Retirement: Women £6,500 worse off than men each year

PrudentialA new report has shown how the gender pay gap extends into retirement, with women enjoying considerably lower incomes than men. The research, carried out by Prudential, found that women are on average £6,500 per year worse off than men. To compound the problem the Prudential also found that women retiring in 2013 will have the lowest income since 2008. The Prudential survey, which is produced annually, found that women have average incomes of £11,750 per year, made up from a combination of ...

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....

Retirement: Over 6 million people to receive less than the minimum wage in retirement

A new report has shown that 6.25 million people, aged over 50, will retire with the State Pension as their only form of income. The State of Retirement report from pension provider LV= (Liverpool Victoria) clearly demonstrates the lack of provision many people have made for their retirement. Below the minimum wage Our advisers can help you make the right decision...

State Pensions: Flat rate moves close but retirement date moves further away

Yesterday’s Queen’s Speech bought a flat rate State Pension a step closer whilst outlining measures to push back the age at which it will be paid. Flat rate State Pension A flat rate State Pension was trailed by the Chancellor George Osborne in his last budget, but it now appears that the government will bring forward legislation to make it a reality. Our advisers can help you make the right decision...