pensions

Citizens Advice has warned MPs the means-tested pension credit is failing to serve a large number of the very poorest pensioners it was originally set up to benefit.

At least nineteen out of 20 people believe more needs to be done to educate consumers about personal finance, suggests research commissioned by Norwich Union.

Punters have barely had pause for breath before being hit with the next big political question of pensions, which the government seems to have firmly knotted to the next general election.

More than two thirds (67%) of people in the UK feel compulsory saving serves as the best solution to the pension-funding shortfall, a report indicates.

IFAs are being ushered to look at the cost of charges on contracted-out pensions, as the estimated size of the average contracted-out pension pot now stands at £24,000, suggests Legal & General.

A growing number of people in the UK have caught on to the pension crisis facing them if they do not start saving for retirement, ABI research reveals.

The number of people claiming Pension Credit has increased by 64.5% in the past year the DWP says, despite heavy criticism and calls to do away with means-testing.

Research suggests despite the major increase in house prices, equity tied up in homes will not be enough for people to rely on when they retire.

Same sex couples will gain pension benefits in contracted-out schemes, while civil partners will have the right to pass on survivor pensions as married people do, under new changes announced by the Government.

Bank of Scotland's Smartfinance has launched an offset commercial mortgage for the pension fund market.