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Displaying items by tag: retirement

The latest rise in inflation is a “hammer blow” for retirees and leaves UK households with an annual £20.2bn shortfall to maintain the standard of living, Retirement Advantage claims.
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Average retirement incomes have hit a near three year high, a report said today.
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Some 85% of over 50s feel they retired too early, according to a survey of 50,000 of people in this age bracket.
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Chancellor Philip Hammond is to impose a 25% tax charge on pension transfers to QROPS pension schemes from tomorrow (9 March).
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A flexible retirement, involving a gradual reduction of hours and stopping work at an acceptable age, is likely to be a mirage for millions of people based on current levels of saving.
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Thursday, 23 February 2017 09:09

Demand for DB pensions advice increases five fold

Demand from high-net-worth clients for guidance on Defined Benefit pension schemes increased five fold last year, a wealth firm has revealed.
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A deluge of spam emails and texts from ‘cowboy’ firms could replace pensions cold calling when it is banned, the ABI fears.
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Thursday, 09 February 2017 11:33

Landmark survivor's pension ruling - experts react

Pension sector professionals have been digesting a Supreme Court judgement yesterday in what is being hailed as a possible landmark case.
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Retirees can use £1,500 from their pension pots to pay for financial advice from April, it was announced this afternoon.
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Workers quickly ditch plans to boost pension contributions when their salary goes up, neuroscientists have found.
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