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Wealth Management News

News in February 2018
28 Feb 2018 Divorced retirees have lower retirement income

People who get divorced tend to have a lower income in retirement and are more likely to retire in debt and without private pension savings, according to research from Prudential. Among the ‘Class of 2018´ — those who plan to retire this year — the expected annual retirement i...

21 Feb 2018 Could a ´care pension´ help people insure against long-term care costs?

A ‘care pension´ could be one solution to help people cover the cost of their care needs in later life, according to a former pensions minister. Steve Webb, who is now director of policy at mutual insurer Royal London, said that resolving the issue of funding long-term care is bec...

14 Feb 2018 Pension savings gap widens with age

The gender pay gap, coupled with time spent out of employment to raise children and act as caregivers, means that women tend to build up much smaller pension pots than men. According to research by Aegon, by the time women reach the age of 50 they have on average only half the pension sav...

07 Feb 2018 Pension freedom withdrawals up in 2017

Growing numbers of savers are taking cash from their pensions using the pension freedom rules. Since April 2015, pension savers aged 55 and over have been able to access their defined contribution pension savings as they wish, subject to their marginal rate of income tax. HMRC&acut...

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