18% 'will retire in debt'

24 January 2013

Almost one in five people (18 per cent) who are set to retire in the coming 12 months will do so with some level of debt still hanging over their heads, according to a new report.

Data co...

Female annuity rates up after EU Gender Directive

11 January 2013

The EU Gender Directive - which came into force last month - has led to a rise in the annuity rates being paid to women.

Many financial commentators stated it was unclear what the impact on...

New Year 'ideal for retirement income check'

08 January 2013

Many people will have made New Year resolutions in the last couple of weeks, with a popular option likely to be to improve their financial situation.

Retirement planning can be a complicate...

Labour seeking to cap pensions tax for top earners

04 January 2013

The Labour Party has announced it will be campaigning to cap pensions tax relief at 20 per cent among UK employees who earn more than £150,000 a year.

According to shadow chancellor E...

Gender directive impact on male annuities 'not as bad as feared'

27 December 2012

Men considering the purchase of an annuity may have been concerned about how much the products could drop in value as a result of the EU Gender Directive.

But new ...

Life expectancy rise 'to increase pension age'

24 December 2012

The state pension age could be put back further by the government under plans to tie rises in with increases in life expectancy.

Chancellor of the Exchequer George Osborne is considering pr...

MEP criticises annuities directive

24 December 2012

An EU directive is set to result in men receiving lower annuities, according to an MEP.

Conservative MEP Marina Yannakoudakis told the Fulham Chronicle that it is ...

New annuities rules come into force

21 December 2012

Companies will no longer be able to use gender as a factor in calculating quotes for annuities, as a result of the introduction of new legislation banning this practice.

PwC makes annuity rates prediction

20 December 2012

PwC has claimed the arrival of the EU Gender Directive, which will remove price differences between men and women on insurance products, is going to hurt annuity rates for males.

The direct...

Pain for older savers continues as inflation holds

19 December 2012

Older people may be continuing to see their savings eroded after official figures revealed inflation held at the same level in November as in the previous month.

Data unveiled by the Office...