Results from government research, which were published last week, have revealed that those employees who retire ten years before the current retirement age could be losing as much as a third of their pension pot. Continue reading
Category Archives: Retirement Planning
Auto-Escalation Will Help Pensions
The Pensions Minister has this weak suggested that to date, despite previous concerns being raised, auto-enrolment has gone “stunningly well”. However, he has added that further measures could be introduced to help employees save for a comfortable retirement. Continue reading
Pension Savings Increase
A recently published report has suggested that pension saving levels are at their highest point since 2009, with auto-enrolment being cited as one reason behind the increase in pension savings. Continue reading
Pension Reform Measures Announced
During the Queen’s Speech earlier this week, proposals to reform the pension system were introduced, in an attempt to halt the decline in retirement saving. Continue reading
Auto-Enrolment Concerns Continue for Business Owners
Data published at the end of last month has revealed that only 15 percent of business owners who employ between 50 and 250 employees are confident of their ability to deliver a pension for their staff. Continue reading
Final Pension Schemes Face Levy Increase
Under proposals announced earlier this week, roughly a quarter of employers running final salary pension schemes could face a significant increase in the annual levy they pay into the pension lifeboat fund. Continue reading
Few Saving Adequately for Retirement
Findings published following a recent survey have suggested that many working adults within the UK may need to lower their expectations in relation to their retirement income; after it was found few are saving enough to achieve the retirement income they want. Continue reading
Older Workers to Benefit from Auto-Enrolment
A report recently compiled by the Pensions Policy Institute has suggested that as many as 95 percent of “older” workers are likely to receive good value on their pension contributions, if after they have been auto-enrolled they remain within their workplace pension scheme. Continue reading
Comfortable Retirement Income Figure Revealed
Figures published within a report which was published recently, has revealed that those planning for retirement should look to plan for a retirement income of £15,000 per year. Continue reading
Changes to State Pension to be Introduced
This week it has been announced that the Pensions Bill has been passed into law, which will make the state pension easier to understand, whilst bringing a simple, single flat rate pension “a step closer”. Continue reading