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).
Millions of women are set to receive a substantial pension boost following a landmark court ruling which overturns decades of retirement inequality and unfairness.
A record £2.3 billion has been pulled out of pension pots by savers in just three months, raising fears that the 2015 pension reforms could leave many without enough cash for retirement.
First-time buyers helped to bolster the mortgage market last month, with the number of loans issued to first-time buyers at its highest level in over a year, according to data published by UK Finance.
Five million pensioners stuck with poor value annuities are appealing to Chancellor Philip Hammond to allow them to cash the policies in as part of next month’s budget.
Parents expecting to send their children to university believe it will cost them £17,165 over the length of the average degree course, according to the latest Lloyds Bank Spending Power Report.
