Tasting the Freedoms: savers have spent the money or held it in cash The Pensions and Lifetime Savings Association has published its latest wave of research on patterns in retirement following the reforms. Of those adults aged 55-70 surveyed, the majority, 63%, had started to look at how they would take their pension, and 23 per cent had done nothing. Of those that accessed their pension, 18 percent spent…
The Week in Numbers £15bn – Potential annual cost of maintaining the state pension triple-lock, according to the institute for fiscal studies 47% – Size for the stake in Tenet owned by the enlarged Aviva/Friends Life Group. Money Marketing reveals this week that Aviva is considering selling its stake in the network. 37% – Drop in annuity sales seen by Just Retirement in Q1 56 – number of seats…
“Just Retirement Offers Simplified Advice Service” aiming to provide a service for individuals who need advice on their retirement planning but have smaller pension pots. They will provide a telephone based advisory service which will include offering clients personal recommendations such as whether to keep their funds invested, take a lump sum or generate an income. According to Just Retirement Director, Stephen Lowe, the service is aimed individuals with…
