A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.
The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.
People are significantly limiting their retirement income by putting off pension planning until their early 30s, according to Friends Life.
Under-45s have "unrealistic" expectations of when they would be able to retire, a new report has revealed.
Lifetime mortgage rates have fallen significantly over the past five years and present an opportunity for existing customers to switch to lower interest rates, research finds.
Pension savers who do not take advice are more likely to lack retirement planning knowledge and be £200 a month worse off, according to research.
Deputy Prime Minister Nick Clegg has called for benefits such as free television licences, winter fuel payments and bus passes to be taken away from wealthy pensioners.
Fiona Murphy asks whether SIPP clients and advisers are restricted by a drawdown loophole