why that can put sometimes pressure on their savings. The median UK retiree household income is £35,000 and retirees are currently spending an average of around £22,000 a year. The “Bank of Granddad and Grandma” also includes gifting […]

New research shows that just 34% of people are aware of a tax benefit that could save them thousands… and that figure drops to just 25% among those aged 55 and over New research from Hargreaves Lansdowne, using data taken from a survey of 2,000 people, has shown that only 34% of adults in the […]

Analysis of data released by the Government has highlighted the alarming difference in savings between men and women heading towards retirement – and just how long, on average, these savings will last. The warning comes from interactive investor who say that, according to their analysis of DWP figures, women could run out of money after […]

New research from the University of Bath has shown the impact being felt because of the ongoing rise in the State Pension Age – with older workers delaying retirement while younger workers are “holding onto unrealistic early retirement hopes”. Researchers say that some workers could find themselves inadequately prepared for retirement because they are failing […]

A new survey shows that over half of people heading towards retirement still do not have a full grasp of the range of options available in the years ahead. The survey of 1,500 people carried out by Opinium on behalf of HL discovered that –worryingly – less than two fifths of people (39%) of people believe […]