All Retirement Stories

Lighthouse Group joins Equity Release Council as first network member

Lighthouse Group joins Equity Release Council as first network member

The Equity Release Council has announced that Lighthouse Group has, through Lighthouse Advisory Services Limited, joined The Equity Release Council as its first financial services Network organisation member.

29 Mar 2017

Advisers forecast surge in DB transfer enquiries

Advisers forecast surge in DB transfer enquiries

65% of financial advisers expect client enquiries about transfers from DB to DC pension schemes to increase over the next 12 months, with almost a fifth (19%) expecting a “significant” increase.

28 Mar 2017

Number of mothers missing out on state pension rights doubles

Number of mothers missing out on state pension rights doubles

New HMRC figures show a doubling in the number of mothers missing out on pension rights because of a change in the rules on child benefit.

27 Mar 2017

Age Partnership launches app for its business partners

Age Partnership launches app for its business partners

Age Partnership has launched a new app, iRefer, for its business partners which will give them the ability to refer clients whilst on the move.

24 Mar 2017

Scrap pensions 'triple lock', says Cridland report

Scrap pensions 'triple lock', says Cridland report

The state pension age should be pushed back a year to 68 to cut the UK’s £100bn a year pension costs and scrap the 'triple lock', according to an independent review by John Cridland which was commissioned by the government.

23 Mar 2017

Over-65s property wealth at new high

Over-65s property wealth at new high

New analysis from Key Retirement has highlighted that over-65 homeowners’ property wealth has hit a new record of £1.072tr.

22 Mar 2017

Key focuses on later life lending at FSE Glasgow

Key focuses on later life lending at FSE Glasgow

Key Retirement Group is focusing on later life lending opportunities for mortgage brokers as it extends its support for advisers at Financial Services Expo.

21 Mar 2017

Is Hammond is letting pension scammers off the hook with QROPS tax?

Is Hammond is letting pension scammers off the hook with QROPS tax?

A pensions campaign group has warned that Philip Hammond is "letting pension scammers off the hook" by targeting legitimate firms with bona fide, compliant products.

20 Mar 2017

Over 55s risk falling prey to inheritance ‘sibling tax trap’

Over 55s risk falling prey to inheritance ‘sibling tax trap’

More than 1.7million over 55s could miss out on the upcoming increased nil-rate inheritance tax band (the Family Home Allowance) because they've assigned their sibling to inherit their family home and not a direct descendant, according to the latest research from LV= Legal Services.

18 Mar 2017

Retirement lending: the future looks bright

Retirement lending: the future looks bright

Retirement lending has experienced an overwhelming rise in popularity, with more and more older people turning to their properties to fund their life ‘after work’. Whether homeowners are planning to pay for home improvements, holidays or helping family members with a deposit to get on the property ladder, there are now a variety of good-value retirement lending solutions including lifetime mortgages and other products on the market to help fit their needs.

17 Mar 2017

 

Lifetime mortgages become fastest growing product

Lifetime mortgages become fastest growing product

A record-breaking year for equity release in 2016 saw lifetime mortgages become the fastest growing segment of the mortgage market in terms of customer numbers, according Equity Release Council data.

17 Mar 2017

Equity release lending kicks off 2017 with 70% growth

Equity release lending kicks off 2017 with 70% growth

In the first two months of 2017, Responsible Equity Release has seen a 70% rise in new equity release plans compared to the same period in 2016, with 52% more homeowners releasing equity from their homes.

15 Mar 2017

Shawbrook launches over-55s interest-only range

Shawbrook launches over-55s interest-only range

Shawbrook Bank has announced the launch of its 55 Plus interest only mortgage, aimed at those who are nearing the end of their existing interest-only arrangement, but have an outstanding balance.

15 Mar 2017

Helping Jessie (and those like her)

Helping Jessie (and those like her)

I recently had a conversation with Jessie. She is in her late fifties and works as a specialist nurse in a GP Practice. Despite being in a well paid secure job, Jessie has a problem.

14 Mar 2017

Prudential sets aside £175m for annuity sales review

Prudential sets aside £175m for annuity sales review

Prudential has set aside a £175 million provision to cover the cost of a review into past non-advised annuity sales practices and related potential redress.

14 Mar 2017

One in five expect to retire with just £2,500

One in five expect to retire with just £2,500

One in five Brits (18%) expect to have less than £2,500 in cash savings when they retire, according to Nationwide research.

14 Mar 2017

In the Spotlight with Steve Ellis, Legal & General Home Finance

In the Spotlight with Steve Ellis, Legal & General Home Finance

We spoke to Steve Ellis, Managing Director at Legal & General Home Finance, about the need for holistic retirement advice planning and the changing face of equity release.

10 Mar 2017

FCA to reform DB transfer redress calculations

FCA to reform DB transfer redress calculations

The FCA plans to update the methodology used to calculate redress owed to consumers who were given unsuitable advice to transfer out of a defined benefit pension scheme.

10 Mar 2017

46% think buying property is best way to save for retirement

46% think buying property is best way to save for retirement

46% of adults thought buying property would be the best way of making money for their retirement in 2014-16, according to the Wealth and Assets Survey carried out by the Office for National Statistics.

09 Mar 2017

Age Partnership to support YBS interest-only clients

Age Partnership to support YBS interest-only clients

Yorkshire Building Society has linked up with Age Partnership to offer support to its interest-only maturity clients.

09 Mar 2017

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Royal London says that the state pension boost which many self-employed people have received under recent reforms is "significantly greater" than the amount which the self-employed will lose through new National Insurance Contributions changes.

09 Mar 2017

2 in 3 advisers believe Brexit & DB transfer rush will boost drawdown

2 in 3 advisers believe Brexit & DB transfer rush will boost drawdown

The Brexit process and growth in the final salary transfer market will be the key drivers in increased demand for guaranteed drawdown solutions over the next two years, new research from MetLife shows.

07 Mar 2017

New report claims that over 40s have no idea of the cost of retirement

New report claims that over 40s have no idea of the cost of retirement

The latest research from Saga Investment Services has revealed that despite the Government’s pension freedoms giving us more control over our money in retirement, 40% of people over 40 have no idea of the cost of even a basic lifestyle in retirement.

06 Mar 2017

Over half of women haven't started saving for retirement

Over half of women haven't started saving for retirement

Research conducted by YouGov on behalf of digital investment manager, Scalable Capital, in the UK and in Germany, has revealed that not having enough money to fund a comfortable retirement was the main financial concern for over two fifths (44%) of both men and women in the UK.

06 Mar 2017

79% rise in individuals breaching annual allowance limits - HMRC

79% rise in individuals breaching annual allowance limits - HMRC

A Freedom of Information request tabled by Royal London has found that the number of people reporting that they had breached the annual allowance limit for pension tax relief rose by 79% between 2012/13 and 2014/15, the latest year for which figures are available.

06 Mar 2017

The smart money can be in equity release

The smart money can be in equity release

Equity release has evolved greatly over the last 10 years, and today's modern market is dominated by choice for consumers and increasing flexibility throughout the products on offer.

03 Mar 2017

Government plans to fund charities with dormant financial assets

Government plans to fund charities with dormant financial assets

The Association of British Insurers has today welcomed the independent Dormant Assets Commission’s recommendation to use unclaimed assets in the life and long term savings industry to fund charitable causes.

03 Mar 2017

Government drops NEST retirement product plans

Government drops NEST retirement product plans

The government has decided not to provide retirement income products through The National Employment Savings Trust, but says it will reconsider its stance if the retirement market doesn't innovate.

02 Mar 2017

Latest Money Careers

Popular this week

Buy-to-Let Roadshow
April 2017

18th-21st April

4 days
7 specialists
4 locations
Free to attend

Click here to register now