Quarter of women over 55 have no private pension

One in four female homeowners over the age of 55 have no private pension, according to research from SunLife. In a poll of more than 1,000 homeowners over 55, 24% of women said they had no savings stashed away in a private pension, compared to only 6% of men. The...

70% of small firm employees save into workplace pensions

Smaller employers have seen their workers' participation in workplace pensions increase to 70% since the introduction of auto-enrolment, research from the Institute for Fiscal Studies (IFS) shows. The report found that without auto-enrolment, 26% of staff in...

Employers’ pension contributions rise to 3%

More than a million employers have seen the minimum amount they're required to pay towards staff pensions increase from 2% to 3%, under auto-enrolment rules as of 6 April 2019. Employers are required to automatically enrol workers between the age of 22 and state...

Green light given to pensions dashboards

The Department for Work and Pensions has announced new proposals to support the development of pensions dashboards, with initial industry models expected in 2019. Pensions dashboards were first proposed in 2016, and are intended to help savers with retirement planning...

Retirees seek advice on pension options

People entering retirement are taking a cautious approach to accessing their pension savings, with many looking to understand the various options available to them. Aegon interviewed 250 independent financial advisers, who reported several common challenges faced by...