All Retirement Stories

Just Retirement and Partnership unveil rebrand

Just Retirement and Partnership unveil rebrand

JRP Group, the company formed by the merger of Just Retirement Group and Partnership Assurance, has unveiled its new overarching brand – Just.

16 Jan 2017

Age Partnership appoints John Malone to boost mortgage growth

Age Partnership appoints John Malone to boost mortgage growth

Age Partnership has appointed John Malone as an ambassador to further develop its proposition and support the growth of the company’s mainstream mortgage operation, which it launched in 2016.

16 Jan 2017

more 2 life adds fixed ERCs to Capital Choice Plan

more 2 life adds fixed ERCs to Capital Choice Plan

more 2 life is adding fixed ERCs to its Capital Choice Plan in addition to the current 10% ERC–free partial repayment option.

13 Jan 2017

Standalone equity release qualification "drastic and illogical": AMI

Standalone equity release qualification "drastic and illogical": AMI

The AMI has described calls for a standalone qualification in equity release "drastic and illogical" stating that it "strongly disagrees" with the proposal.

13 Jan 2017

Just 41% know how much they need in retirement

Just 41% know how much they need in retirement

Half of people aged 55 and over in the UK have no idea when they’ll be able to retire and only 41% know how much they’ll need in their pension pot to afford a comfortable retirement, according to Momentum UK.

12 Jan 2017

Advisers support launch of standalone equity release qualification

Advisers support launch of standalone equity release qualification

In the wake of the FCA announcing a consultation into the merits of a standalone equity release qualification, the idea has found support amongst the adviser community.

12 Jan 2017

Equity release lending up 34% in 2016: ERC

Equity release lending up 34% in 2016: ERC

The Equity Release Council has confirmed that the total value of equity release lending surpassed £2bn for the first time in 2016.

12 Jan 2017

Equity release market breaks through £2bn barrier in 2016

Equity release market breaks through £2bn barrier in 2016

Pensioners withdrew more than £2.1 billion of property wealth last year as the equity release market surged to a new all-time high, according to Key Retirement.

11 Jan 2017

Data sharing standards are key to Pensions Dashboard, says developer

Data sharing standards are key to Pensions Dashboard, says developer

Financial data specialist ITM is urging the pensions industry to cooperate on data sharing standards after becoming one of the six firms chosen as technology development partners for the prototype of the Pension Dashboard.

11 Jan 2017

Low equity release rates spark rise in plan switching

Low equity release rates spark rise in plan switching

Equity release rate cuts are driving increased inquiries about switching plans from existing customers, according to Bower Retirement research.

10 Jan 2017

 

DB pension deficits rise by £90bn in 2016

DB pension deficits rise by £90bn in 2016

The deficit of defined benefit pension funds stood at £560bn at the end of 2016, £90bn higher than a year earlier, according to PwC figures.

09 Jan 2017

Debt worries thwarting traditional retirement plans

Debt worries thwarting traditional retirement plans

Over a fifth of retirees are using the 25% tax-free portion of their pension pot towards debt repayments rather than investing in traditional retirement plans, according to online investment site True Potential Investor.

06 Jan 2017

Key Retirement appoints CFO

Key Retirement appoints CFO

Key Retirement Group has appointed Rob Scott as CFO to further strengthen the executive team as it prepares for further expansion.

06 Jan 2017

Article 50 countdown sparks surge in overseas pension transfers

Article 50 countdown sparks surge in overseas pension transfers

The imminent triggering of Article 50 is helping to drive the current rush to transfer UK final salary pensions into overseas schemes, according to deVere Group, which has seen enquiries rise by 21% since the beginning of December.

05 Jan 2017

Equity Release Club and Later Life Academy set for expansion

Equity Release Club and Later Life Academy set for expansion

Answers in Retirement Ltd, the Group of companies covering a range of retirement and later life services, has today announced expansion plans for its brands following the buy-back of 25% of the business which returns it fully into privately-owned hands.

05 Jan 2017

Most vulnerable pensioners unprotected by triple lock, warns Altmann

Most vulnerable pensioners unprotected by triple lock, warns Altmann

Triple lock has kicked in for 2017/18 as earnings and prices rose by less than 2.5%, but pensioners deserve "proper protection, not just political gimmicks", warns former pensions minister Ros Altmann.

04 Jan 2017

PLSA: halt further increases in State Pension age

PLSA: halt further increases in State Pension age

The Pensions and Lifetime Savings Association has responded to the Independent Review of the State Pension Age calling for no further increase to the age people receive their State Pension.

03 Jan 2017

Industry calls for 'joined-up policy making' in Cridland Review

Industry calls for 'joined-up policy making' in Cridland Review

Ahead of the 31st December deadline for submissions to John Cridland’s consultation into the state pension age, Hargreaves Lansdown has warned of interdepartmental policy conflict between governmental departments.

29 Dec 2016

Over-55s 'majorly concerned' over falling return on savings

Over-55s 'majorly concerned' over falling return on savings

Almost one in four over-55s now view the drop in return on savings as a threat to their financial health – up from 17% in Q2 2016 to the highest point in almost three years.

28 Dec 2016

Holistic approach the only way for retirement finance

Holistic approach the only way for retirement finance

It has become apparent to anyone who takes even a passing interest in later life finance that new ways to fund retirement must be pursued as a matter of urgency. Traditional ways the general population have funded their later life – things like private pensions, savings, investments and the state pension – have grown so slowly over the past few decades that millions of retirees are staring at a retirement beset by financial struggle. Luckily for these same retirees, property is serving as a real financial safety net as one of the few investments that, on average, has performed well over time. And yet, the Government and the wider society still doesn't focus on the power housing wealth can have to help people fund their retirement – but give them time.

22 Dec 2016

DWP to update rules on bulk DC transfers without member consent

DWP to update rules on bulk DC transfers without member consent

The DWP is investigating how how current rules surrounding the bulk transfer of DC pensions without member consent could be improved.

21 Dec 2016

‘Que sera, sera, whatever will be, will be’

‘Que sera, sera, whatever will be, will be’

When I was a child, I can remember hearing Doris Day singing the above song on the radio. 60 years later do the words of the song highlight the engagement issues with defined contribution pension schemes?

21 Dec 2016

Six firms chosen to develop Pensions Dashboard

Six firms chosen to develop Pensions Dashboard

Six firms have been chosen as technology development partners on the first prototype of the Pensions Dashboard.

21 Dec 2016

MPs call for consolidation of DB pensions market

MPs call for consolidation of DB pensions market

The DB pensions landscape is "highly fragmented and ripe for consolidation", according to a new report from the Work and Pensions Committee.

21 Dec 2016

House prices rising twice as fast as pensioner incomes: ERC

House prices rising twice as fast as pensioner incomes: ERC

House prices in England have grown at twice the rate of pensioner households’ disposable incomes over the past 20 years – far exceeding the gains pensioners have seen from other staples of retirement income such as the state pension, investments and occupational pensions.

20 Dec 2016

LV= removes pension exit fees

LV= removes pension exit fees

LV= has announced that it is removing all pension wrapper exit charges from today, allowing customers to switch to another product or provider without incurring a charge.

19 Dec 2016

Rising retiree divorce rates driving equity release

Rising retiree divorce rates driving equity release

Rising divorce rates among the over 55s are increasing sales of equity release, with growing numbers of women applying for plans, according to research from Bower Retirement.

19 Dec 2016

Pension investments end upward trend with Q3 fall

Pension investments end upward trend with Q3 fall

Pension investments in the third quarter dropped for the first time this year, down by £0.38 billion, according to data from Equifax Touchstone.

16 Dec 2016

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