News

As of 9th January 2019, companies that make unsolicited phone calls concerning peoples’ pensions may face enforcement action, including fines of up to £500,000.

A quarter of a million NHS staff has decided to opt out of their pension scheme due to growing fears that they cannot afford to pay into it. This figure is five times higher than that recorded by any other public pension fund.

According to recent data released from UK Finance, remortgage approvals were 20.3 per cent lower than the same month in 2017.

Over 156,000 pensioners using invest-and-drawdown do not have a buffer of cash to rely on should the markets drop.

The Financial Conduct Authority (FCA) has stated they are disappointed in how mortgage lenders are treating those vulnerable borrowers in arrears and reported on the key issues.

Between August and October 2018, over 173,000 people visited the Financial Conduct Authority’s (FCA) ScamSmart site – an average of 3,145 people each day, or one person every 27 seconds. This figure has increased five-fold (462%) from before the launch of the joint campaign by the FCA and The Pension Regulator…

Ten per cent of people planning to retire this year expect to cash in their entire pension savings as a single lump sum, according to a recent study from Prudential, risking their future retirement income.

Millennials appear to be prioritising following the homeownership dream, potentially risking a lower income during retirement in exchange, according to recent research from Prudential.

An estimated £20bn worth of lost and forgotten pension pots currently wait to be reunited with their owners, with many worth thousands of pounds according to recent research from Pensions Policy Institute (PPI).