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- UK workers urged to join company pension schemes - 3rd November, 2008
Prudent Minds – number 1 for pensions advice
UK workers are missing out on over £5 billion a year by failing to join their company pension schemes, it has been claimed.
According to research carried out by Prudential, some 18 per cent of those who know their employer offers an occupational pension scheme have not joined... - Increased life expectancy 'may erode pension savings' - 29th October, 2008
Prudent Minds – number 1 for pensions advice
Increased life expectancy and its associated costs could erode people's pension savings, according to the assistant editor of Pensions Management magazine.
Owen Walker said people are still not saving enough to ensure a comfortable retirement... - Seek pensions advice before cutting back on contributions, says expert - 28th October, 2008
Prudent Minds – number 1 for pensions advice
People thinking of cutting back on their pension contributions during the current economic climate should seek pensions advice before doing so, it has been claimed.
According to Bestinvest, savers should speak to a professional about why they are taking such action and discuss their motivations - for example they may be looking to reduce their exposure to volatile markets or they may simply be struggling financially... - Women to receive state pensions boost - 27th October, 2008
Prudent Minds – number 1 for pensions advice
Women will receive a substantial boost to their state pensions under new rules announced by the government.
According to pensions secretary James Purnell, around 75 per cent of women will be entitled to a full basic state pension by 2010, compared to just 35 per cent today... - Pension savings gap narrows - 16th October, 2008
Prudent Minds – number 1 for pensions advice
The gap between the number of women saving for retirement and the number of men doing the same has narrowed, according to new research from Scottish Widows.
However, the pension provider found that there is still a difference of nine per cent, with just 46 per cent of women contributing to a pension compared to 55 per cent of men... - Pension savers 'unaware of stock market risks' - 14th October, 2008
Prudent Minds – number 1 for pensions advice
Millions of retirement savers are unaware of the risks that volatile stock markets pose to their pension schemes, the Pensions Advisory Service has found.
According to the government-funded organisation, around five million UK employees are members of defined benefit pension schemes, payouts from which depend heavily on the performance of the shares in which they are invested... - Brits lack retirement confidence - 30th September, 2008
Prudent minds – number 1 for pensions advice
Many Britons lack confidence when it comes to providing a comfortable retirement for themselves, suggesting that pensions advice may be beneficial.
According to a survey by Alliance Trust Savings, 43 per cent of the population doubt whether they will be financially secure in their twilight years... - One-third of over-55s 'relying on state pension' - 23rd September, 2008
Prudent minds – number 1 for pensions advice
While almost half of over-55s believe they will need to make adaptations to their home as they grow older, one-third are relying on their state pension to fund them.
This is the conclusion of a survey by Newcastle Building Society, which shows that 46 per cent of over-55s expect to have to use their state pension to install stair lifts and handrails or make other home improvements... - British retirees 'dream of holidays and travel' - 22nd September, 2008
Prudent minds – number 1 for pensions advicePensions advice could come in handy for many retirees who harbour plans of travelling the world and taking more holidays once they give up work.
According to a survey carried out by MGM Advantage, 42 per cent of the British public intend to go on holiday more often once they reach retirement... - Travel plans hampered by poor retirement planning - 16th September, 2008
Prudent minds – number 1 for pensions advice
Failure to prepare adequately for retirement is hampering the travel plans of many Brits once they finish working, new research has found.
According to the Scottish Widows UK Pensions Report 2008, some 45 per cent of retirees name travel as their most popular retirement activity...