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Retirement income almost 40% less than working wage for new pensioners
HMRC data show average UK income falls, from £19,000 in work to state and private pension pot worth just £11,600UK workers can expect to see their incomes plummet by more than a third when they reach...
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Self-employed suffer £90,000 pensions shortfall
Self-employed workers without access to a company pension scheme miss out on employer pension contributions of £2,232 a year, a survey showsSelf-employed people are missing out on a pension boost of...
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Mortgages, savings, pensions: is it all change for interest rates?
We look at whether interest rate movements behind the scenes are good or bad news for savers, those retiring, and people looking for a mortgageThe Bank of England base rate has been stuck at 0.5% for...
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Annuity rates knocked back again
Mark Carney's announcement on interest rates delivers blow for pension savers who were holding breath for annuity risePension savers approaching retirement have been dealt a blow as hopes of rising...
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Pension savers urged to bide time before buying annuity
As global economic conditions improve, those approaching retirement are advised not to make hasty decisionsPension savers near retirement are being urged to consider putting the brakes on committing...
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Annuity payouts are a postcode health lottery
We look at the frightening figures that reveal where you live determines how much your retirement income will beMove north if you want a better pension. Someone retiring to Blackpool will receive 6%...
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What does Mark Carney's interest rate announcement mean for me?
We look at the implications for mortgages, savings and annuities of news that interest rates will remain at a record lowInterest rates look set to remain at record lows for another three years after...
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Homebuyers given a green light – but who will save the savers?
Bank of England decision to tie interest rates to unemployment will continue to punish savers and retireesThe message is clear: savers can go hang. New Bank of England governor Mark Carney is going to...
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Record numbers plan to fund retirement by selling property
Nearly five million homeowners say they will sell or rent their main property, as annuity rates slump to new lowRecord numbers of people are planning to sell their main home to fund their retirement,...
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Annuity rates made public for first time
Move gives thousands of pensioners the chance to compare rates and highlights huge disparity in the industryInsurers are from Wednesday making public the rates they pay on annuities in a move that...
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Worst UK pension providers named
Scottish Widows, Clerical Medical and Royal & Sun Alliance among worst value annuity providers, according to ABI dataBritain's worst pension providers have been named for the first time in official...
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Pensions: the good, bad and ugly
Many people buy an annuity that pays out less than they have contributed over a lifetime of saving – but shopping around can dramatically increase your pension incomeIt is one of the biggest financial...
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We knew annuities were bad – but this is dismal
Retirees buying shabby annuities are being pushed into the arms of insurers by the governmentWe knew annuities were bad. But we didn't know they were this bad. The Association of British Insurers,...
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Pensions system not fit for 21st century, says former government adviser
Ros Altmann says savers are taking the biggest gamble of their lives with the current annuity systemMillions of workers will be exposed to "risky", hard-to-understand and outdated retirement saving...
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Partnership Assurance and Just Retirement shares fall on outlook fears
Partnership loses more than 20% of value after warning it does not expect to see sales growth in the last three months of 2013Shares in specialist annuity providers Partnership Assurance and Just...
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Partnership Assurance has found regulatory weather squally
Cinven-supported provider of 'non-standard' annuities warns it will see no growth in sales in fourth quarter of this yearJust when you thought it was safe to back any old flotation, along comes...
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Annuity market 'needs urgent reform' to ensure pensioners aren't exploited
Financial Services Consumer Panel says reforms needed to ensure pensioners aren't losing out through "exploitative" pricingMillions of older people may be losing out because of potentially exploitative...
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Buying an annuity: top tips for retirees
Amid official warnings that the annuity industry is 'dysfunctional', we look at how best to maximise your retirement incomeMillions of older people are losing out heavily when they come to buy a...
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Proposal to allow switching of annuities angers British pensions industry
Pensions minister Steve Webb plans to allow pensioners to break annuity contract and switch to another providerGovernment proposals to allow retired workers trapped in poor-paying pensions to switch to...
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A new approach to annuities: how to maximise retirement income
Annuity returns have more than halved in two decades, so the need to squeeze the most out of your pension pot is paramountCalls to end the "pensions rip-off" are getting louder, as campaigners ramp up...
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