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5 Common Mistakes When Planning for Retirement and how to Avoid them 16 Apr 2013 | 12:48 pm
The Open Market Option was one the most important breakthroughs for consumers looking to get the best deal for their retirement as they approached the end of their professional working life. Introduce...
British workers now expect to work until they are 64 22 Feb 2013 | 04:53 pm
According to a recent survey, workers in the UK are now expecting they will need to continue working for a few more years than they would like. A decade ago, people in the UK planned to be able to enj...
Pension deficits drop back to £211 billion in January 15 Feb 2013 | 02:50 pm
Data released by the Pension Protection Fund (PPF) shows that the deficit for final-salary pension schemes in the private sector dropped last month. The PPF published a statement saying the total defi...
Bank of England Keeps Interest Rates at 0.5% with any increase in the near future unlikely 8 Feb 2013 | 04:32 pm
The Bank of England has warned both the public and financial markets that the inflation rate will stay high for a couple of years more. The institution said in a statement that tuition fees for univer...
FSA to start investigating how annuities are sold 1 Feb 2013 | 07:38 pm
The Financial Services Authority (FSA) is to launch an investigation into how annuities are being sold. The regulators will be paying specific attention to how much encouragement a person receives, a...
Independent tax body wants P60s for pensioners 25 Jan 2013 | 04:18 pm
A tax advisory body is suggesting that pensioners should get a yearly breakdown similar to the P60 workers receive, detailing their retirement income and how much tax they’ve paid in a bid to simplify...
OFT to investigate workplace pensions schemes for Auto-enrolment 18 Jan 2013 | 02:08 pm
The Office of Fair Trading will be investigating defined-contribution pension schemes to make sure workers are getting the best deal with their company pensions. With the auto-enrolment scheme underwa...
Energy bills have more than doubled for elderly since 2005 11 Jan 2013 | 03:56 pm
A report published by the Over-50s group, Saga, shows that fuel bills for the elderly have more than doubled since 2005. The group’s research has found the average combined gas and electricity bills f...
Quarter of over-65s are still working in Britain 4 Jan 2013 | 04:09 pm
According to recent research, almost a quarter of all people between the age of 65 and 74 are delaying retirement, with many citing money worries as their reason for continuing to work. Insurance gian...
Deputy Prime Minister wants to see an end to free TV licences for wealthy pensioners 17 Dec 2012 | 07:37 pm
The Deputy Prime Minister, Nick Clegg, is said to be ready to push David Cameron to abandon universal benefits for those aged over 65, and for pensioners to be means tested to receive benefits. The Pr...
