8 in 10 savers support pensions overhaul
- Thursday, 30 May 2024
- Articles
![Phoenix Group surveyed 3,014 UK adults in February,](/media/k2/items/cache/8acfa691a3312753b88f9cfa1ec4d485_Generic.jpg)
Eight in ten (83%) of UK adults would support a government review to see whether the current pension system is delivering adequate retirement income, according to a new report.
Read more...1 in 2 adults expect to work to State Pension age
- Friday, 05 April 2024
- Articles
![Many do not expect the State Pension to survive](/media/k2/items/cache/53b02c13367784367a1cd2e2dbc8d28e_Generic.jpg)
Half of adults expect to work to at least the State Pension age, currently 66, but half of under 50s believe there probably will no longer be a State Pension by the time they retire, according to a think tank’s research.
Read more...Phoenix reserves £70m for Consumer Duty costs
- Friday, 22 March 2024
- Articles
![Phoenix CEO Andy Briggs](/media/k2/items/cache/3dd25c8f464be22440963eae0f8b42e6_Generic.jpg)
Phoenix Group, owner of Standard Life and Sun Life, has reserved £70m for the potential impact of Consumer Duty legacy product costs, it revealed in its annual results today.
Read more...Retirement age may need to rise by 8 years
- Wednesday, 17 January 2024
- Articles
![Phoenix brand mark](/media/k2/items/cache/1f1c40bbea047aa80ddc5b7ea4bcdfcd_Generic.jpg)
The World Economic Foundation has projected that average retirement ages in OECD countries, including the UK, will need to increase by an estimated 8.4 years by 2050 to maintain the current balance between working-age and non-working-age populations.
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