Pensions & Retirement

How many pensions do you have? It's not unusual if you’ve been working for a while to have several personal and workplace pensions. Multiple pensions can mean a lot of paperwork and make it difficult to get a picture of your overall pension planning and whether you’re saving enough to keep your goals on track. But, before you decide to…

What is the issue? As we approach retirement, research suggests that most underestimate the amount of wealth needed to afford the lifestyle that they want once they stop working. Changes to pension structures, lower interest rates, higher inflation and longer life expectancy have all combined to mean that the amount of money needed may be higher than originally predicted. Why…

Savers paying fees to multiple providers across all their pensions The more old pensions you have, the easier it is to end up losing one. Tracing pensions from years ago can be a hassle. Over 3.6 million Britons admit they have no idea how many pensions they have and risk paying more in fees than necessary, according to new research.…

The surge in inflation is a concern to most; however, if you are retired and drawing an income from your pension, you are likely to wonder whether your retirement pot can sustain the rising prices and what this may mean for your ongoing lifestyle and future ambitions. Finding ways to reduce the effect of inflation are vital for most of us,…

5 things you need to consider before deciding to withdraw money from your pot Following pension reforms from age 55 – rising to age 57 from 2028 unless your plan has a protected pension age, you can start using the money you’ve saved in your pension. But there’s a lot to think about when you withdraw money from a pension.…

Insight into the hopes, fears and aspirations of people approaching and in retirement People aged between 55 and 64 are now less confident about their retirement than they were a year ago, with over-55s most likely to be worried about rising prices. Many of us are unsure about what to expect when it comes to planning for the future. Study…

More pension savers are asking where their funds are invested The consequences of inaction on climate change are now impossible to ignore. Every company has an impact on the world around us. And by investing in them, so do we. Increasingly more and more pension savers are asking where their funds are invested. Many people are no longer just concerned…

Making an early exit from working life There are many factors that can influence when someone decides to retire. For some, it may be based on health reasons, while others may want to take advantage of government benefits or simply enjoy a more relaxed lifestyle. However, one of the most common factors that determines when people choose to retire is…

What’s making the retirement journey even more difficult? The days of working for a single employer for your entire career and retiring with a comfortable pension are largely gone. The responsibility for accumulating a retirement nest egg now rests with individuals as opposed to their employers. Saving enough for retirement is challenging for many people, but an era of changing…