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Following the release of proposed changes to workplace pensions, This is Money takes a closer look at a controversial proposal that could affect widow and widower's incomes in retirement. The change is one of many options being considered and is in no way set in stone, but existing pensioners should rest easy, as they won't be affected anyhow.
The decline in final salary pensions coupled with question marks over the effectiveness of defined contribution has led pensions minister Steve Webb to look for an alternative for workplace pensions. This is Money explains the options being looked at for so-called 'defined ambition' pensions.
I earn £45k but have a possibility of a new job that means a pay rise to £60k. The only thing stopping me is the generous pension I get at my current job.
What should you do with your pensions? Brian Irving decided to pool six insurance company pensions into a Sipp with Hargreaves Lansdown.
The Government has today launched a consultation that could see management charges on workplace pension schemes capped at as low as 0.75 per cent-a-year.
Some 53% of couples surveyed by Prudential said they had not made pension, will, or life insurance arrangements to ensure one of them will still get a retirement income after the other dies. Women are particularly at risk, as one in five admitted they will be solely reliant on their partner's income in retirement. ...read
Rita Monksfield (pictured) has been reduced to living on benefits - and all because her husband unknowingly signed up to the wrong type of pension.
The current exchange rate leaves them £300-a-year poorer compared to November last year - even though basic state pension rose from £107.45-a-week to £110.15 in April.
The case of Roy Monksfield, whose payouts ended when he died, leaving his widow penniless, highlights how important it is to make the right provisions.
While there has been growing anxiety about the plight facing future retirees, the majority of the 2,000 over-45s surveyed by Partnership appear to be bullish about their later life plans.
Even though a third of over-55s believe they will need long-term care, 38 per cent can't afford it, while those who can pay for it may be unaware of the full cost.
The rising cost of living coupled with continuing to support their children means that Britain's 45 to 54-year-olds are only able to save £12 out of every £100.
Friends Life and Phoenix emerge as key culprits among the funds delivering dismal performance in new research. Martin Deane has begun shifting four of his five pension pots.
Employers began auto-enrolling staff onto pensions a year ago today, This is Money has spoken to a worker and employer to see how they have coped with the change.
Annuity provider Partnership found that 71 per cent of 50 to 65-year-olds said they will need to have a supplementary income when they come to retire.
HMRC will review applications for workplace pension schemes before allowing them to be registered, in a bid to stop pension liberation fraudsters.
Will final salary widows lose their pensions in plans to revive workplace saving?
Your questions answered.
Where can I check which annuity provider offers the best price?
I have two pension pots worth a total £50,000 I need to convert.
MONEY MORALS I'm 49 and haven't saved for retirement. Should I abandon the idea of a pension?
I have decided to rely on my house's value.
I've been offered a new job with a hefty pay rise but I'll be giving up a great pension - how much is my retirement scheme worth?
Tough decision.
'Wildly optimistic' over-45s think they'll be worth £500k come retirement
...and only half of that will be down to their house.
Are the middle-aged a 'lost generation'?
Childcare costs mean older parents face retirement poverty.
The trick to picking an annuity for a better retirement
Potential pension payouts have risen, but many are still settling for less than they deserve.
HMRC finally beefs up system to combat bogus work schemes to 'liberate' you pension early
Bid to stop pension liberation fraudsters.
What next for annuity rates? Predictions from an industry expert
We round-up the latest on annuity rates, and take a look at where they're headed next.
Online vs. advice: Should you really arrange your retirement via a search engine?
An annuity purchase is one of the biggest decisions you will make.
New state pension age: when will you retire?
Find out when you will be allowed to retire
Whether retirement is 40 years away or just round the corner, follow our comprehensive guide to retire in riches
I have two pensions worth about £50,000, is there a way I can get information about which are the best and worst performing annuities companies? I don't want to be forced to pay for a financial adviser for this.
Potential pension payouts have bounced substantially from rock bottom levels, but many are still settling for less than they deserve.
A quarter of higher rate taxpayers on money purchase pension schemes fail to claim the full tax relief on their contributions.
The Office of Fair Trading has revealed its findings following an investigation into the £275billion defined contribution workplace pensions market. It has argued that the industry is too complex and not competitive enough to offer people value for money pensions. ...read
The biggest shake-up of pension saving in years bhas begun. We take you through the ins and outs of auto-enrolment to make sure you’re prepared.
A new flat rate state pension worth £144 a week in today's money is being introduced from 2016, while complicated and unfair old rules are being swept away. What will the changes mean for you?
Fed up with high charges and poor performance on traditional personal pensions? A Sipp may be the answer. We show you how to find the cheapest ...read
Considering an annuity purchase is one of the biggest financial decisions you will make during your life, is it wise to pick your product by search engine?
New figures from Legal & General show that more than six in ten do not bother to make a will. Lawrence Britt made his through an internet firm.
I am 49 and have saved the princely sum of £1,476 into a pension. If I am going to be entirely honest this has happened due to a combination of disinterest, mistrust and too much spending rather than saving. I have decided to rely on my house instead and don’t plan on ever saving another penny into a pension. Is this the right thing to do?
I pay £80-a-month into a private pension and have just been offered an auto-enrolment workplace pension. Should I sign up or stick with my private one?
We can't even really begin to discuss our plans properly without deciding what we have to spend - and that depends on what we want to leave for our kids.
I took out a £63,000 equity release loan to pay off my mortgage five years ago. But in five years time the debt will have doubled and I'm worried about not leaving anything for my kids. What can I do?
Almost two million married retirees receive a state pension top-up based on their partner's work record but this will close to all claimants in 2016. This is Money takes a look at who this will affect.
Other countries build this kind of flexibility into retirement saving, so could doing the same here provide the impetus needed to head off a retirement crisis?
I draw two final salary pensions worth £19,800-a-year. If I use flexible drawdown, could I take the £40,000 I have in a money purchase pension as a lump sum?
By 2020, all Britons will have to wait until they're 66 before they can retire. The new rules apply to both men and women. In the meantime, a confusing schedule could hit your plans. We explain the upcoming rule changes to the state pension age. Find out when you will be allowed to retire ...read
Combining pension pots built up in different jobs could make real financial sense
A guide to finding the cheapest Self-Invested Personal Pension (Sipp): Questions you need to ask and a list of low-cost providers
| Prize value | Winning bond No. | Area |
|---|---|---|
| £1,000,000 | 110NM465374 | Tyne and Wear |
| £100,000 | 187EE207065 | Manchester |
| £100,000 | 176RS978106 | Lincolnshire |
| £100,000 | 159QT036890 | Norwich |
| £50,000 | 63RH553428 | West Midlands |
| £50,000 | 191DH809832 | Greater Manchester |
| £50,000 | 43MJ093284 | Croydon |
| £50,000 | 49BK161200 | Norfolk |
| £50,000 | 211QN594328 | Hampshire and Isle of Wight |
| £50,000 | 37PC596428 | Norwich |
When do you think you will retire?
The end of gold-plated pensions and lousy investment returns mean 70 is the new 60.
What is pension liberation and how risky is grabbing your retirement pot early?
Are they freedom fighters or fraudsters?
Should you stick with a lifestyle pension or move your pot in case the bond bubble bursts as you approach retirement?
Can I take my entire small pension pot as a tax free lump sum and leave my final salary scheme untouched?
Answers depends on pension arrangements
How to make the most of a smaller pension pot:
Don't stand by as your nest egg is eaten up by low rates and inflation
Flat-rate state pension explained:
Who are the winners and losers?
Are you saving enough for retirement? Try our 2 minute health check calculator
GOGet advice on all aspects of estate planning, including inheritance tax and wills
GOGet advice on all aspects of annuities and pension drawdown
GOFind an independent financial adviser
Published by Associated Newspapers Ltd
Part of the Daily Mail, The Mail on Sunday & Metro Media Group
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Equity release
FairPensions campaign
