Despite the fact that the government has been trying to encourage people to save for their retirement through initiatives such as auto-enrolment, there are still too many Britons who have no pension savings at all. Research reveals that a fifth (20%) of people still have no pension savings at all, and people nearing retirement aren’t doing much better..
Choosing what to do with your pension is a big decision. If you’ve been saving into a defined contribution pension (sometimes called ‘money purchase’) during your working life, from age 55 (age 57 in 2028) you need to decide what to do with the money you’ve saved towards your pension when you eventually decide to retire.
One of the biggest mistakes you can make is not saving enough for your retirement. This can leave you struggling to make ends meet in your later years, and may even force you to rely on others for financial support. It’s never too early to start saving, and the sooner you start, the better off you’ll be...
When you are off work due to an illness or injury, worries about how you are going to pay your bills can make an already stressful situation worse. So much so, that many people are finding themselves in the very difficult position of having to put the need to earn money over their health by continuing to go to work, even when advised not to by a doctor...
When is the right time to retire? There’s no one-size-fits-all answer to this question – it depends on your personal circumstances. However, there are a few things to consider that may help you decide when the right time for you is...
As you approach the last five years before your retirement, there will be a lot of things to consider. You’ll need to think about your finances, your health, your housing situation, and your plans for the future to live comfortably in retirement...
Retirement planning can be complex at the best of times so it is easy to understand how some people can find it daunting to take into account factors like inflation. The reality is that inflation hurts everyone, but it can be especially harmful to retirees...
Almost two-thirds (64%) of UK pension holders say that didn’t know their pension could be invested in ways to help fight climate change. One in six (17%) of UK pension holders currently invest their pension responsibly...
The Department for Work and Pensions (DWP) underpaid 134,000 pensioners in State Pension to the tune of £1 billion, according to the National Audit Office (NAO)...
Changed job? Moved house? It’s not always easy to keep track of a pension, especially if you’ve been in more than one scheme or have changed employers throughout your career. Over time, pension schemes close, merge or become renamed.
GAP-GNX Ltd is the legal entity sitting behind Pensions Advice UK.
It is important to get professional financial advice that can add significant value to individuals, and considerably enhance their retirement plans. Whilst focusing on retirement, our authorised network of advisers provide a full range of financial solutions to both individuals and businesses alike.
Our chosen advisers are at the heart of our business, and they are committed to delivering an excellent customer experience. We believe, by putting you in touch with them, you have the right to expect value for money and excellent customer service.
Pension Advice UK only uses only the very best, qualified pension advisers with many years of experience in helping clients achieve their financial goals.
We only put you in touch with firms and advisers who are authorised and regulated by the Financial Conduct Authority and who have the experience to provide high quality advice.
Pensions Advice UK Does not provide pension advice or advice about any other types of investment. Any information on our web site is provided for guidance purposes only.
Registered as a Limited Company in England and Wales – Company No. 12013134.
GAP-GNX Ltd, The Glades, Festival Way, Festival Park,
Stoke on Trent, Staffordshire ST1 5SQ.
© 2021 ALL RIGHTS RESERVED
© 2021 ALL RIGHTS RESERVED
