4+ day, 14+ hour ago  (414+ words) Martin Lewis has issued a fresh alert to those aged 55 and over regarding costly errors that can occur when drawing money from pension pots for the first time. The consumer champion warned that many people mistakenly believe they can simply…...

5+ day, 21+ hour ago  (661+ words) Worryingly, just 4% " one in 25 " of wholly self-employed workers are saving for retirement, and it's even lower among younger self-employed people. The report revealed that around 3 in 10 private pension pots are accessed at the earliest possible opportunity with half of all…...

6+ day, 13+ min ago  (1056+ words) About 15 million people are under-saving for their retirement, according to the Pensions Commission, which said a fresh "national settlement" for pensions was needed. The commission published an interim report on the state of retirement saving in the UK, warning that…...

6+ day, 15+ hour ago  (425+ words) A new piece of legislation, which comes into effect this month, will bring changes to pensions. The changes could mean up to "29, 000 is added to the average pension pot, benefiting more than 20 million workers, the Government says. The Pension Schemes…...

6+ day, 18+ hour ago  (636+ words) A state pension age rise is set to cost more than 25, 000 UK households as much as "7, 000 after it began in April. A warning has been issued by charity Carers UK over the knock-on effect of the state pension age increase…...

6+ day, 19+ hour ago  (496+ words) The future of the State Pension triple lock is being called into question after campaigners claimed scrapping it could save taxpayers up to "19billion a year within a decade. But new research suggests the cost has spiralled, with spending forecast to…...

6+ day, 18+ hour ago  (402+ words) Reforming the pensions triple lock could save billions year on year by the mid 2030s, a think tank has claimed. The guarantee " introduced in 2011 " ensures that the state pension will rise in line with inflation, average wage growth, or 2. 5%, whichever is…...

6+ day, 19+ hour ago  (440+ words) The Government is facing fresh calls for reform as one group of Brits are retiring with half the cash of others. Women nearing retirement are sitting on just half the private pension wealth of men " prompting fresh demands for a…...

1+ week, 11+ hour ago  (470+ words) Millions of pension savers born between April 6, 1971 and April 5, 1973, have been warned that they could face an unexpected two-year wait to access their pension savings. The Normal Minimum Pension Age (NMPA), the earliest age at which most people can access…...

1+ week, 23+ hour ago  (455+ words) Anyone born in 2000 or 2001 could lose almost "70, 000 in state pension payments because of the rising retirement age, new analysis suggests. Rathbones has warned that Gen Z workers face missing out on up to "69, 900 in state pension income if the state…...