Retirement

SHIP - the self regulating body which represents 90% of the equity release market - says it is also introducing tougher new rules later this year on lifetime mortgage and home reversion schemes.

British pensioners currently receive an income mirroring that of a graduate despite the fact their income has risen by one-quarter over the past decade, latest figures from the DWP reveal.

The UK government should consider adopting New Zealand's state pensions regime if it wants to shrink Britain's massive savings gap, says the Pensions Policy Institute.

IFAs now have less than 698 days, 11 hours, 58 minutes and 31 seconds to get their act together and prepare for pensions simplification introduction, according to the Scottish Widows' pensions simplification countdown clock.

Pension scheme members opting for an Alternative Secured Income when reaching age 75 will be able to nominate a person who is not a relative to receive any possible surplus funds upon their death, Scottish Equitable reveals.

Analysts at the Centre for Economic and Policy Research say their work suggests government and industry really have no idea about how to encourage long-term savings and may be putting forward policies that could be extremely damaging to pension savers...

Future pensioners face more means-testing as people become increasingly reliant on the state to provide them with a pension warns the Pensions Policy Institute

Less than half of today's under-30s are saving in a pension in part because there appears to be no positive story about retirement planning, suggests a focus group study by the Association of British Insurers.

Providing employees with information about pensions will not be enough to reverse the negative long-term savings trend currently prevailing throughout the UK, says Hewitt Bacon & Woodrow.

Using so-called swaps will help trustees of pension funds better match future liabilities with current assets as the industry moves towards a heavier reliance on fixed income products to bear the cost of a rapidly ageing population, according to analysis...