State Pension: Thousands get just £7 per week

New figures from the Department for Work & Pensions (DWP) have highlighted the huge gap between the highest and lowest State Pensions. The figures show that approximately 130,000 people get less than £7 per week, with around the same number of people getting more that £230 per week, a gap of more than £220 and equivalent to more than £10,000 per year. Experts believe it is generally men who get the higher State Pensions with women typically getting less. Need financial advice ...

Pensions: Women saving less than men

New research has shown that women are saving less than men for their retirement. The study by the Halifax found that over the past year the gap between what men and women save for retirement has widened. The amount men save for when they finish work has actually risen during the last 12 months to 10.2% of their income, up from 9.7%. At the same time the percentage of their wages which women save has fallen from 8.8% to 7.5%. According to the Halifax 49% of men are making adequate provision for retirement, compared to 42% of women....

Retirement: Pensioners fail to claim state benefits

New research has shown that many pensioners are losing out by not claiming benefits to which they are entitled. The figures from Annuity provider, Just Retirement, show that around 2.5 million pensioners are failing to claim benefits such as winter fuel payments, free bus passes, and council tax credits often because they are not aware that they qualify. Just Retirement believe that 20% of all pensioners are failing to claim any state benefits whatsoever and are therefore losing as much as £872 each year....