BLOGS & RESOURCES

Financial Blog

Whether you're looking for retirement tips or want to keep up to date with the latest industry insights, you can find what you need in our blog.

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September 2, 2024
|
Retirement Planning

Retirement Planning Explained: Your Future, Your Way

Retirement planning might seem daunting, but it’s quite simple at its core: it's all about preparing for the lifestyle you want.
Read More >
June 28, 2024
|
Industry Insights

Guaranteed income most important for savers in retirement

Almost half (40 per cent) of people said guaranteed income was most important to them when they thought about retirement.
Read More >
June 19, 2024
|
Retirement Planning

Preparing for retirement: a financial planner’s guide

Our latest guide covers everything you need to know to prepare for retirement, breaking down the process into 7 easy steps.
Read More >
April 15, 2024
|
Retirement Planning

How to Track Down and Reclaim Your Lost Pensions

In the UK, there are billions of pounds sitting in unclaimed pensions, waiting for their rightful owners to come forward.
Read More >
April 11, 2024
|
Retirement Planning

The Pros and Cons of Pension Consolidation: Is It Right for You?

The advantages and disadvantages of pension consolidation, along with essential factors to consider before making a decision.
Read More >
March 22, 2024
|
Industry Insights

More than £50bn of pension savings ‘at risk of being left behind’

The research suggested that at least 4.8 million pension pots were considered to be ‘lost’ among the UK population in 2023.
Read More >
February 5, 2024
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Industry Insights

Mid-lifers facing uphill challenge to save for comfortable retirement

A savings pot of around £530k in today’s money terms is needed for a comfortable retirement, and that’s on top of state pension income.
Read More >
September 25, 2023
|
Retirement Planning

Annuities Explained: Guaranteed Income For Life

An annuity offers a guaranteed income for the rest of your life in retirement, regardless of how long you live or how the stock market performs.
Read More >
July 28, 2023
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Industry Insights

Pensions Regulator calls for schemes to offer members midlife MoTs

“That planning should start sooner rather than later. Taking the midlife MoT should be seen as an essential part of the pensions journey.”
Read More >
July 25, 2023
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Industry Insights

Nearly a quarter of savers unaware of option to combine pension pots

The research found that 91% of people have held more than one job in their careers, but 80% have never combined their pension pots.
Read More >
July 24, 2023
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Industry Insights

Annuity rates increase by 20% year on year

Annuity rates increased by 20 per cent in the 12 months to June 2023, adding over £25,000 to lifetime income, Standard Life has found.
Read More >
July 14, 2023
|
Retirement Planning

Pension Consolidation: 4 Common Questions Answered

Consolidating your pensions can offer benefits such as reduced administration, potential cost savings, and improved investment performance alignment.
Read More >
March 15, 2023
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Industry Insights

Plans to scrap lifetime allowance among raft of pension changes in Budget

Chancellor Jeremy Hunt has confirmed plans to abolish the lifetime allowance, whilst the annual allowance will be increased from £40,000 to £60,000.
Read More >
March 7, 2023
|
Client Stories

Real Retirement: What our clients are up to

This week a couple of our clients have shared photos of themselves enjoying retirement.
Read More >
February 10, 2023
|
Investments

How Does Inflation Work?

Inflation is an economic phenomenon that affects the purchasing power of money.
Read More >
February 10, 2023
|
Estate Planning

What is Inheritance Tax?

Inheritance tax is a tax levied on the transfer of property or wealth from one person to another upon death.
Read More >
|
Retirement Planning

Understanding Your Retirement Options

To help you make a more informed choice when it comes to your retirement – or at least to get an idea of the options you have available to you...
Read More >
|
Retirement Planning

How does the State Pension work?

The State pension is a political hot potato, due to its inflation ‘triple lock’ ensuring that it should keep pace with inflation.
Read More >
|
Retirement Planning

What is the MPAA?

There’s a lot of technical jargon in financial services and this can be confusing for people who want to understand their retirement options.
Read More >
|
Investments

What is ESG Investing?

ESG investing considers environmental, social, and governance factors when making investment decisions.
Read More >
September 2, 2024
|
Retirement Planning

Retirement Planning Explained: Your Future, Your Way

Retirement planning might seem daunting, but it’s quite simple at its core: it's all about preparing for the lifestyle you want.
Read More >
June 19, 2024
|
Retirement Planning

Preparing for retirement: a financial planner’s guide

Our latest guide covers everything you need to know to prepare for retirement, breaking down the process into 7 easy steps.
Read More >
April 15, 2024
|
Retirement Planning

How to Track Down and Reclaim Your Lost Pensions

In the UK, there are billions of pounds sitting in unclaimed pensions, waiting for their rightful owners to come forward.
Read More >
April 11, 2024
|
Retirement Planning

The Pros and Cons of Pension Consolidation: Is It Right for You?

The advantages and disadvantages of pension consolidation, along with essential factors to consider before making a decision.
Read More >
September 25, 2023
|
Retirement Planning

Annuities Explained: Guaranteed Income For Life

An annuity offers a guaranteed income for the rest of your life in retirement, regardless of how long you live or how the stock market performs.
Read More >
July 14, 2023
|
Retirement Planning

Pension Consolidation: 4 Common Questions Answered

Consolidating your pensions can offer benefits such as reduced administration, potential cost savings, and improved investment performance alignment.
Read More >
|
Retirement Planning

Understanding Your Retirement Options

To help you make a more informed choice when it comes to your retirement – or at least to get an idea of the options you have available to you...
Read More >
|
Retirement Planning

How does the State Pension work?

The State pension is a political hot potato, due to its inflation ‘triple lock’ ensuring that it should keep pace with inflation.
Read More >
|
Retirement Planning

What is the MPAA?

There’s a lot of technical jargon in financial services and this can be confusing for people who want to understand their retirement options.
Read More >
|
Retirement Planning

Are you emotionally ready to retire?

Retirement is both financial and psychological and it is important to consider both aspects as you approach retirement.
Read More >
|
Retirement Planning

What to Expect in Retirement.

After a lifetime of working and saving, it's important to have a clear plan in place for how to make the most of your golden years.
Read More >
February 10, 2023
|
Investments

How Does Inflation Work?

Inflation is an economic phenomenon that affects the purchasing power of money.
Read More >
|
Investments

What is ESG Investing?

ESG investing considers environmental, social, and governance factors when making investment decisions.
Read More >
|
Investments

What Can I Invest In?

One of the first steps in investing is to understand the different asset classes that are available to you.
Read More >
August 30, 2024
|
Industry Insights

Delaying pension saving by five years could mean £54,000 less in retirement

Butler said that the sooner savers engage and contribute to their pension, the better their ultimate retirement outcome could be.
Read More >
August 29, 2024
|
Industry Insights

Almost four out of ten pensioners have retirement regrets

Almost four in 10 (39 per cent) pensioners have retirement regrets, research from Hargreaves Lansdown has found.
Read More >
August 28, 2024
|
Industry Insights

Future retirees less likely to leave an inheritance amid financial pressures

Future retirees are a third less likely to leave an inheritance to their loved ones than current pensioners amid financial challenges.
Read More >
August 27, 2024
|
Industry Insights

Over a third of UK adults using an ISA to save for retirement

Over a third (37%) of UK adults are using an ISA to save for their retirement, with this figure rising to 62% for those aged 55-64.
Read More >
August 9, 2024
|
Industry Insights

Third of Brits back UK-focused pension investment if it provides strong returns

When asked about other potential changes to the UK pension system, 76% of savers supported small pensions being automatically combined into one pot.
Read More >
August 8, 2024
|
Industry Insights

Over-55s increasingly worried about retirement despite their property wealth

Homeowners aged over 55 are becoming increasingly worried about their retirement income.
Read More >
August 7, 2024
|
Industry Insights

Lifetime annuity rates continue to rise, hitting over 7% for healthy 65-year-old

Lifetime annuity rates have continued to improve in 2024, rising to 7.08 per cent in June for a healthy 65-year-old.
Read More >
August 6, 2024
|
Industry Insights

Cost of pension national insurance and income tax relief rises to £70.6bn

The gross cost of pension income tax and national insurance contribution (NIC) relief rose from £68.1bn in 2021/22 to £70.6bn in 2022/23.
Read More >
August 5, 2024
|
Industry Insights

Brits with relief-at-source pensions risk tax overpayment

Over 1 in 10 (13 per cent) of Brits have a relief-at-source pension, which could put them at risk of overpaying tax if they are higher rate taxpayers.
Read More >
August 2, 2024
|
Industry Insights

Pension worries affecting a fifth of mid-lifers’ ability to do their job

Nearly half (41 per cent) of 40- to 60-year-olds were not confident that they will achieve their retirement plans.
Read More >
August 1, 2024
|
Industry Insights

Government faces balancing act amid generational clash over pension policy priorities

24 per cent of those surveyed said they wanted to see the new Labour government prioritise raising the personal allowance for state pensioners.
Read More >
July 31, 2024
|
Industry Insights

Pension confidence rises among Brits since General Election

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index.
Read More >
July 30, 2024
|
Industry Insights

Almost half of younger generation intend to work part time in retirement

Almost half (47 per cent) of those aged 18 to 24 said they intend to work part time in retirement.
Read More >
July 29, 2024
|
Industry Insights

Research shows fewer people on track for ‘minimum’ standard of retirement

The proportion of people not on track for a ‘minimum’ standard of living in retirement increased to 38 per cent over the past year.
Read More >
July 26, 2024
|
Industry Insights

Millions to delay retirement as pension savings gap widens

Most people would like to retire at the age of 62, but 54% of UK retirees expect to work longer than they would like, on average by seven years.
Read More >
July 25, 2024
|
Industry Insights

‘Stark’ disparity between intragenerational pension saving

The research revealed that today’s youngest working generation, those born between 1996 and 2012, had an average pension pot of £2,304.
Read More >
July 24, 2024
|
Industry Insights

Fresh calls for reform as inheritance tax receipts hit £2.1bn

The freeze on the nil-rate band – which is currently £325,000 — has not been changed since it was first introduced by a Labour government in 2009.
Read More >
July 23, 2024
|
Industry Insights

Concern over slow progress on state pension correction exercise

The DWP paid £66.6m in relation to the 32,769 cases involving those over 80, with an average arrears payment of £2,196.
Read More >
July 22, 2024
|
Industry Insights

Landmark pensions review launched by new Labour chancellor

This reform will unfold in two stages, targeting both immediate and long-term improvements in pension management.
Read More >
July 9, 2024
|
Industry Insights

Pensions industry sets out wish-list for new Labour government

The pensions industry is urging the new Labour government to provide further detail on the scope of its promised pensions review.
Read More >
July 8, 2024
|
Industry Insights

Hope for ‘joined-up’ pensions policy as minister appointed to DWP and Treasury

“With a combined appointment there is the opportunity for decisions on pensions to fully account for the whole pensions landscape.”
Read More >
July 5, 2024
|
Industry Insights

Stronger nudge towards pension guidance has ‘disappointingly low’ impact

The stronger nudge to pension guidance has had a “disappointingly low” impact since its introduction two years ago.
Read More >
July 4, 2024
|
Industry Insights

Half of Brits are not aware of annual charges on their pension schemes

According to the survey, just under a third (32 per cent) of Brits think they know roughly what their annual fees amount to.
Read More >
July 3, 2024
|
Industry Insights

DC pension schemes see rise in investment in assets with climate targets

The majority (86%) of DC pension schemes have set targets to reach net-zero by 2050, with 18% of these targeting 2040.
Read More >
July 2, 2024
|
Industry Insights

Almost a quarter of UK adults expect to never really retire

Nearly a quarter (24 per cent) of UK adults expect to never really retire, research from Phoenix Group has found.
Read More >
July 1, 2024
|
Industry Insights

Number of pensioners paying income tax continues to soar

There has been an increase in the number of people over state pension age paying income tax, rising by 660,000.
Read More >
June 28, 2024
|
Industry Insights

Guaranteed income most important for savers in retirement

Almost half (40 per cent) of people said guaranteed income was most important to them when they thought about retirement.
Read More >
June 27, 2024
|
Industry Insights

Most people unaware that they can contribute to someone else’s pension

Over three quarters (76%) of people are unaware you can pay into someone else’s pension, according to research by financial group Nucleus.
Read More >
June 26, 2024
|
Industry Insights

Retirement confidence falls as workers struggle with cost-of-living rises

The rising cost of living has fuelled a "sharp decline" in retirement confidence, research from insurance provider WTW has found.
Read More >
June 25, 2024
|
Industry Insights

Nearly 2.5 million people would still pay tax on state pension under triple lock plus

Nearly 2.5 million pensioners would still pay tax on their state pension after the implementation of a ‘triple lock plus’ policy.
Read More >
June 24, 2024
|
Industry Insights

Inheritance tax receipts hit £1.4 billion – and rise is predicted to continue

Inheritance tax (IHT) receipts were £1.4bn for April and May 2024, a £200m rise compared to the same period last year.
Read More >
June 21, 2024
|
Industry Insights

Majority of voters want pensions and savings review from next government

On taxes and social care, 60 per cent of respondents said they would likely vote for a party that pledged to scrap inheritance tax.
Read More >
June 20, 2024
|
Industry Insights

Growing number of workers fear they will never be able to retire

An increasing number of workers fear they will never be able to retire, research from Wealth at Work has suggested.
Read More >
June 19, 2024
|
Industry Insights

More than a quarter of UK adults don’t know how much retirement income they’ll need

More than one in four (28 per cent) UK adults are unsure about how much income they would need in retirement, research from Scottish Widows has found.
Read More >
June 18, 2024
|
Industry Insights

Call to next government to raise minimum rate of auto-enrolment contributions

The next government must prioritise increasing minimum auto-enrolment contributions to 12 per cent during the next decade.
Read More >
June 17, 2024
|
Industry Insights

Triple lock influences over-40s’ voting intentions as general election approaches

Over-40s are taking the state pension triple lock into consideration when it comes to casting their vote in the upcoming general election.
Read More >
June 14, 2024
|
Industry Insights

Call for next government to replace pension tax relief with savings bonuses

In particular, the report suggested that a bonus rate of 25 per cent could apply to all savings up to £10,000, "more than adequate for 95% of people".
Read More >
June 13, 2024
|
Industry Insights

Savers boosted pension contributions by more than 60% at start of 2024

Pension savers increased their average quarterly contributions by 63% in Q1 2024 compared to Q4 2023 as the end of the tax year drew closer.
Read More >
June 12, 2024
|
Industry Insights

Many workers nearing retirement don’t know how they will access their pension

Almost half (49 per cent) of working people approaching retirement, aged between 50 and 59, don’t know how they will access their pension savings.
Read More >
June 11, 2024
|
Industry Insights

Many younger people reluctant to engage with long-term financial planning

Younger people are increasingly reluctant to engage with long-term financial planning, research by Kantar Media has revealed.
Read More >
June 10, 2024
|
Industry Insights

Next government urged to address pension concerns with greater urgency

The IFS also argued that his is an area of some urgency, given the state pension age will rise from 66 to 67 between 2026 and 2028.
Read More >
June 7, 2024
|
Industry Insights

Majority of Brits doubtful over future levels of state pension

Nearly three quarters (71 per cent) of UK adults believe that the state pension either will not exist or will be less generous when they retire.
Read More >
June 6, 2024
|
Industry Insights

Savers hit by huge tax penalty for withdrawing large sums from pension funds

“Be sure to speak to your pension provider about your options, and we’d strongly recommend seeking advice or guidance when taking your pension.”
Read More >
June 5, 2024
|
Industry Insights

Almost half of British adults under state pension age don’t know when they’ll receive it

The research also revealed that 28 per cent of people aged between 50 and 64 admitted they didn’t know their state pension age.
Read More >
June 4, 2024
|
Industry Insights

Majority support rise in minimum AE contributions if current rate is insufficient

83% of adults agreed that the government should assess whether the current pension system enables people to achieve an adequate retirement income.
Read More >
June 3, 2024
|
Industry Insights

Pension reform pledges could be election vote-winner

45 per cent fear people will face pension poverty if the system isn't fixed, and 55 per cent are concerned about retirement costs.
Read More >
May 31, 2024
|
Industry Insights

Government urged to rethink lifetime provider model

The UK government has been urged to rethink its lifetime provider model proposal for pension savers.
Read More >
May 30, 2024
|
Industry Insights

Nearly 40% of savers at risk of losing track of their pensions

More than one fifth (22 per cent) of savers are unsure where their pensions are held, while a further 16 per cent don’t know.
Read More >
May 29, 2024
|
Industry Insights

Inheritance tax take hits £700m in April

Inheritance tax receipts are on course for another record-breaking year, with £700m collected in April alone.
Read More >
May 28, 2024
|
Industry Insights

Majority of Brits ‘dangerously underestimating’ money needed in retirement

Fewer than half (49 per cent) of respondents expected they would need a total pension pot of £250,000 or more.
Read More >
February 16, 2024
|
Client Stories

Travelling The World After Early Retirement

Graham and Janet came to see us in 2021, after deciding they wanted to review their options - now they're enjoying early retirement.
Read More >
March 7, 2023
|
Client Stories

Real Retirement: What our clients are up to

This week a couple of our clients have shared photos of themselves enjoying retirement.
Read More >
September 2, 2024
|
Retirement Planning

Retirement Planning Explained: Your Future, Your Way

Retirement planning might seem daunting, but it’s quite simple at its core: it's all about preparing for the lifestyle you want.
Read More >
August 30, 2024
|
Industry Insights

Delaying pension saving by five years could mean £54,000 less in retirement

Butler said that the sooner savers engage and contribute to their pension, the better their ultimate retirement outcome could be.
Read More >
August 29, 2024
|
Industry Insights

Almost four out of ten pensioners have retirement regrets

Almost four in 10 (39 per cent) pensioners have retirement regrets, research from Hargreaves Lansdown has found.
Read More >
August 28, 2024
|
Industry Insights

Future retirees less likely to leave an inheritance amid financial pressures

Future retirees are a third less likely to leave an inheritance to their loved ones than current pensioners amid financial challenges.
Read More >
August 27, 2024
|
Industry Insights

Over a third of UK adults using an ISA to save for retirement

Over a third (37%) of UK adults are using an ISA to save for their retirement, with this figure rising to 62% for those aged 55-64.
Read More >
August 9, 2024
|
Industry Insights

Third of Brits back UK-focused pension investment if it provides strong returns

When asked about other potential changes to the UK pension system, 76% of savers supported small pensions being automatically combined into one pot.
Read More >
August 8, 2024
|
Industry Insights

Over-55s increasingly worried about retirement despite their property wealth

Homeowners aged over 55 are becoming increasingly worried about their retirement income.
Read More >
August 7, 2024
|
Industry Insights

Lifetime annuity rates continue to rise, hitting over 7% for healthy 65-year-old

Lifetime annuity rates have continued to improve in 2024, rising to 7.08 per cent in June for a healthy 65-year-old.
Read More >
August 6, 2024
|
Industry Insights

Cost of pension national insurance and income tax relief rises to £70.6bn

The gross cost of pension income tax and national insurance contribution (NIC) relief rose from £68.1bn in 2021/22 to £70.6bn in 2022/23.
Read More >
August 5, 2024
|
Industry Insights

Brits with relief-at-source pensions risk tax overpayment

Over 1 in 10 (13 per cent) of Brits have a relief-at-source pension, which could put them at risk of overpaying tax if they are higher rate taxpayers.
Read More >
August 2, 2024
|
Industry Insights

Pension worries affecting a fifth of mid-lifers’ ability to do their job

Nearly half (41 per cent) of 40- to 60-year-olds were not confident that they will achieve their retirement plans.
Read More >
August 1, 2024
|
Industry Insights

Government faces balancing act amid generational clash over pension policy priorities

24 per cent of those surveyed said they wanted to see the new Labour government prioritise raising the personal allowance for state pensioners.
Read More >
July 31, 2024
|
Industry Insights

Pension confidence rises among Brits since General Election

Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index.
Read More >
July 30, 2024
|
Industry Insights

Almost half of younger generation intend to work part time in retirement

Almost half (47 per cent) of those aged 18 to 24 said they intend to work part time in retirement.
Read More >
July 29, 2024
|
Industry Insights

Research shows fewer people on track for ‘minimum’ standard of retirement

The proportion of people not on track for a ‘minimum’ standard of living in retirement increased to 38 per cent over the past year.
Read More >
July 26, 2024
|
Industry Insights

Millions to delay retirement as pension savings gap widens

Most people would like to retire at the age of 62, but 54% of UK retirees expect to work longer than they would like, on average by seven years.
Read More >
July 25, 2024
|
Industry Insights

‘Stark’ disparity between intragenerational pension saving

The research revealed that today’s youngest working generation, those born between 1996 and 2012, had an average pension pot of £2,304.
Read More >
July 24, 2024
|
Industry Insights

Fresh calls for reform as inheritance tax receipts hit £2.1bn

The freeze on the nil-rate band – which is currently £325,000 — has not been changed since it was first introduced by a Labour government in 2009.
Read More >
July 23, 2024
|
Industry Insights

Concern over slow progress on state pension correction exercise

The DWP paid £66.6m in relation to the 32,769 cases involving those over 80, with an average arrears payment of £2,196.
Read More >
July 22, 2024
|
Industry Insights

Landmark pensions review launched by new Labour chancellor

This reform will unfold in two stages, targeting both immediate and long-term improvements in pension management.
Read More >
July 9, 2024
|
Industry Insights

Pensions industry sets out wish-list for new Labour government

The pensions industry is urging the new Labour government to provide further detail on the scope of its promised pensions review.
Read More >
July 8, 2024
|
Industry Insights

Hope for ‘joined-up’ pensions policy as minister appointed to DWP and Treasury

“With a combined appointment there is the opportunity for decisions on pensions to fully account for the whole pensions landscape.”
Read More >
July 5, 2024
|
Industry Insights

Stronger nudge towards pension guidance has ‘disappointingly low’ impact

The stronger nudge to pension guidance has had a “disappointingly low” impact since its introduction two years ago.
Read More >
July 4, 2024
|
Industry Insights

Half of Brits are not aware of annual charges on their pension schemes

According to the survey, just under a third (32 per cent) of Brits think they know roughly what their annual fees amount to.
Read More >
July 3, 2024
|
Industry Insights

DC pension schemes see rise in investment in assets with climate targets

The majority (86%) of DC pension schemes have set targets to reach net-zero by 2050, with 18% of these targeting 2040.
Read More >
July 2, 2024
|
Industry Insights

Almost a quarter of UK adults expect to never really retire

Nearly a quarter (24 per cent) of UK adults expect to never really retire, research from Phoenix Group has found.
Read More >
July 1, 2024
|
Industry Insights

Number of pensioners paying income tax continues to soar

There has been an increase in the number of people over state pension age paying income tax, rising by 660,000.
Read More >
June 28, 2024
|
Industry Insights

Guaranteed income most important for savers in retirement

Almost half (40 per cent) of people said guaranteed income was most important to them when they thought about retirement.
Read More >
June 27, 2024
|
Industry Insights

Most people unaware that they can contribute to someone else’s pension

Over three quarters (76%) of people are unaware you can pay into someone else’s pension, according to research by financial group Nucleus.
Read More >
June 26, 2024
|
Industry Insights

Retirement confidence falls as workers struggle with cost-of-living rises

The rising cost of living has fuelled a "sharp decline" in retirement confidence, research from insurance provider WTW has found.
Read More >
June 25, 2024
|
Industry Insights

Nearly 2.5 million people would still pay tax on state pension under triple lock plus

Nearly 2.5 million pensioners would still pay tax on their state pension after the implementation of a ‘triple lock plus’ policy.
Read More >
June 24, 2024
|
Industry Insights

Inheritance tax receipts hit £1.4 billion – and rise is predicted to continue

Inheritance tax (IHT) receipts were £1.4bn for April and May 2024, a £200m rise compared to the same period last year.
Read More >
June 21, 2024
|
Industry Insights

Majority of voters want pensions and savings review from next government

On taxes and social care, 60 per cent of respondents said they would likely vote for a party that pledged to scrap inheritance tax.
Read More >
June 20, 2024
|
Industry Insights

Growing number of workers fear they will never be able to retire

An increasing number of workers fear they will never be able to retire, research from Wealth at Work has suggested.
Read More >
June 19, 2024
|
Retirement Planning

Preparing for retirement: a financial planner’s guide

Our latest guide covers everything you need to know to prepare for retirement, breaking down the process into 7 easy steps.
Read More >
June 19, 2024
|
Industry Insights

More than a quarter of UK adults don’t know how much retirement income they’ll need

More than one in four (28 per cent) UK adults are unsure about how much income they would need in retirement, research from Scottish Widows has found.
Read More >
June 18, 2024
|
Industry Insights

Call to next government to raise minimum rate of auto-enrolment contributions

The next government must prioritise increasing minimum auto-enrolment contributions to 12 per cent during the next decade.
Read More >
June 17, 2024
|
Industry Insights

Triple lock influences over-40s’ voting intentions as general election approaches

Over-40s are taking the state pension triple lock into consideration when it comes to casting their vote in the upcoming general election.
Read More >
June 14, 2024
|
Industry Insights

Call for next government to replace pension tax relief with savings bonuses

In particular, the report suggested that a bonus rate of 25 per cent could apply to all savings up to £10,000, "more than adequate for 95% of people".
Read More >
June 13, 2024
|
Industry Insights

Savers boosted pension contributions by more than 60% at start of 2024

Pension savers increased their average quarterly contributions by 63% in Q1 2024 compared to Q4 2023 as the end of the tax year drew closer.
Read More >
June 12, 2024
|
Industry Insights

Many workers nearing retirement don’t know how they will access their pension

Almost half (49 per cent) of working people approaching retirement, aged between 50 and 59, don’t know how they will access their pension savings.
Read More >
June 11, 2024
|
Industry Insights

Many younger people reluctant to engage with long-term financial planning

Younger people are increasingly reluctant to engage with long-term financial planning, research by Kantar Media has revealed.
Read More >
June 10, 2024
|
Industry Insights

Next government urged to address pension concerns with greater urgency

The IFS also argued that his is an area of some urgency, given the state pension age will rise from 66 to 67 between 2026 and 2028.
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June 7, 2024
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Industry Insights

Majority of Brits doubtful over future levels of state pension

Nearly three quarters (71 per cent) of UK adults believe that the state pension either will not exist or will be less generous when they retire.
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June 6, 2024
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Industry Insights

Savers hit by huge tax penalty for withdrawing large sums from pension funds

“Be sure to speak to your pension provider about your options, and we’d strongly recommend seeking advice or guidance when taking your pension.”
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June 5, 2024
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Industry Insights

Almost half of British adults under state pension age don’t know when they’ll receive it

The research also revealed that 28 per cent of people aged between 50 and 64 admitted they didn’t know their state pension age.
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June 4, 2024
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Industry Insights

Majority support rise in minimum AE contributions if current rate is insufficient

83% of adults agreed that the government should assess whether the current pension system enables people to achieve an adequate retirement income.
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June 3, 2024
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Industry Insights

Pension reform pledges could be election vote-winner

45 per cent fear people will face pension poverty if the system isn't fixed, and 55 per cent are concerned about retirement costs.
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May 31, 2024
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Industry Insights

Government urged to rethink lifetime provider model

The UK government has been urged to rethink its lifetime provider model proposal for pension savers.
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May 30, 2024
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Industry Insights

Nearly 40% of savers at risk of losing track of their pensions

More than one fifth (22 per cent) of savers are unsure where their pensions are held, while a further 16 per cent don’t know.
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