Retirement

The average IFA plans to retire at 62, according to research from financial services company MetLife.

Gone are the days when mum and dad spent their retirement weeding the allotment and taking one holiday a year.

Canada Life has relaunched its annuity growth account (AGA) seven years after the product hit the market.

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%.