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 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 >
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 >
September 12, 2024
|
Industry Insights

Chancellor scraps plans to introduce new UK ISA

AJ Bell were one of many firms opposed to the idea, warning it would add complexity to an already complicated landscape.
Read More >
September 11, 2024
|
Industry Insights

Pension pot for basic retirement up 60% due to cost-of-living crisis

The research found that on average a worker needs an income of £19,300 a year in retirement to achieve a basic standard of living.
Read More >
September 10, 2024
|
Industry Insights

Just over half of state pension recipients receive full amount

Just over half (1,737,342) of the 3,407,567 people receiving the new state pension got the full weekly amount of £203.85 in 2023.
Read More >
September 9, 2024
|
Industry Insights

Warning that UK could be walking towards ‘pension cliff edge’

The UK could be walking towards a "pension cliff edge", Mercer has warned, encouraging the government to "seize the opportunity".
Read More >
September 5, 2024
|
Industry Insights

Fifth of Brits over 55 are spending more than expected in retirement

PensionBee suggested that this may be attributed to the rising cost of living in the UK since 2022.
Read More >
September 4, 2024
|
Industry Insights

Chancellor urged to drop means-tested winter fuel payment and cut pension tax relief

Reeves previously announced that the government would be changing winter fuel allowance payments for pensioners.
Read More >
September 3, 2024
|
Industry Insights

State pension age rises must be dealt with ‘imminently’, government told

In 2010, those under 40 held just £7.53 of every £100 of wealth, while over the past decade this has fallen “significantly” to £3.98.
Read More >
September 2, 2024
|
Industry Insights

One in five pensioners will be dragged into paying more tax

Frozen income tax thresholds will see an estimated one in five pensioners dragged into paying higher or additional rate tax by 2028.
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 >
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 >
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 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 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 >
September 12, 2024
|
Industry Insights

Chancellor scraps plans to introduce new UK ISA

AJ Bell were one of many firms opposed to the idea, warning it would add complexity to an already complicated landscape.
Read More >
September 11, 2024
|
Industry Insights

Pension pot for basic retirement up 60% due to cost-of-living crisis

The research found that on average a worker needs an income of £19,300 a year in retirement to achieve a basic standard of living.
Read More >
September 10, 2024
|
Industry Insights

Just over half of state pension recipients receive full amount

Just over half (1,737,342) of the 3,407,567 people receiving the new state pension got the full weekly amount of £203.85 in 2023.
Read More >
September 9, 2024
|
Industry Insights

Warning that UK could be walking towards ‘pension cliff edge’

The UK could be walking towards a "pension cliff edge", Mercer has warned, encouraging the government to "seize the opportunity".
Read More >
September 5, 2024
|
Industry Insights

Fifth of Brits over 55 are spending more than expected in retirement

PensionBee suggested that this may be attributed to the rising cost of living in the UK since 2022.
Read More >
September 4, 2024
|
Industry Insights

Chancellor urged to drop means-tested winter fuel payment and cut pension tax relief

Reeves previously announced that the government would be changing winter fuel allowance payments for pensioners.
Read More >
September 3, 2024
|
Industry Insights

State pension age rises must be dealt with ‘imminently’, government told

In 2010, those under 40 held just £7.53 of every £100 of wealth, while over the past decade this has fallen “significantly” to £3.98.
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 >
September 2, 2024
|
Industry Insights

One in five pensioners will be dragged into paying more tax

Frozen income tax thresholds will see an estimated one in five pensioners dragged into paying higher or additional rate tax by 2028.
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.
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July 4, 2024
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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.
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July 3, 2024
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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.
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July 2, 2024
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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.
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July 1, 2024
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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.
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June 28, 2024
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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.
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June 27, 2024
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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.
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June 26, 2024
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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.
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June 25, 2024
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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.
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