Retirement Savings Falling Short

When it comes to retirement, we all have plans on how we would like to spend our time, from taking more holidays and spending more time with family, through to engaging in a new hobby. However, a recent survey has suggested that many of us are falling short of what we need to save for a comfortable retirement. Continue reading

Proposed Changes to Pensions Outlined

As recent figures suggest that the average annual income falls by two thirds during retirement, and that the average person retires with an annual income roughly less than a quarter of the national minimum wage; recent proposals have called on the government to remove the tax relief regime on pension contributions. Continue reading

Businesses Unsure of Auto-Enrolment Obligations

Earlier this month, it was suggested that roughly half of all small and medium sized businesses are not prepared for the introduction of auto-enrolment. Now, additional research has suggested that as many as one in four business owners within the UK are unaware of their obligations in regards to auto-enrolment. Continue reading

Individuals Not Saving for Retirement

It has been suggested that as many as one in seven individuals will retire with no other pension or retirement savings, other than the basic state pension; with women reportedly three times less likely to have alternative savings for retirement – raising fears that many reaching retirement will end up in poverty. Continue reading