Later State pension may mean income gap for many workers

The Government plans to postpone the age at which employees get their State pension. But labour force participation by the over-65s is only about 9%, and firms have been slow to react to the change, writes FIONA REDDAN

55pc pension cut for drawdown investors

Some pensioners face sudden falls of up to 55pc in their income because they decided not to buy an annuity when they cashed in their pension pot.

The pension income tax credit: are you getting it?

For those over the age of 65, this can be a very real concern

UK pension savings lowest in at least eight years

Number of people saving adequately has dropped by five percentage points since last year, according to Scottish Widows UK pension savings have hit their lowest level in at least eight years, with only 46% of people saving enough for their retirement, according to research. The pension provider Scottish Widows said the number of people saving adequately, defined as putting by at least 12% of ...

A new pension scheme is in the pipeline

Pensions minister Steve Webb recently revealed his idea for a third type of pension scheme – 'defined ambition'. But why does he think it's needed, and how might it work?As things stand, final salary ('defined ...