Retirement

Amendments to the Pensions Bill, which would have allowed the Government to supplement the Financial Assistance Scheme via a Lifeboat Fund, have been overturned by Parliament.

Young people are ‘too cautious' with their top-up pension savings, according to consultants Watson Wyatt.

The rate of inflation facing the over-75s fell from 3.4% to 3.1% in June but it remains higher than the inflation rates facing other age groups, according to data from Alliance Trust, the financial services group.

The House of Lords has overturned Baroness Hollis's amendment to the Pensions Bill which would have give women more flexibility to buy 'added years' to increase their basic state pension.

YOUNGER investors may be taking an overly cautious approach to their top-up pension savings, according to consultants Watson Wyatt.

The family home should not be seen as a substitute for pension planning, warns In Retirement Services, an equity release provider.

The gilt yields used for calculating pension income drawdown reached their highest level for five years this month at 5.25%.

A row has broken out over a cross-party amendment to the Pensions Bill, with independent policy adviser Dr Ros Altmann accusing the ABI of misleading MPs and the press.

A series of interest rate hikes has led to more people saving now than in the past few years.

Clerical Medical has launched an income drawdown product aimed at customers aged 50 to 74.