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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December 3, 2024
|
Client Stories

Celebrating Retirement and Giving Back: Our 2025 Charity Calendar

From holidays abroad to hobbies like golf and scenic walks, the calendar captures the joys of life after work, while helping St Cuthbert's Hospice.
Read More >
November 26, 2024
|
Industry Insights

Many clients come to advisers too late for effective retirement planning

22% of clients come to financial advisers too late for effective retirement planning, as the benefits of taking early advice “cannot be overstated".
Read More >
November 22, 2024
|
Estate Planning

Reducing Inheritance Tax Liability for Farmers: What You Need to Know

Recent changes to inheritance tax (IHT) rules proposed in the October budget have sparked widespread concern among farmers across the UK.
Read More >
September 18, 2024
|
Financial Services

The Benefits of Choosing a “Small Advice Firm”: Why Our Nomination for Small Advice Firm of the Year Matters

We are thrilled to share that Wealth of Advice has been nominated for Small Advice Firm of the Year 2024, but why should this matter to you?
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 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
|
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
|
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
|
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
|
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
|
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 >
December 13, 2024
|
Industry Insights

Over-50s not planning enough for financial shocks in retirement

Less than a fifth (19 per cent) of all UK savers have fully considered getting a serious illness in their retirement plan
Read More >
December 11, 2024
|
Industry Insights

Call for DWP to put an end to delays in pension transfers

The Department for Work and Pensions’ (DWP) must put a stop to pensions transfer delays, Quilter has warned.
Read More >
December 11, 2024
|
Industry Insights

Pension challenges remain despite improved participation rates

Engagement with pension planning, guidance and advice remains low, raising concerns about how well individuals are preparing for retirement.
Read More >
December 10, 2024
|
Industry Insights

Combined tax reliefs for pensions hit £52bn in 2023/24

The estimated cost of income tax relief on registered pension schemes has also increased in cash terms from 2019/2020 to 2024/2025.
Read More >
December 9, 2024
|
Industry Insights

Clients more concerned about financial wellbeing than they were during Covid crisis

Advised clients are more concerned about their financial wellbeing now than they were during the Covid pandemic in 2021, a new study has revealed.
Read More >
December 6, 2024
|
Industry Insights

Working women underestimate how much they will rely on state pension

Working women "significantly underestimate" how much they will rely on the state pension in retirement, research from Aegon has revealed.
Read More >
December 5, 2024
|
Industry Insights

Almost a third of people are unsure how much they should save into pension

A survey of 1400 people by Opinium found varying opinions on how much was needed to pay into a pension.
Read More >
December 4, 2024
|
Industry Insights

Most financial advisers back broader reforms of auto-enrolment

"Outdated tech stacks mean some providers can’t efficiently service legacy clients and they can’t rapidly move client pension pots easily"
Read More >
December 3, 2024
|
Industry Insights

55 is peak age when retirement planning advice becomes a priority

The peak age for retirement planning becoming an advice priority is 55, a new study by St James’s Place (SJP) has revealed.
Read More >
December 2, 2024
|
Industry Insights

Report predicts end of traditional notion of retirement

The notion of a traditional retirement will be “retired” due to increasing life expectancy and financial necessity.
Read More >
November 29, 2024
|
Industry Insights

Budget prompts more young people to seek financial advice

8% of those aged between 18 and 24 are planning to access financial advice for the first time due to chancellor Rachel Reeves’ Autumn Budget.
Read More >
November 28, 2024
|
Industry Insights

Chancellor urged to consider alternatives to inheritance tax on pensions

Chancellor Rachel Reeves has been urged to consider alternatives to inheritance tax (IHT) on pensions.
Read More >
November 27, 2024
|
Industry Insights

Government fixes errors in lifetime allowance legislation 7 months after abolition

The government has corrected errors which had been embedded into legislation when the lifetime allowance was scrapped.
Read More >
November 26, 2024
|
Industry Insights

Many clients come to advisers too late for effective retirement planning

22% of clients come to financial advisers too late for effective retirement planning, as the benefits of taking early advice “cannot be overstated".
Read More >
November 25, 2024
|
Industry Insights

Demographic and economic changes set to bring greater retirement challenges

Retirees in 2034 will live for longer but will face "significant" challenges in achieving an adequate quality of life in retirement.
Read More >
November 22, 2024
|
Industry Insights

Inheritance tax receipts rise again, with Budget changes set to ‘turbo charge’ tax take

Inheritance tax receipts for the period April to October 2024 reached £5bn, £0.5bn higher than the same period last year.
Read More >
November 21, 2024
|
Industry Insights

Average retirement age for women has increased by 7 years over past decade

Gender differences in the ages at which people retire have almost disappeared, with both men and women retiring at an average age of 64 years old.
Read More >
November 20, 2024
|
Industry Insights

UK ‘job hoppers’ have £15,000 more than average in pension savings

UK ‘job hoppers’ have over £15,000 more in pension savings than the average person, research from Wealthify showed.
Read More >
November 19, 2024
|
Industry Insights

Inheritance tax changes ‘could lead to more older people getting married’

Recent changes to how pensions interact with inheritance tax could lead to more older people getting married, it has been claimed.
Read More >
November 18, 2024
|
Industry Insights

Almost one in five employees unaware of level of pension contributions

Nearly one in five employees (19 per cent) do not know how much they and their employer are contributing to their pensions.
Read More >
November 15, 2024
|
Industry Insights

UK adults’ confidence over retirement funding falls over past year

The confidence in UK adults’ ability to have enough capital during retirement has dropped since last year.
Read More >
November 14, 2024
|
Industry Insights

Gender pensions gap will take another 20 years to close, according to report

At the current rate of progress, it will take another 20 years to close the gender pensions gap, according to a new report by Scottish Widows.
Read More >
November 13, 2024
|
Industry Insights

Phased retirement risks creating income gap until state pension kicks in

Just over two fifths (42 per cent) of workers have reduced their working hours or plan to do so as they approach retirement.
Read More >
November 12, 2024
|
Industry Insights

UK retirees who opt for an annuity experience less stress

This is according to research from Legal and General and the Happiness Research Institute, an independent Danish think-tank.
Read More >
November 11, 2024
|
Industry Insights

£736m paid out by DWP to address state pension underpayments

In addition to this, £68.2m was repaid in relation to 33,437 cases involving over 80s, with an average payment of £2,202.
Read More >
November 8, 2024
|
Industry Insights

Almost half of Brits are concerned about inheritance tax pension change

Nearly half (47 per cent) of Brits have expressed concern about the government's plans to bring pensions into the scope of inheritance tax.
Read More >
November 7, 2024
|
Industry Insights

Almost one-fifth of Brits have sleepless night over retirement worries

Nearly one-fifth (19 per cent) of Brits have spent sleepless nights worrying about their retirement planning, research from Standard Life has revealed
Read More >
November 6, 2024
|
Industry Insights

Rise in renting in retirement ‘poses threat’ to UK pensions system

The increase in private renting poses a threat to the future of the UK’s pensions system and savers’ retirement outcomes.
Read More >
November 5, 2024
|
Industry Insights

Not having children could double size of pension pot at retirement

Not having children could double the value of a saver’s pension pot, analysis from Standard Life has revealed.
Read More >
November 4, 2024
|
Industry Insights

Inheritance tax pension changes could be ‘bureaucratic nightmare for grieving families’

The Chancellor announced plans to remove the concession for pension pots to be passed on to anyone free of inheritance tax as part of her budget.
Read More >
October 25, 2024
|
Industry Insights

Total value of ‘lost pension pots estimated at £31.1bn

The total value of ‘lost’ pension pots is now estimated to be £31.1bn – a rise of £4.5bn from £26.6bn in 2022.
Read More >
October 24, 2024
|
Industry Insights

Generation of renters face ‘ticking time bomb’ in retirement

As a result, the proportion of people aged 65 and over living in the private rented sector is predicted to double to 13 per cent by 2040.
Read More >
October 23, 2024
|
Industry Insights

Majority of UK retirees believe retiring in your 60s will become ‘a thing of the past’

More than two thirds (69 per cent) of UK adults believe retiring in your 60s will become a ‘thing of the past’, according to a survey from Canada Life
Read More >
October 22, 2024
|
Industry Insights

Engagement with pensions rises despite only 13% receiving advice in past year

Despite over 6 in 10 finding pensions confusing, this has not stopped pension activity and engagement increasing.
Read More >
October 21, 2024
|
Industry Insights

Almost a third of UK retirees consider return to work as cost of living rises

Nearly three in 10 (29 per cent) UK retirees are considering returning to work to cope with rising living costs, according to research by Indeed Flex.
Read More >
October 18, 2024
|
Industry Insights

Brits’ confidence in retirement prospects falls ahead of Budget

Despite the overall decline, confidence amongst under-55s has increased for the first time, rising from 45% in June 2024 to 49% in September 2024.
Read More >
October 17, 2024
|
Industry Insights

Demand for targeted support among those approaching retirement

Almost two thirds (64%) of those approaching retirement (aged 50-59)find targeted support strategies “appealing”.
Read More >
October 16, 2024
|
Industry Insights

State pension set to rise by 4.1% in April 2025

The state pension is set to rise by 4.1% in April 2025 – more than double the September inflation rate of 1.7% announced today.
Read More >
October 15, 2024
|
Industry Insights

Warning of ‘chasm’ between expectations and reality of retirement

While 53% of Gen X savers were confident they'd have a comfortable retirement, only 12% had clear financial goals and a budget for retirement.
Read More >
October 14, 2024
|
Industry Insights

Call for focus on flexible pension saving in future auto-enrolment reforms

Future auto-enrolment reforms should focus on flexible pension saving to reflect the different challenges that low, middle and higher earners face.
Read More >
October 11, 2024
|
Industry Insights

Government urged to set up National Lifetime Savings Plan

The government has been urged to create a new National Lifetime Savings Plan (NLSP) to help improve financial resilience.
Read More >
October 10, 2024
|
Industry Insights

Survey highlights savers’ regrets over not doing more to boost retirement funds

“It's not just about knowing the terms, but really feeling confident in making decisions that affect our financial well-being."
Read More >
October 9, 2024
|
Industry Insights

Many adults in UK ‘woefully unprepared’ for retirement

Adults in the UK are facing a financial planning ‘black hole’ and are “woefully unprepared” for retirement and legacy planning.
Read More >
October 8, 2024
|
Industry Insights

Pension fund returns surpassing expectation for UK savers

“These results demonstrate the importance of long-term planning and investment in pension funds,” commented PensionBee’s chief engagement officer.
Read More >
October 7, 2024
|
Industry Insights

Government reportedly scraps plan for flat rate of pension tax relief

The government has allegedly dropped its plans for the introduction of a flat rate of pension tax relief due to concerns about the impact.
Read More >
September 27, 2024
|
Industry Insights

Women face 90-year wait for gender pension gap to close

It will take 90 years for the gender pension gap to close from 2024, despite the gap recently reaching its lowest-ever rate.
Read More >
September 26, 2024
|
Industry Insights

Defined benefit schemes’ running costs rise by average of 37% over past year

Beyond increasing costs, almost all (99 per cent) trustees said they had found the pace of new regulations a major challenge in the past year.
Read More >
September 23, 2024
|
Industry Insights

Pension ‘jargon’ is barrier to retirement planning for many people

73% of retirees do not fully understand key pension terms such as 'annuity', with pension jargon seen as a “barrier” to pension planning.
Read More >
September 13, 2024
|
Industry Insights

Call for government action to help self-employed better prepare for retirement

The government has been urged to take action to help self-employed workers better prepare for retirement.
Read More >
September 13, 2024
|
Industry Insights

Combining pensions pots could boost retirement savings by thousands

Savers could boost their pension pot by “thousands” of pounds by switching away from multiple pension pots.
Read More >
December 3, 2024
|
Client Stories

Celebrating Retirement and Giving Back: Our 2025 Charity Calendar

From holidays abroad to hobbies like golf and scenic walks, the calendar captures the joys of life after work, while helping St Cuthbert's Hospice.
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 >
December 13, 2024
|
Industry Insights

Over-50s not planning enough for financial shocks in retirement

Less than a fifth (19 per cent) of all UK savers have fully considered getting a serious illness in their retirement plan
Read More >
December 11, 2024
|
Industry Insights

Call for DWP to put an end to delays in pension transfers

The Department for Work and Pensions’ (DWP) must put a stop to pensions transfer delays, Quilter has warned.
Read More >
December 11, 2024
|
Industry Insights

Pension challenges remain despite improved participation rates

Engagement with pension planning, guidance and advice remains low, raising concerns about how well individuals are preparing for retirement.
Read More >
December 10, 2024
|
Industry Insights

Combined tax reliefs for pensions hit £52bn in 2023/24

The estimated cost of income tax relief on registered pension schemes has also increased in cash terms from 2019/2020 to 2024/2025.
Read More >
December 9, 2024
|
Industry Insights

Clients more concerned about financial wellbeing than they were during Covid crisis

Advised clients are more concerned about their financial wellbeing now than they were during the Covid pandemic in 2021, a new study has revealed.
Read More >
December 6, 2024
|
Industry Insights

Working women underestimate how much they will rely on state pension

Working women "significantly underestimate" how much they will rely on the state pension in retirement, research from Aegon has revealed.
Read More >
December 5, 2024
|
Industry Insights

Almost a third of people are unsure how much they should save into pension

A survey of 1400 people by Opinium found varying opinions on how much was needed to pay into a pension.
Read More >
December 4, 2024
|
Industry Insights

Most financial advisers back broader reforms of auto-enrolment

"Outdated tech stacks mean some providers can’t efficiently service legacy clients and they can’t rapidly move client pension pots easily"
Read More >
December 3, 2024
|
Industry Insights

55 is peak age when retirement planning advice becomes a priority

The peak age for retirement planning becoming an advice priority is 55, a new study by St James’s Place (SJP) has revealed.
Read More >
December 3, 2024
|
Client Stories

Celebrating Retirement and Giving Back: Our 2025 Charity Calendar

From holidays abroad to hobbies like golf and scenic walks, the calendar captures the joys of life after work, while helping St Cuthbert's Hospice.
Read More >
December 2, 2024
|
Industry Insights

Report predicts end of traditional notion of retirement

The notion of a traditional retirement will be “retired” due to increasing life expectancy and financial necessity.
Read More >
November 29, 2024
|
Industry Insights

Budget prompts more young people to seek financial advice

8% of those aged between 18 and 24 are planning to access financial advice for the first time due to chancellor Rachel Reeves’ Autumn Budget.
Read More >
November 28, 2024
|
Industry Insights

Chancellor urged to consider alternatives to inheritance tax on pensions

Chancellor Rachel Reeves has been urged to consider alternatives to inheritance tax (IHT) on pensions.
Read More >
November 27, 2024
|
Industry Insights

Government fixes errors in lifetime allowance legislation 7 months after abolition

The government has corrected errors which had been embedded into legislation when the lifetime allowance was scrapped.
Read More >
November 26, 2024
|
Industry Insights

Many clients come to advisers too late for effective retirement planning

22% of clients come to financial advisers too late for effective retirement planning, as the benefits of taking early advice “cannot be overstated".
Read More >
November 25, 2024
|
Industry Insights

Demographic and economic changes set to bring greater retirement challenges

Retirees in 2034 will live for longer but will face "significant" challenges in achieving an adequate quality of life in retirement.
Read More >
November 22, 2024
|
Estate Planning

Reducing Inheritance Tax Liability for Farmers: What You Need to Know

Recent changes to inheritance tax (IHT) rules proposed in the October budget have sparked widespread concern among farmers across the UK.
Read More >
November 22, 2024
|
Industry Insights

Inheritance tax receipts rise again, with Budget changes set to ‘turbo charge’ tax take

Inheritance tax receipts for the period April to October 2024 reached £5bn, £0.5bn higher than the same period last year.
Read More >
November 21, 2024
|
Industry Insights

Average retirement age for women has increased by 7 years over past decade

Gender differences in the ages at which people retire have almost disappeared, with both men and women retiring at an average age of 64 years old.
Read More >
November 20, 2024
|
Industry Insights

UK ‘job hoppers’ have £15,000 more than average in pension savings

UK ‘job hoppers’ have over £15,000 more in pension savings than the average person, research from Wealthify showed.
Read More >
November 19, 2024
|
Industry Insights

Inheritance tax changes ‘could lead to more older people getting married’

Recent changes to how pensions interact with inheritance tax could lead to more older people getting married, it has been claimed.
Read More >
November 18, 2024
|
Industry Insights

Almost one in five employees unaware of level of pension contributions

Nearly one in five employees (19 per cent) do not know how much they and their employer are contributing to their pensions.
Read More >
November 15, 2024
|
Industry Insights

UK adults’ confidence over retirement funding falls over past year

The confidence in UK adults’ ability to have enough capital during retirement has dropped since last year.
Read More >
November 14, 2024
|
Industry Insights

Gender pensions gap will take another 20 years to close, according to report

At the current rate of progress, it will take another 20 years to close the gender pensions gap, according to a new report by Scottish Widows.
Read More >
November 13, 2024
|
Industry Insights

Phased retirement risks creating income gap until state pension kicks in

Just over two fifths (42 per cent) of workers have reduced their working hours or plan to do so as they approach retirement.
Read More >
November 12, 2024
|
Industry Insights

UK retirees who opt for an annuity experience less stress

This is according to research from Legal and General and the Happiness Research Institute, an independent Danish think-tank.
Read More >
November 11, 2024
|
Industry Insights

£736m paid out by DWP to address state pension underpayments

In addition to this, £68.2m was repaid in relation to 33,437 cases involving over 80s, with an average payment of £2,202.
Read More >
November 8, 2024
|
Industry Insights

Almost half of Brits are concerned about inheritance tax pension change

Nearly half (47 per cent) of Brits have expressed concern about the government's plans to bring pensions into the scope of inheritance tax.
Read More >
November 7, 2024
|
Industry Insights

Almost one-fifth of Brits have sleepless night over retirement worries

Nearly one-fifth (19 per cent) of Brits have spent sleepless nights worrying about their retirement planning, research from Standard Life has revealed
Read More >
November 6, 2024
|
Industry Insights

Rise in renting in retirement ‘poses threat’ to UK pensions system

The increase in private renting poses a threat to the future of the UK’s pensions system and savers’ retirement outcomes.
Read More >
November 5, 2024
|
Industry Insights

Not having children could double size of pension pot at retirement

Not having children could double the value of a saver’s pension pot, analysis from Standard Life has revealed.
Read More >
November 4, 2024
|
Industry Insights

Inheritance tax pension changes could be ‘bureaucratic nightmare for grieving families’

The Chancellor announced plans to remove the concession for pension pots to be passed on to anyone free of inheritance tax as part of her budget.
Read More >
October 25, 2024
|
Industry Insights

Total value of ‘lost pension pots estimated at £31.1bn

The total value of ‘lost’ pension pots is now estimated to be £31.1bn – a rise of £4.5bn from £26.6bn in 2022.
Read More >
October 24, 2024
|
Industry Insights

Generation of renters face ‘ticking time bomb’ in retirement

As a result, the proportion of people aged 65 and over living in the private rented sector is predicted to double to 13 per cent by 2040.
Read More >
October 23, 2024
|
Industry Insights

Majority of UK retirees believe retiring in your 60s will become ‘a thing of the past’

More than two thirds (69 per cent) of UK adults believe retiring in your 60s will become a ‘thing of the past’, according to a survey from Canada Life
Read More >
October 22, 2024
|
Industry Insights

Engagement with pensions rises despite only 13% receiving advice in past year

Despite over 6 in 10 finding pensions confusing, this has not stopped pension activity and engagement increasing.
Read More >
October 21, 2024
|
Industry Insights

Almost a third of UK retirees consider return to work as cost of living rises

Nearly three in 10 (29 per cent) UK retirees are considering returning to work to cope with rising living costs, according to research by Indeed Flex.
Read More >
October 18, 2024
|
Industry Insights

Brits’ confidence in retirement prospects falls ahead of Budget

Despite the overall decline, confidence amongst under-55s has increased for the first time, rising from 45% in June 2024 to 49% in September 2024.
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October 17, 2024
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Industry Insights

Demand for targeted support among those approaching retirement

Almost two thirds (64%) of those approaching retirement (aged 50-59)find targeted support strategies “appealing”.
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October 16, 2024
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Industry Insights

State pension set to rise by 4.1% in April 2025

The state pension is set to rise by 4.1% in April 2025 – more than double the September inflation rate of 1.7% announced today.
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October 15, 2024
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Industry Insights

Warning of ‘chasm’ between expectations and reality of retirement

While 53% of Gen X savers were confident they'd have a comfortable retirement, only 12% had clear financial goals and a budget for retirement.
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October 14, 2024
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Industry Insights

Call for focus on flexible pension saving in future auto-enrolment reforms

Future auto-enrolment reforms should focus on flexible pension saving to reflect the different challenges that low, middle and higher earners face.
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October 11, 2024
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Industry Insights

Government urged to set up National Lifetime Savings Plan

The government has been urged to create a new National Lifetime Savings Plan (NLSP) to help improve financial resilience.
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October 10, 2024
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Industry Insights

Survey highlights savers’ regrets over not doing more to boost retirement funds

“It's not just about knowing the terms, but really feeling confident in making decisions that affect our financial well-being."
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October 9, 2024
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Industry Insights

Many adults in UK ‘woefully unprepared’ for retirement

Adults in the UK are facing a financial planning ‘black hole’ and are “woefully unprepared” for retirement and legacy planning.
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October 8, 2024
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Industry Insights

Pension fund returns surpassing expectation for UK savers

“These results demonstrate the importance of long-term planning and investment in pension funds,” commented PensionBee’s chief engagement officer.
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October 7, 2024
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Industry Insights

Government reportedly scraps plan for flat rate of pension tax relief

The government has allegedly dropped its plans for the introduction of a flat rate of pension tax relief due to concerns about the impact.
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September 27, 2024
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Industry Insights

Women face 90-year wait for gender pension gap to close

It will take 90 years for the gender pension gap to close from 2024, despite the gap recently reaching its lowest-ever rate.
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September 26, 2024
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Industry Insights

Defined benefit schemes’ running costs rise by average of 37% over past year

Beyond increasing costs, almost all (99 per cent) trustees said they had found the pace of new regulations a major challenge in the past year.
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September 23, 2024
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Industry Insights

Pension ‘jargon’ is barrier to retirement planning for many people

73% of retirees do not fully understand key pension terms such as 'annuity', with pension jargon seen as a “barrier” to pension planning.
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