The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.
A report from LV= found men can expect an annual retirement income of £10,967, including the state pension. The figure is £6,580 for women. The gender gap means women typically suffer a 68% squeeze...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.