Women aged over 50 are heading for retirement with pensions HALF the size of men’s average £82,000 pots Women aged 50-plus have around £43,000 in private pensions on average Men have around £82,000, and also have higher cash savings How do you plug the gap? Read a guide to sorting out your pension below By … Read more
More than 100,000 retirees could be losing out on thousands of pounds every year because they have not been told they can now claim a state pension. State pension rules mean that those who do not qualify for the benefit when they reach retirement age could still later be entitled — but the Government is … Read more
Millions of savers could face poorer retirement than hoped for due to flawed projections of how much their pension pot might be worth at retirement By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Millions of savers could face a poorer retirement than … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
Planning for retirement is an important financial goal for most savers. Yet the complexity of pensions means that many remain uncertain about their options. In recent years, we have seen a welcome focus on simplifying pensions and giving savers control over their money. The app PensionBee has been creating a splash after it was valued … Read more
‘Unclaimed winning lottery tickets’: Steve Webb has helped three more women get huge state pension payouts from the Government Around 5,000 women on tiny state pensions of £1 a week could be due backpayments worth tens of thousands of pounds, former Pensions Minister Steve Webb has revealed. This small group of women might be ‘sitting … Read more
Victims of mis-sold pensions are being advised they might be better off making a claim themselves rather than going through a third party. New figures reveal that DIY claims stand a good chance of success – saving thousands of pounds in commission that might have otherwise gone to claim management companies or law firms acting … Read more
Can I take a 25% lump sum from my final salary pension and leave the rest where it is? Steve Webb replies By Steve Webb for This Is Money Published: 07:51 BST, 29 March 2021 | Updated: 07:51 BST, 29 March 2021 I’m 57 and have a final salary pension. I want to know whether … Read more
Will we ever retire? 2.6m people over 50 think they will now have to continue working ‘indefinitely’ as a result of the pandemic 1.45m people over 50 also say they will now have to delay their retirement But, some over 50s have benefited from pandemic and plan to retire early Boss of L&G Retail Retirement says … Read more