Women aged over 50 are heading for retirement with pensions HALF the size of men’s average £82,000 pots Women aged 50-plus have around £43,000 in private pensions on average Men have around £82,000, and also have higher cash savings How do you plug the gap? Read a guide to sorting out your pension below By … Read more
More than 100,000 retirees could be losing out on thousands of pounds every year because they have not been told they can now claim a state pension. State pension rules mean that those who do not qualify for the benefit when they reach retirement age could still later be entitled — but the Government is … Read more
Millions of savers could face poorer retirement than hoped for due to flawed projections of how much their pension pot might be worth at retirement By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Millions of savers could face a poorer retirement than … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
Planning for retirement is an important financial goal for most savers. Yet the complexity of pensions means that many remain uncertain about their options. In recent years, we have seen a welcome focus on simplifying pensions and giving savers control over their money. The app PensionBee has been creating a splash after it was valued … Read more
‘Unclaimed winning lottery tickets’: Steve Webb has helped three more women get huge state pension payouts from the Government Around 5,000 women on tiny state pensions of £1 a week could be due backpayments worth tens of thousands of pounds, former Pensions Minister Steve Webb has revealed. This small group of women might be ‘sitting … Read more
People who hold off receiving their state pension when they become eligible for the cash could be thousands of pounds better off in their retirement, experts claim. The state pension this week increased to £179.60 a week or roughly £9,300 a year for those who qualify for the full rate new state pension introduced in … Read more
Many workers are heading for disappointment when they retire on far less comfortable pensions than those enjoyed by today’s older generation, a finance expert warns. Employers dumping generous, guaranteed final salary pensions and government hikes to the state pension age are among eight hurdles that will make people saving now poorer in retirement than they … Read more
My mother is a victim of the £3billion state pension scandal. It now appears that she is being victimised again by the local authority. Due to this scandal my mother has recently received a sizeable payment from the Department for Work and Pensions, because of their ineptitude going back 12 years to when my father … Read more
More middle-aged savers should take a financial health check to get them ready for retirement, the pensions minister has told MPs. It is hoped that a simple ‘midlife MOT’ will give those aged between 45 and 60 a good idea of how prepared they are for later life, and help them take action now to … Read more