Pensions

Historic £1.5 billion payout for 112,000 former coalminers

The UK government has announced a £1.5 billion payout for 112,000 former coalminers, changing a long-standing injustice and significantly boosting their pensions by an average of 32%.

Elder Americans face growing financial insecurity

In September the National Council on Ageing (NCOA) analysed the growing financial crisis that older Americans face, in particular those aged between 60 and older.

National Pension Awareness Week: Pensioners face winter fuel payment reduction

The 9-13th of September 2024 is National Pension Awareness Week, which offers an opportunity for people to learn about their income post-retirement.

State pension set to increase by over £400

The UK government is set to boost the state pension by more than £400 annually, according to recent reports, this sparks anticipation and controversy among pensioners.

Warning issued over pensions’ role in UK economic growth

A warning issued by the CEO of Royal London, the UK's largest member-owned insurance group, raised concerns over the government's strategy to use pensions to stimulate economic growth, the Guardian reported.

Print and post help make London’s pensioners better off

Print and post helped make London’s pensioners better off by over £8 million a year, writes Jason Lusty, Senior Business Development Manager at CFH Docmail Limited.

‘Pot for Life’ will this new scheme solve the UK’s pension crisis? 

The UK faces a pension crisis, with state pensions now funded on a pay-as-you-go basis.

Five industries to see reduction in employer pension contributions

Amid a cost of living crisis and the retirement age increasing, employees are worried about cuts in employer pension contributions - who will be the worst hit?

Gender savings gap: Women save 35% less than men in the UK

Women across the UK save a third less than their male counterparts due to a gender savings gap, leaving a disparity of 40% between men and women at the age of retirement.

What do ceding provider delays mean for pension planners?

Andrew Megson, Executive Chairman of  My Pension Expert , explains what ceding provider delays mean for pension planners and how they can protect their money by understanding their customer rights.

What does the Budget have in store for the pension industry?

Andrew Megson, Executive Chairman, My Pension Expert, discusses what the pension industry hopes to see from the Budget 2021 and explains what the touted changes could mean for UK savers.

Free Wills Month: Why we must confront the taboo of wills

In recognition of Free Wills Month, Andrew Megson, executive chairman of My Pension Expert, stresses that we should not bury our heads in the sand when it comes to arranging a will.

Protecting your pension pot, post-COVID 19

Andrew Megson, executive chairman, My Pension Expert, discusses the financial pressures brought about by the coronavirus, and how consumers can plan for retirement and protect their pension pot in such uncertain times.

Tackling pension panic during the coronavirus pandemic

Here, Andrew Megson, Executive Chairman at My Pension Expert, discusses whether COVID-19 has caused widespread pension panic.

Is there a case for differentiated longevity adjustment of the retirement age?

Professors of Economics Svend E. Hougaard Jensen and Gylfi Zoega call for public-private partnership as they discuss adjustments of the retirement age and pension funds according to life expectancy.

Pensioners risk £68,000 shortfall as they underestimate the cost of retirement

Pensioners risk a shortfall of more than £68,000 over the course of their retirement as 33% of Brits expect to survive solely on their state pension, new research from Nationwide Building Society shows1.

What are the benefits of workplace pensions?

Here, Nic Redfern, Finance Director, KnowYourMoney.co.uk discusses the benefits of workplace pensions.

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