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Personal Finance

One in three ‘could struggle to achieve minimum living standards in retirement’

Around one in three (35%) people could struggle to make ends meet in retirement, according to a report. The average man is on track to receive £19,000 a year in retirement income per year, compared with £12,000 for the average woman, the report ...

28 Jun 2023 at 00:01

Personal Finance

Annual cost of moderate retirement up £8,000 amid rising living costs – research

The annual cost of having a moderate income in retirement has jumped by £8,000, amid rising living costs and expectations that grandparents will be playing a role in supporting other family members, according to a pensions industry body. The ...

07 Feb 2024 at 00:01

Personal Finance

Government as committed as ever to pensions dashboards, says minister

The Government remains “as committed as ever” to making pensions dashboards, which will enable people to see all their pots in one place, a reality, pensions minister Laura Trott has said. The Government previously said more time is needed ...

08 Jun 2023 at 11:49

Personal Finance

One in three people ‘feel financially worse off than a year ago’

A third (34%) of people surveyed in September reported being financially worse off than 12 months earlier. Just over a quarter (27%) have seen an improvement in their financial position in the last 12 months, while two-fifths (39%) said ...

14 Oct 2024 at 10:39

Personal Finance

39% of people ‘not on track to afford even a minimum lifestyle when they retire’

Nearly two in five (39%) people are at risk of being unable to cover even their basic needs in retirement, according to a report from Scottish Widows. The projected outcome has worsened compared with 2023, when just over a third (35%) ...

07 May 2025 at 00:01

Personal Finance

£31.1bn sitting unclaimed in ‘lost’ pension pots – research

Some £31.1 billion is estimated to be lying in unclaimed, inactive or lost pension pots. Around 3.29 million pension pots are now considered lost, containing an average sum of £9,468.93, according to the analysis by research charity ...

24 Oct 2024 at 00:01

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