Retirement income

Pension pots under increased pressure as life expectancy shoots up

A new study predicts life expectancy will overshoot current official projections for 2030, putting savers in an ever more difficult quandary over how best to fund retirement. Women's anticipated life span will increase to 87.6 years and men's to 85.7 years for people living in England and Wales in 15 years' time, according to research by Imperial College London.

RP Breakfast Briefing: Sustainability of income explained

Speaking a the third Retirement Planner breakfast briefing, in association with Prudential, senior pensions business development manager Stan Russell shared his insights into sustainability...

Standard annuity rates at lowest ever levels as enhanced sales rise

The number of enhanced annuity contracts sold to retirees increased to 35% in the last quarter while standard rates have fallen to their lowest...

RP Inquiry: Pensions freedom and the retirement revolution

Pensions freedom and choice – the biggest shake-up in retirement planning for decades – came into force on Easter Monday, 6 April. The following days...

Initial reactions: Get the inside track on pensions freedom

Retirement Planner and Professional Adviser are proud to present the latest Scottish Widows Retirement hub debate focusing on pensions freedom and choice. When pensions freedom...

Annuity resale plans ‘misunderstood’ as advice firm fields hundreds of requests

The public has misunderstood the message on annuity resale plans outlined in the Budget 2015, Portal Financial has said. The financial advice firm...

Friends Life FOS complaint dismissed despite ‘decade of annuity delays’

The Financial Ombudsman Service (FOS) has dismissed a complaint against provider Friends Life despite the firm...

RP Breakfast Briefing: ‘Pensions freedom will be a minefield’

Prudential's Stan Russell discusses the fresh set of risks advisers face in light of pensions freedom and choice Speaking...

Older people abandon retirement dreams provide ‘living inheritance’

Many older people are giving handouts to younger generations now rather than delaying until they die, and some are sacrificing their own retirement dreams along the way, new research reveals. Some 53 per cent of retirees said they had not realised at least one of their hopes for retirement, with living abroad, extensive travel, learning a foreign language, starting a business, buying a car and playing more sport among the dreams being jettisoned.

‘Squeezed middle aged’ face tough choices under pensions freedom

Having been involved with some of the consultation processes around pensions over recent years, I have nothing but admiration for many of the reforms...
 

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Neil MacGillivray: The tax quirks of jointly held investments between spouses

Last month, I looked at how married couples and civil partners could consider transferring investments from one party to the other to maximise unused...