A new platform specifically designed for the self-employed workforce is now open and has bold aims of convincing millions of people without a pension to start saving for retirement. Raindrop will allow users to be flexible with their monthly contributions and pay into their pension either from their own account or via their limited company, … Read more
Three out of four people would like to move home and spend their retirement in a new location, research reveals. Favoured destinations, picked from a shortlist of picturesque towns across the UK, included Christchurch in Dorset and St Andrews in Fife, Scotland. Ambleside in Cumbria, Skipton in Yorkshire and Wilmslow in Cheshire also made the … Read more
Hundreds of thousands of savers face a retirement income lottery as providers are poised to put their pension pots into a hotchpotch of ‘one-size-fits-all’ investment funds. From tomorrow, over-55s who dip into their pension for the first time without getting financial advice – and who have not indicated a wish to manage their pension fund … Read more
Young people now care much more about pensions, with interest often sparked after they save a £5,000 pot, new research claims. Over the past three years, there has been a 58 per cent rise in 18 to 34-year-olds who feel confident that they will be able to afford retirement. What that requires varies according to … Read more
I am a 53 year old man who has worked since leaving school. From 1988 to 2006 I belonged to a company pension which required me to be ‘contracted out’ for 18 years. How will this affect my state pension? SCROLL DOWN TO FIND OUT HOW TO ASK STEVE YOUR PENSION QUESTION Payments reduced: How … Read more
How to split pensions fairly in a divorce: Free jargon-busting guide launched to help couples divide one of their most valuable assets Couples often focus on splitting property and savings in a divorce Divorcing women in particular can forfeit thousands of pounds if pensions are not included in a settlement A Survival Guide to Pensions … Read more
The weekly cost of staying at a care home is £848 on average but varies dramatically across the country, new research reveals. At the extremes, prices range from £1,488 a week in Islington in London to £621 in Blaenau Gwent in Wales, according to figures from insurer Legal & General. The local cost breakdown comes … Read more
Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals. An exhaustive study from the pension industry found savers were too scared to check their … Read more
Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals. An exhaustive study from the pension industry found savers were too scared to check their … Read more
Pensioner homeowners are missing out on thousands of pounds of income by failing to claim their full entitlement to state benefits. Some 42 per cent of eligible homeowners are failing to claim any benefit at all, losing out on £830 a year on average, according to a report by Just Group, a specialist in retirement products … Read more