The average household is £31,546 short in their savings of the amount needed to give them a moderate standard of living in retirement, four times higher than five years ago.
The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.
One in five (19%) people don’t know much they and their employer is contributing to their pension.
Most retired people have numerous regrets when it comes to retirement planning, including failing to put a plan together early enough in life.
After several delays, platform and major SIPP provider Hargreaves Lansdown (HL) has today accepted a £5.4bn private-equity backed consortium offer for the company.
The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.
Nine in ten SIPP millionaires investing with Hargreaves Lansdown are men, according to new research from the firm.
Fewer people are cutting pension or SIPP contributions as the cost-of-living crisis eases, according to new data.
There was a last-minute surge of activity from SIPP investors at the end of the tax year as they used the week after the Easter bank holiday to max their annual allowances.
A report this morning from Hargreaves Lansdown found that the pension gender gap continues to grow.