Posts Tagged :

pension

UK Savers need to put away less for retirement than the rest of the world

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UK savers need to save seven times their annual household income by aged 68, compared to an average of 10 times in other parts of the world. UK savers need to save less of their household income than those in the US, Germany, Canada, and Hong Kong and a comparable amount to those in Japan […]

We have an equal gender pension age for the first time in 70 years

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New laws will see men and women receive their pension at the same age, but could this change in the law see women lose out and widen the gender pension gap? From 6 November 2018, for the first time in more than 70 years, men and women will receive their pension from the same age […]

Young people are opting out of auto-enrolment

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A majority of young people between 22 and 29 are expected to continue paying into their pensions after minimum contributions rise in April 2018 and 2019, according to a new report by Scottish Widows. Despite concerns from the younger generation that contributions for pensions are growing too high, pension company Scottish Widows is worried that […]

Retirement gender gap continues to grow

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The gap between men and women’s expected retirement incomes have increased by £1,000 in the last year according to new statistics. Research by Prudential has shown the changing trends over the last 10 years in order to work out how those looking to retire soon will be affected by the genderpay gap. Women planning to […]