Over three million Brits plan to work a second job in order to save up enough money for their retirement, with the side hustle trend particularly evident amongst younger workers, according to new research. The pension experts at money.co.uk looked into how Brits are planning to finance their retirement, finding that one in ten believe they will […]

A recent poll conducted by WEALTH at work found that 84% of respondents think employees have changed their retirement plans in light of the pandemic. Jonathan Watts-Lay, Director, WEALTH at work, said: “The pandemic has affected nearly all of us and not least those employees who are approaching retirement. It therefore comes as no surprise that […]

According to a new survey the majority of workers in the UK aren’t aware of how much money they need to be able to retire comfortably. A survey of more than 1,200 people by chartered financial planners True Bearing revealed that 83% of workers, including full-time, part-time and self-employed, don’t know what size pension pot […]

One in twenty British adults claim they will never retire – and of those who do believe retirement is on the cards, one in 10 reckon they’ll be aged 70 or older when the time comes. However, not all employees want to hang up their hat, as 37 per cent say they wouldn’t be able […]

Brit workers expect to be physically capable of doing their jobs until past their 68th birthday. That’s beyond the age they can start claiming the State Pension, even when it is extended to 67 by 2028. Almost a third (31 per cent) believe they could work into their 70s and beyond with one in 14 confident […]

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 […]

Gardening and golfing are off the menu for almost a quarter of millennials who are convinced they’ll never be able to retire Some 24 per cent of 18-35 year olds believe they will never be able to afford to retire, according to a new survey. And the same amount are worried that they will have to continue working […]

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 […]

There is a ‘gap’ between the amount that men and women receive in employer pension contributions, which if left unaddressed could result in a shortfall of £47,000 by the end of a woman’s working life, according to the inaugural Zurich Workplace Savings Barometer. Last year, on average, men under the age of 35 received £217 […]

Nearly one in five employees have built up three or more company pension funds during their career, making it more difficult to keep track of their retirement planning, new research from employee benefits consultancy Portus shows. Its nationwide study shows 17% of employees have built up three or more pension funds as they have moved […]

The Pensions and Lifetime Savings Association (PLSA) has published new research analysing the incomes different UK generations can expect in retirement. ‘Retirement Income Adequacy: Generation by Generation’ reveals that automatic enrolment will deliver a real improvement in the retirement outcomes of millions of people in the UK, but there is still room for improvement. Of the […]

To mark Financial Capacity Week, Just Retirement reveals that 58% of people have no idea how much their employer contributes to their pension and 43% would battle to identify how much they contribute themselves. New research of more than 3000 people over the age of 21 suggests that while workers value pension savings, they are […]

Research from Equiniti, a leading investment and pension technology company, shows that uncertainty about what to do is preventing savers from investing as much as they want to. A survey of more than 6000 savers and investors found that more than half (58%) do not save or invest as much as they want, with around […]

Taxation issues are the biggest source of inquiries for HR departments from members of company pension schemes, new research from employee benefits consultancy Portus shows. Two out of three (67%) HR departments say they have dealt with general tax inquiries, outstripping questions about fund values that have been dealt with by around 60% of HR […]

More than one in five company pension scheme members – the equivalent of 2.3 million workers – are disappointed with the performance of their retirement savings, new research from employee benefits consultancy Portus shows. Its nationwide study shows 21% of employees are concerned about the performance of their company pension scheme over the past two […]

Nearly one in seven over-65s are boosting their pensions by working, earning around £296 in addition per week, MetLife’s analysis of pensioners’ income statistics shows. The data reveals that the numbers of over-65s working has increased from just 8% of the pensioner population in the past 10 years to 13% – the equivalent of 1.1 million […]

Rather than slipping quietly into retirement, managers should create new opportunities toward the end of their careers, Professor Mary Dean Lee from the Desautels Faculty of Management at McGill University suggests. Professor Lee and her research team interviewed 100 executives and managers who had recently retired or were actively considering it and HR professionals from 24 […]

With people living longer and fewer young people entering the labour market, Britain’s employers are increasingly reliant on the skills and talents of older workers to boost productivity. However, the ageing population also means there will be an estimated nine million carers in the UK by 2037, many of whom will be trying to juggle […]