Tag Archives: pension

One in five people with multiple pensions has lost track of their savings, new research has found. According to Aegon, more than 6.6 million people may have misplaced some of their retirement savings as a result of having more than one pension. Many people have diverse careers often involving multiple …

More than a quarter (26 per cent) of people facing retirement in the country do not know how much money they have got in their pension pots, new research from Retirement Advantage shows. Those that can estimate on average believe that they have a pension pot worth just over £110,000. However, …

A new study has found that nine in 10 people (88%) are missing common warning signs of a pensions scam such as unusually high investment returns, cold calling and offers of free financial advice, despite feeling confident they can spot a fraudster’s tricks. According Citizens Advice, three quarters of people …

MPs have called for the triple-lock on state pensions to be scrapped for being “inherently unstable”. According to a new report by the Work and Pensions Committee, the state pension triple-lock – which protects annual increases in the state pension – will worsen an economy already heavily “skewed” towards baby …

People over the age of 55 looking to withdraw their pensions will pay a maximum of 1% from next year. The Financial Conduct Authority said it is capping early exit charges on personal pensions at 1% from the 1  March 2017. Early exit charges that are currently set at less than …

A new survey has revealed that savers unhappy that they invested in drawdown and others that did not understand the risk could be jeopardising pension freedoms. Research from MetLife found that of savers who have taken out conventional drawdown, more than one in five (21%) admit they did not understand …