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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 ...

20 Sep 2017 Four in five expect to need residential social care

Four in five people expect to need residential social care in their old age, and they have a good idea about how much that would cost, according to new research from Aegon. Most people also have realistic expectations in terms of how long older people typically spend in residential care...

13 Sep 2017 FCA plans to bring back retirement interest-only mortgages

The Financial Conduct Authority (FCA) is considering relaxing the rules around mortgage lending to bring back retirement interest-only mortgages. In a consultation paper, the regulator explained: “Work for our forthcoming Occasional Paper on the Ageing Population has identified a regu...

06 Sep 2017 Cash Isas losing their appeal, with investments down £20bn

People are saving less money in cash Individual Savings Accounts (Isas), as low interest rates and tax changes make them a less attractive option. Figures from HMRC show that the amount saved has dropped by a third in just one year. In the 2015-16 financial year, cash Isa holder...

31 Aug 2017 UK adults lower their inheritance expectations

Working age adults in the UK are lowering their expectations around inheritance when planning their financial futures, according to new research. The survey included 1,000 adults aged under 45 and 1,000 adults of pensionable age (65+), revealing that 69% of working age adults are not co...

23 Aug 2017 Pension cold calling to be banned

A ban on all forms of pension cold calling, including emails and text messages, has been announced by the UK Government to help protect private pension savers from fraudsters. The move has been welcomed by Citizens Advice, whose own research found that as many as 10.9 million people rec...

16 Aug 2017 Private pensions boost retirement income by £10,000 a year

Pensioners´ incomes have risen dramatically over the past 40 years because growing numbers of people have been investing in private and workplace pensions. In 1977, only 45% of retired households received income from private pensions (including workplace pensions, individual perso...

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