Older people are less prepared for retirement shocks such as ill-health, relationship woes or urgent financial support needs from their wider family, according to new research.
The majority (60%) of UK adults are not confident they’ll have enough money to live comfortably in retirement, according to a new study.
Chancellor Rachel Reeves is considering cutting the lump sum savers can remove from their pension without having to pay tax, according to reports.
Two in five British women (37%) have never reviewed their pension forecast, according to new research.
Six in ten millennials (59%) reckon their current life stage means they struggle to save for retirement, with only one in five (20%) saying paying into their pension is a priority.
There's an urgent need for better at-retirement support, according to former pensions minister Steve Webb, who has called on the FCA to speed up its advice/guidance review.
The latest FCA retirement income data for 2023/24 has revealed a 20% rise in the number of pension plans accessed for the first time between April 2023 and March 2024.
Nearly half (49%) of workers aged 50 or older want to phase into retirement (32%) or have already done so (17%), according to a new survey.
Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.
Britons are woefully unprepared for retirement, with half saying they do not feel confident they will have financial freedom when they stop work.
Financial Planners play a unique role in the lives of their clients. For clients losing their planner, at some point due to retirement or exit, can be a challenging, unsettling time.
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