With pensions and retirement provisions continuing to make headlines and further changes predicted in this year’s Budget, unbiased.co.uk reveals that the majority of Brits (65 per cent) continue to rely on the state pension to provide them with an income in retirement and only four per cent expect NEST to form part of their pension [...]
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Multiple pension pots confusing workers
Britain’s workers are struggling to manage their pensions savings because they are scattered across numerous employers in small workplace pension pots, new research from Aviva shows. Almost half (49 per cent) of workers surveyed said they had multiple pots, with one in two (58 per cent) unclear of the overall value of their pension savings, [...]
The Personal Finance Awards winners announced
The winners of the Personal Finance Awards 2011/12 have been announced at a London reception. Nationwide Building Society won best overall personal finance product provider, while there were also multiple wins for Natwest, Aviva and Halifax. The winners were decided based on a poll of readers of The Money Pages and What Mortgage websites, followed [...]
Victory For Pension Savers As Government Confirms Personal Accounts Contribution Caps
The Government has confirmed that it will ensure there are strict limits on the contributions that people can pay into personal accounts pensions, due to begin operating in 2012.
Britons are most likely to turn to friends and family for financial advice – but those who use independent advice recommend it
- 43% of people look to friends or family for help with decisions about their finances
- 95% of people who have visited an IFA feel they have benefited from the experience
More than a third will put their retirement dreams on hold in 2011
- Two fifths of those delaying retirement believe they will be at least 70 before they can afford to retire
- Those who have delayed plans to retire because they cannot afford to wanted to retire aged 62, but will now work until they are 68
Britons spending £10,339 a year supporting others
- Over 15 million adults in Britain financially provide for others…
- …costing on average two fifths (39%) of their salary
- Less than half (45%) of those who help others financially have life cover in place
Women fail to financially protect themselves
- Over 21 million do not hold a critical illness policy
- 53 per cent say that protection products are an added expense they cannot afford
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