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06 Dec 2017 Over-50s renters not saving enough to cover rent in retirement

Growing numbers of people are renting in retirement, but not everyone who is currently, or will be, living in rented accommodation is prepared for this extra cost in later life. Research from Scottish Widows shows that renters aged 50 plus need to save more than £6,000 extra each year,...

29 Nov 2017 Over-50s underestimate life expectancy by up to eight years

Eight out of ten people (78%) over the age of 50 are significantly underestimating how long they are likely to live, according to research by Retirement Advantage. The company warned that many people could be left without sufficient income if they underestimate their years in retirement...

15 Nov 2017 Two fifths of over-50s will seek professional advice for retirement planning

A growing number of over-50s in the UK plan to discuss their retirement finance options with a professional financial adviser. New research from Retirement Advantage revealed that two fifths (42%) plan to speak to a financial adviser, up from 38% last year. The internet is anoth...

08 Nov 2017 Divorced women missing out on pension savings

Women in the UK are losing out on £5bn every year because seven in 10 couples don´t consider pensions during divorce proceedings, according to new research from Scottish Widows. What´s more, even when pensions are discussed during a divorce settlement, women are still missi...

01 Nov 2017 Half of the over-50s plan to stay in work

New research has found that half of the over-50s in the UK plan to keep working after they reach state pension age. The survey for Retirement Advantage revealed that 49% want to continue working in some form after reaching retirement. Of these, 43% plan to switch to part-time work, whil...

25 Oct 2017 Millions don´t pay into a pension, FCA survey reveals

Millions of people in the UK are not saving enough for their retirement, according to the Financial Conduct Authority (FCA). For many people, the state pension will not be enough to maintain living standards. Yet the FCA´s Financial Lives Survey 2017 revealed that around 15 millio...

18 Oct 2017 Talk about inheritance with your children, says Saga Money

New research suggests that over-50s are cutting back on essential living costs so that they can build an inheritance pot for their loved ones. Saga Money has urged families to talk about inheritance after its survey found that while retired people want to save to pass on an inheritance,...

11 Oct 2017 Savers who transfer pensions often get unsuitable advice, FCA finds

Pension savers who seek financial advice on transferring out of a “final salary” scheme are often given unsuitable recommendations, according to an investigation by the Financial Conduct Authority (FCA). With growing numbers of people abandoning defined benefit (DB) schemes, the reg...

04 Oct 2017 Retirees willing to take financial risk, survey shows

The over-50s are increasingly prepared to take a degree of financial risk in order to grow their pension pot, according to new research by retirement specialists Retirement Advantage. A survey of 1,005 over-50s who are yet to retire, and who have private or defined contribution pensions...

27 Sep 2017 More people seeking advice over pension transfer options

Savers are increasingly looking for financial advice about pension transfers, following the introduction of pension freedoms in 2015. According to new research from Aegon, three quarters (76%) of financial advisers expect an increase in clients in the coming year, and more than half of ...

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