New data from Quilter shows that the number of people who opted out of the NHS pension scheme increased by nearly 10,000 in the 2019/20 tax year to 50,399 people.
Fast-growing fintech Plum is expanding into retirement savings with the launch of its first-ever pension product. The subscription-free Plum SIPP, or self-invested personal pension, is designed to get 'a new generation engaged with their lifetime finances'.
Young people that fail to save into a pension because of the Covid crisis could miss out on thousands in savings by retirement age
Purely Pensions, a specialist in pension advice, complex retirement planning and defined benefit transfer advice, has uncovered that many young people starting work in the wake of the crisis who may have chosen not to begin saving towards their pension, could miss out on tens of thousands in savings by the time they reach retirement age.
New research from Canada Life has revealed that UK adults are still not engaging with their pension, despite many saying they have paid closer attention to their finances since the global pandemic began.
The average expected annual income of those retiring in the UK this year is GBP21,663 according to new research from independent equity release adviser Key.
The Co-op has announced a partnership with sustainable pensions campaign, Make My Money Matter, as part of a 10-point plan to achieve net zero by 2040.
Make My Money Matter, a people-powered campaign founded by acclaimed filmmaker Richard Curtis, and Count Us In, a growing global movement of people, organisations and platforms taking practical action on climate change, have launched a Green Pensions Charter.
The Pensions and Lifetime Savings Association (PLSA) has commented on the Government’s intention to extend the Taskforce for Climate Related Financial Disclosures.
A recent Scottish Widows study has found that around 90 per cent of 11 to 18-year-olds believe they should be taught about pensions at school to help them in the future.
Higher rate taxpayers could gain GBP18,500 on Child Benefit payments and leave themselves GBP120,000 better off in retirement
Analysis from Quilter reveals that parents earning between GBP50k and GBP60k a year could gain as much as GBP18,500 in Child Benefit payments by increasing their pension contributions while also leaving them GBP120,000 better off in retirement.