28% of Britons over 50 have no retirement savings in place
6.25 million Britons aged over-50 (28%) have no pension plan in place and look set to rely on just the state pension in retirement, a huge increase on the 1.2 million people who live solely on the state pension today …
What is the open market option?
The open market option is an invaluable option open to you when you retire from a money purchase pension (i.e. a pension that is not linked to your salary).
In the run up to your retirement your pension provider will …
Cost of life assurance to increase for women
It has always been accepted that women generally live longer than men. For years women have been charged lower rates for life cover than men, because statistically they live longer.
The EU gender directive is about to change all that. …
72% of the over 55s unaware that certain medical conditions could entitle them to a higher pension income
- 40% of the over 55s have suffered or currently have high blood pressure
- 33% of the over 55s have or have had high cholesterol with a further 12% requiring treatment for diabetes
All of these conditions could qualify for a …
What are enhanced and impaired annuities?
Enhanced and impaired annuities work in the same way as conventional pension annuities, but are designed to offer a better rate (more income) for people who suffer from certain medical conditions or have a poor health history.
The increase …