One in seven retirees this year will do so without any pension, according to research by Prudential. Almost one in five will be below the poverty line.
The insurer’s annual study, based on interviews with 8,676 over 45-year-olds and another 1,007 people retiring this year, found 14% of retirees with only the state pension as their retirement income. On average, the state will account for little over a third (36 per cent) of average retirement incomes. Meanwhile, 18% will retire with incomes of under £8,254 a year – the figure Joseph Rowntree Foundation defines as the poverty line for a single pensioner in the UK
Transport for London (TfL) ploughed a total of £1.6bn into its workers' pensions from 2004 to 2011, and its contribution rates have risen by more than 50 per cent over the last seven years according to new figures
UK women on average earnings who do not contribute to a retirement fund during career breaks could damage their pension to the sum of £4,680 a year, according to new research
Small pension schemes should move quickly to get the best prices for medically underwritten annuities, Aon Hewitt said today
The Pensions Regulator has published its corporate plan for the next three years. Implementation of auto enrolment among smaller employers and meeting the new requirement in the Pensions Bill to support DB funding arrangements compatible with sponsors’ sustainable growth are key goals identified in its approach to regulation up to 2016
Radical reform of the Local Government Pension Scheme investment regulations is needed to achieve sufficient scheme performance and member protection, according to the National Association of Pension Funds
UK inflation fell to 2.4 per cent in April from 2.8 per cent in March according to latest statistics published by the Office for National Statistics (ONS). Consensus expectations for the level of inflation were recorded at 2.6 per cent
UK pensions no longer lead Europe in their allocations to equities following another year of cutting exposures in a focus on managing funding volatility, according to Mercer
Pensions Insurance Corporation (PIC) has agreed a £63m buy-in deal for the NSPCC Pension Scheme to cover £63m of pensioner liabilities for the charity’s scheme. The premium was reduced in part by the trustees deferring coverage for deflation
The Retail Distribution Review (RDR) saw sales of enhanced annuities by specialist provider Just Retirement drop by more than a quarter in the first three months of the year, it revealed today. Sales for the year to March year slumped by £83m, to £230.6m from £313.2m in the period to March last year
Barnett Waddingham has added its voice to calls for action to tackle fraudulent pension liberation transfers
Top-end pension savers must look to alternative investments to avoid significant taxes from the new lifetime and annual allowance caps next year, according to Kuber Ventures, the first multi-manager platform for portfolios of Enterprise Investment Schemes (EIS)
The Pension Protection Fund (PPF) has announced today that it is 84 per cent confident of achieving self-sufficiency by 2030, but recognised that uncertainty remains as a result of the current economic climate
With DC assets growing rapidly, Simon Chinnery evaluates three critical factors that can help DC members get over the retirement finish line and retire on a pension that meets their needs
The detailed examination of auto-enrolment’s component parts in the build-up to last October appears to have missed out the crucial factor of provider capacity, finds Marek Handzel
Pádraig Floyd explores the prevalence of pension liberation fraud and what is being done to tackle the problem
Trustees are faced with more training pressures than ever – Andrew Sheen asks how they can keep up
Graham Wrightson looks at what can be learnt from recent Pension Ombudsman determinations into pension overpayments
The growing disparity between public and private sector pensions
Andrew McCaffery explains how it is the underlying investment capability that matters when comparing single and multi-strategy hedge funds
We review the latest Pensions Age conference, tackling the hot topics facing pension professionals today
Carolyn Fox provides an insight into the new approach for all PPF schemes
Greg Wenzerul finds ways to ensure your buy-in contract stands the test of time
Hugh Nolan ponders the consequence of TPR being required to have a regard for the growth prospect of employers, as announced in the Budget
Alistair Wilson provides an overview of liquidity in the fixed income market
