We’re often told to save more for retirement, but have you ever stopped to think about how your pension pot compares to your peers? Is your pension wealth keeping up with the Jones’s?
According to the ONS, the median average UK pension pot is £32,700, yet this varies significantly depending on age and pension type. For 25 to 34-year-olds, it’s £9,300, but for 55 to 64-year ...
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GlobalData on MSNPensions dashboard won’t be the silver bullet for the lost pots issue – but fintech ...Marco Ross highlights the limitations of the incoming pensions dashboard, the rising issue of lost pension pots and why ...
According to the latest figures from the Department for Work and Pensions, the average single pensioner has an income of £13,884 a year. For couples, that jumps to £29,172 between them.
The percentage of working age adults contributing to a workplace or personal pension pot also increased from 43% to 57% in this period. This upward trend could be due, in part, to the introduction ...
Pensioners claimed almost £50 million in pension tax overpayment refunds in the past three months. Now, HMRC says it wants to ...
A 65-year-old with a £100,000 pension pot can currently secure an annual income of up to £7,492 in retirement. Retirees can get this gaurenteed income for life through a single life level annuity with ...
According to provider PensionBee, today’s youngest workers are forecast to accrue, on average, five different pension pots by the age of 68 – while some could accumulate more than 20 separate ...
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Proof it is better to buy a series of annuitiesWould you rather have a set fixed income for life or one that starts lower but is protected from inflation? New research ...
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Britons could boost their retirement savings by more than £73,000 by increasing their pension contributions by just five per cent from age 35, according to new analysis. The figures, revealed by ...
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