Retirement

The number of bankrupt over-65s has increased six times in the past ten years, the Insolvency Service says.

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.

Almost 20% of people do not believe pensions are a safe investment although more than half say they are 'vital' for retirement, research by Defaqto suggests.

The default retirement age (DRA) must be abolished without delay to avoid a negative impact on the economy as a whole, according to Ros Altmann, director general of Saga.

Martin Bamford of Informed Choice examines the case for delaying the scrapping of the default retirement age (DRA) for another year.

Shadow pensions minister Rachel Reeves yesterday challenged Steve Webb over the elimination of conflicts of interest for NEST asset managers.

Aegon global chief executive Alex Wynaendts has unveiled plans for the life company to restructure and secure a stronger share of the Asian and US life and protection markets.

Around a third of people see equity release as an important part of their retirement planning, but are not willing to pay fees for advice on it, according to the Equity Release Solicitors' Alliance (ERSA).

Pensions minister Steve Webb has been forced to explain how he assessed housing costs for pensioners when deciding to switch pension indexation from the RPI to CPI.

Only 22% of people know how much money they will need to save and for how long to achieve the retirement they want, according to a YouGov poll.