All Retirement Stories

Where do pensioners have the best quality of life?

Where do pensioners have the best quality of life?

West Sussex is the county where pensioners have the highest quality of life, according to analysis carried out by Prudential.

18 Aug 2017

Royal London intermediary pension sales soar 64%

Royal London intermediary pension sales soar 64%

Royal London has reported a 45% increase in total new life and pensions business to over £bn between H1 2016 and 2017, driven by a surge in intermediary business.

17 Aug 2017

500 sign up to CII's pension transfers qualification in first week

500 sign up to CII's pension transfers qualification in first week

Over 500 personal finance professionals have signed up to the Chartered Insurance Institute’s pension transfers qualification in the first week of its launch, following FCA proposals to tighten the advice requirements for the transfer of safeguarded benefits.

15 Aug 2017

Shawbrook launches 55 Plus product with Equity Release Supermarket

Shawbrook launches 55 Plus product with Equity Release Supermarket

Shawbrook Bank's 55 Plus interest-only mortgage will now be available via Equity Release Supermarket's retirement mortgage comparison service.

15 Aug 2017

Equity release helping 13 first-time buyers a week

Equity release helping 13 first-time buyers a week

In the first half of 2017, 13 first-time buyers were helped onto the housing ladder every week by relatives who released equity from their homes, according to Retirement Advantage research.

15 Aug 2017

Unrealistic sellers struggling to downsize

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Unrealistic sellers struggling to downsize

New research for equity release referral service Key Partnerships has revealed a surge in inquiries from customers looking to raise cash by downsizing - however, unrealistic sellers are struggling to find homes.

10 Aug 2017

L&G becomes biggest lifetime mortgage provider in H1

L&G becomes biggest lifetime mortgage provider in H1

Legal & General Home Finance was the largest provider of lifetime mortgages in H1 2017, achieving a market share of 30% across the first six months of the year, according to its H1 results released today.

09 Aug 2017

PLSA elects new council chairs

PLSA elects new council chairs

The Pensions and Lifetime Savings Association has elected new chairs for its Defined Benefit and Defined Contribution Councils.

09 Aug 2017

Positive Lending launches Hodge Lifetime's 55 Plus mortgage

Positive Lending launches Hodge Lifetime's 55 Plus mortgage

Positive Lending has today added Hodge Lifetime to its lender panel as part of its 'new lender a day for a week' campaign.

09 Aug 2017

Private pension incomes soar but inequality widening: ONS

Private pension incomes soar but inequality widening: ONS

For the 79% of retired households with private pensions income in 2016, their disposable income on average was 1.6 times higher than those without private pensions income, ONS analysis shows.

08 Aug 2017

 

Are experts destroying trust in pension advisers?

Are experts destroying trust in pension advisers?

Many pension experts are "helping to destroy trust in pensions" as scrutiny intensifies on advisers dealing with pension transfers, according to Simon Chrystal, CEO of UK Workplace Solutions.

08 Aug 2017

Positive adds Marsden’s older borrower range to panel

Positive adds Marsden’s older borrower range to panel

Positive Lending has added Marsden Building Society’s older borrower products to its lending portfolio as part of its 'new lender a day for a week' campaign.

08 Aug 2017

Retiree housing wealth rises 1.4% to over £370bn

Retiree housing wealth rises 1.4% to over £370bn

Total housing wealth available to over-55s in the UK through equity release rose to over £372 billion in the second quarter of 2017, Retirement Advantage data shows.

07 Aug 2017

Key Retirement confirms £208m acquisition

Key Retirement confirms £208m acquisition

Key Retirement Group has announced the completion of its £208 million acquisition by funds managed and/or advised by Partners Group from Phoenix Equity Partners, following regulatory approval of the transaction.

04 Aug 2017

Scottish Friendly launches plan to correct Lifetime ISA 'flaws'

Scottish Friendly launches plan to correct Lifetime ISA 'flaws'

Scottish Friendly has outlined a series of recommendations to enhance the Lifetime ISA, calling on the Government to reform the product to ensure it serves its dual purpose of helping young people to save for retirement or to buy their own home.

04 Aug 2017

Emotional ties prevent 87% from downsizing

Emotional ties prevent 87% from downsizing

The single biggest barrier to retirees downsizing is emotional ties to their family home, according to more 2 life research.

03 Aug 2017

Leading the horse to water

Leading the horse to water

According to recent surveys more than 50% of those who are close to retirement have no intention of engaging a financial adviser. The reasons are various but often include, “too expensive”, “lack of trust” and “not sure what an adviser does”.

02 Aug 2017

Rising state pension age leaves 1.1m women worse off: IFS

Rising state pension age leaves 1.1m women worse off: IFS

1.1 million fewer women are receiving a state pension and government is providing £4.2 billion less through state pensions and other benefits since the state pension age for women rose from 60 to 63, according to a new report from the Institute for Fiscal Studies.

02 Aug 2017

Key Partnerships launches new introducer portal

Key Partnerships launches new introducer portal

Equity release referral service Key Partnerships has launched an online portal as part of an enhanced digital offering for advisers.

01 Aug 2017

Later Life Academy launches campaign to boost adviser numbers

Later Life Academy launches campaign to boost adviser numbers

The Later Life Academy has launched a new ‘Strength in Numbers’ campaign in order to boost the number of advisers within its membership.

01 Aug 2017

Should partial transfers be a mandatory part of DB advice?

Should partial transfers be a mandatory part of DB advice?

Standard Life are calling for the partial transfer option to be made a mandatory requirement in the FCA's upcoming Defined Benefit regulations.

01 Aug 2017

320,000 to pay off mortgage with pension cash

320,000 to pay off mortgage with pension cash

Around 320,000 homeowners aged 51-65 are planning to use money from their pensions to pay off their home loans, according to Just research.

31 Jul 2017

Lenders, brokers, regulators – we all need to make later life borrowing mainstream

Lenders, brokers, regulators – we all need to make later life borrowing mainstream

The CML (now UK Finance) was right in its assessment of older borrowers and borrowing in later life – a new mind set is needed. The decline of defined benefit pension schemes, rising property prices and longer life expectancy has changed what later life means and the way we look at retirement.

28 Jul 2017

Quarterly equity release lending tops £700m for first time

Quarterly equity release lending tops £700m for first time

Over-55s withdrew a total of £701 million from their homes in Q2 - the highest figure in any single quarter since The Equity Release Council started recording quarterly activity in 2002.

27 Jul 2017

Pension withdrawals hit post-freedom high

Pension withdrawals hit post-freedom high

Pension withdrawals are continuing to rise with 200,000 individuals taking £1.86 billion from their funds in Q2 - the highest quarterly figure since the pension freedoms were introduced in 2015, HMRC data shows.

26 Jul 2017

Shawbrook partners with AToM to offer 55 Plus product

Shawbrook partners with AToM to offer 55 Plus product

Shawbrook Bank has partnered with AToM to provide a packaging service for its 55 Plus Interest-Only Mortgage.

26 Jul 2017

SimplyBiz launches new DB pension transfer bureau

SimplyBiz launches new DB pension transfer bureau

The SimplyBiz Group has launched a new DB pension transfer bureau in partnership with Creative Wealth Management.

25 Jul 2017

FCA issues new data requirement rules for pension providers

FCA issues new data requirement rules for pension providers

The FCA has published its final rules requiring providers of pensions, annuities and income drawdown to complete two new regulatory returns.

24 Jul 2017

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