Prudential

Prudential has confirmed its new lifetime mortgage product will be open for new business from 17 October.

New research from Prudential has warned the number of people working past retirement age could rise to 2.5 million in the next five to 10 years.

More than a third of UK pensioners are unable to afford to live how they had hoped in retirement, with the average person needing an extra £180,000 during their 25 year pension lifetime, new research indicates.

Confidence in the UK housing market remains glued to ‘uncertainty' in line with feelings stretching back four months, new research finds.

Half of UK companies with a turnover exceeding £1m are not yet prepared for pensions simplification, new research indicates.

Prudential will launch its lifetime mortgage product at the end of September with key facts illustrations available to intermediaries from the end of August.

Thousands of endowment mortgage holders may eventually have to fall under the Financial Services Compensation Scheme, as the Scotsman reports a mortgage brokering firm has gone into liquidation which may have mis-sold these products.

As many as 3.5 million Brits are spending £5.4bn annually in 'pocket money' hand outs to their retired parents, new research indicates.

With-profits funds could see improved potential returns in the near future as Prudential says equities are now cheaper than the bonds sector.

First-time buyers are finding it tougher than ever to put money aside for their retirement, new research released by Prudential today claims.