Retirement Planning

The number of people aged over 65 who are requesting winter sports cover on their holiday insurance has increased by 20 per cent over the last 12 months, according to a new report.A study published by Age Concern and Help the Aged has revealed that pensioners are travelling further abroad ... read more

Pensions minister Angela Eagle has been accused of misleading the public in regards to compensation for collapsed pension funds.The Department for Work and Pensions released a statement yesterday (January 21st) announcing trustees of schemes at firms which had "gone bust" would receive "at least" 90 per cent of their savings ... read more

Standard Life Assurance has been fined £2.45 million by the Financial Services Authority (FSA) after "serious systems and controls failings" saw many people exposed to misleading marketing material for its Pension Sterling Fund.Margaret Cole, FSA director of enforcement and financial crime, said: "The FSA takes the issue of misleading financial ... read more

A list of tips has been published in order to help UK households stay warm during power cuts.Price comparison website uSwitch.com said the advice has been published after many people were left without power during the recent "big freeze".The firma advised those who are cut off from their energy supplier ... read more

Proposals to invest £319 million in to the UK's growing renewable electricity generation could spell trouble for energy customers, according to one price comparison site.uSwitch.com said the proposals, recently published by energy regulator Ofgem, are part of a wider programme which could add an extra £548 a year onto household ... read more

The "heightened risk" associated with pension schemes in the UK has been highlighted by the fourth Purple Book to be published by the Pension Protection Fund (PPF).Covering 97 per cent of eligible schemes, the new book calculates how well schemes have dealt with the volatility of the recession.The analysis, which ... read more

By delaying saving for just ten years British workers could reduce their savings pot by half by the time they reach 65, it has been suggested.Insurance price comparison website Confused.com said people saving £200 per month for 40 years could amass a retirement point of £300,000, based on an average ... read more

The recent cold snap, which saw some of the lowest temperatures in the UK for around 30 years, could add an extra ten per cent to energy customers' annual bills.This is the view of price comparison website moneysupermarket.com, which said customers on a standard tariff of £1,232 per year could ... read more

The pension deficit faced by UK councils has increased since the last official valuations, according to new data.Figures obtained by the Liberal Democrats show that 83 out of 87 local authorities were in deficit at the time of the last valuation in 2007.However, over the last three years deficits have ... read more

A statement from the Pension Protection Fund (PPF) has revealed that two more schemes were signed to the programme during December 2009.Gilbraith Tankers Limited Pension Scheme and Champion Pension Scheme have now joined, taking the total number of PPF transfers to 109.According to the PPF: "A further 1,181 people around ... read more