Pensions - Today's Wills and Probate

Grieving Woman Wins Right To Deceased Partner’s RAF Pension

An unmarried woman, forced to put her grief on hold whilst she fought for her rights to her partner’s military pension, has won a landmark case against the Royal Air Force (RAF). Jane Langford had been in an exclusive and financially dependent relationship with her partner, Air Commodore Christopher Green, for over fifteen years when […]

Millions Of Unsuspecting Estates On Brink Of Inheritance Tax Threshold

Following a decade of consistently rising house prices and favourable pension schemes, around 1 million people aged over 60-years are teetering on the precipice of an Inheritance Tax (IHT) black hole. Unbeknown to the estate owners, increasing equity in property has left a mass of people on the brink of IHT liabilities. Whilst the government […]

Pensioners Paying £4 Billion More In Tax Contributions Than Originally Thought

The Government have been accused of ‘sneaking out’ statistics highlighting that the government coffers have siphoned off £4 billion more in income tax from desperately needed pension pots than was originally thought. According to the Personal Pension Statistics, published by the Office for National Statistics earlier this week, tax on private pensions increased to £18.4 […]

Majority Of Population Unprepared To Finance Retirement

The majority of the population remain naive about how much money they will need to live on when they retire. According to recent research, from Equity Release Supermarket, of over 4,000 people aged over 40-years-old, 80% of the respondents under the age of 60 were oblivious to how much money they would need to live […]

Over-40s are underestimating State Pension amount

Seven in ten over-40s are underestimating the full State Pension amount by around £1,460 a year. That’s according to research from specialist UK financial services group Just Group. Sharing its latest findings, Just Group claims that around 25% of over-40s believe that the 2017/18 UK State Pension is around £6,000-£6,288. However, in reality, it is […]

Government urged to kick-start next great pensions revolution

Collective defined contribution (CDC) schemes could signal a new era for the welfare state, and “transform the UK private pensions landscape” according to the Work and Pensions Committee’s latest report. The findings come following a ground-breaking agreement between Royal Mail and the Communication Workers Union earlier this year. This deal saw the two parties agree […]

Research indicates retirees risk outliving their pension

According to research by the Pensions Policy Institute, more than a quarter (28%) of retirees face decisions that could see them outlive their pension pot. This worrying news highlights that more needs to be done to raise awareness of the importance of appropriate retirement planning.

Advice to protect consumers following pension cold call ban delay

Last month, the Government announced that the pension cold calling ban would be delayed until later this year.

Could retirement income targets improve later life planning?

An influential trade body has said government and pension providers should develop national retirement income target to help people save for later life.

Lack of consumer awareness on pension freedoms biggest concern for advisers

New research has revealed that a lack of consumer understanding around pension freedoms is one of the most significant concerns facing advisers.

Pensions provider issues warning on cost of multiple pension pots

A pensions provider has warned that the repercussions resulting from multiple pension pots are being ignored by the Government.

Research suggests gender pension gap could be solved with £35 monthly fee

New research suggests that a monthly payment of just £35 could solve the gender pension gap. According to Fidelity International, women who contribute into a pension in line with the government’s auto-enrolment recommendations may still be left with a pot that’s smaller than their male counterparts.