Almost half of people are unaware how changes to the state pension will affect them with just over 500 days to go until historic reforms are introduced, research suggests.
The government expects some people to "make the wrong choices" and receive a worse outcome than under the existing system when changes designed to give retirees the power to do as they wish with their savings are rolled out in the spring, pensions minister Steve Webb has warned.
Retirees are looking to invest their pension savings in the buy-to-let market, according to a survey from the Bank of Ireland.
The typical Briton entering the workforce today can expect to have nine jobs including one major career change in their 48 years in the workplace, according to research from retirement specialist LV=
Clients of deVere Group answered a simple but loaded question: “What is the most impactful financial mistake you’ve ever made?”
Nearly one in five (18 per cent) adults do not believe they will qualify for the full flat rate State Pension of £155 a week, due to come into effect on 6 April 2016, according to new research from Prudential.
Up to 200,000 people will cash in their pension next year, netting the Treasury an additional £1.6bn in tax, according to research from Hargreaves Lansdown.
Danny Alexander, chief secretary to the Treasury, has hit back at claims the government is pushing through its wide-ranging pension reforms "in a big rush" ahead of next year's general election.
An adviser who stole more than £200,000 from a client's pension has now been ordered to pay it back, plus interest, as well as serve three years in prison.
The Treasury is to give savers more freedom on how they can take their tax-free lump sums from pension pots, with new rules allowing savers to take a portion of their pension out at any time.
Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.
Scottish Widows has launched a website dedicated to helping people understand their retirement options post-April 2015 in light of the Budget changes.
Morten Nilsson, CEO of NOW ponders the shape of the pensions industry a decade from now.
The Pensions Advisory Service (TPAS) is planning to target savers who have indicated they plan to make full use of the pension freedoms outlined at Budget 2014, to warn them of the dangers of doing so.
Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.
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