Pensions time bomb ‘hits women hardest’

Far more women than men expect to be financially ruined by the “ticking pensions time bomb”, according to a new report, fuelling fears of a growing gender gap in retirement.

Insurers warn over Government cap on pension plan charges

But 0.75 per cent limit is welcomed by consumer groups and advisers

New pension freedom may lead to care fees problem

An end to annuities could see older people fall foul of a little-known rule that could hit their right to funding if they need to go into a care home.

Budget 2014: How to make the most of the pension revolution

Simon Read examines the Budget announcement of the biggest shake-up to the pensions system for almost 100 years to find out how you should react to it

Simon Read: Lamborghinis? Pensions minister Steve Webb's gaffe shouldn't detract from transference of power

Steve Webb, the coalition's pension minister, is well-known for speaking first and then explaining what he really meant afterwards. At times he says things with an obvious twinkle in his eye simply for their shock effect.

Simon Read: A Reliant Robin is the best most of us can hope for when we retire

Pensions minister Steve Webb quipped that pension pots can now be used to buy Lamborghinis. Do you know how much one of the luxury cars actually costs? Around £165,000. And have you any idea how big the average pension pot is? Less than £30,000.

Councils could face huge extra bills to pay for social care if George Osborne’s sweeping pension reforms encourage newly retired people to spend most of the money they have

Experts warn of hidden downsides to George Osborne's pension reforms

Councils could face huge extra bills to pay for social care if George Osborne’s sweeping pension reforms encourage newly retired people to spend most of the money they have set aside for old age, the Government was warned last night.

Budget 2014: Pensions shake-up sees shares dive for life insurers

Billions of pounds were wiped off the value of Britain's life insurers after the Chancellor unveiled "game-changing" reforms to the UK pensions market.

It’s time to give the vulnerable some real help

The Chancellor will deliver a popular Budget when he stands up in the House of Commons at 12.30 today. He will announce tax cuts for all and extra help for vulnerable folk.

Green MP Caroline Lucas fights for women in pension misjustice

Green MP Caroline Lucas has called on the Government to change rules that will leave up to 700,000 women worse off when they claim pensions.

Government blasted for new rules that will leave up to 700,000 women pensioners worse off

The Green MP for Brighton Pavilion, Caroline Lucas, called on the Government yesterday to change rules that will leave up to 700,000 women worse off when they claim their pension.

Baby boomers shun annuities as sales plunge

Sales of annuities – which convert a pension pot into an income for life – have plunged according to new research.

Simon Read: Pension companies are failing retiring people

Anyone taking out an annuity right now is likely to end up in a worse position than they should. That's because they may not know that they could get a better deal. That, in a nutshell, is why the annuity market is broken. If four out of five people doesn't get the best deal, as a study by the Financial Conduct Authority discovered this week, then there's clearly something terribly wrong.

The Watchdog's report suggested that four out of five consumers could get a higher income by shopping around

Watchdog slammed for lack of action over annuities

Anyone looking to secure a retirement income is likely to miss out on the best option, reports Simon Read

The FCA's chief executive officer Martin Wheatley said there was no market for people with smaller pensions

FCA report claims savers missing out on thousands of pounds due to 'broken' market for pensions policies

Many people saving for a pension are missing out on thousands of pounds in retirement because of the “broken” market for policies, according to a regulator’s report.

Money
Bob Bob Ricard's newly opened Club Room
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One reader complained that he would be better off if he kept his money by his bed
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'The Lego Movie' has been one of the box office hits of 2014
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Sir Michael Parkinson, and other well-known people, should think twice before fronting ads for financial products
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BA travel rewards are taxiing down the runway
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TSB boss Paul Pester wants to take on the high street giants and 'help create thriving local communities all across Britain'
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Sony is hoping to attract fans of Wimbledon with its offer
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Look before you leap: a travel policy may not pay out if the customer 'hasn’t been very careful' in terms of, say, adventure or alcohol
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Nearly time for kick off: Young Brazil fans playing football on the outskirts of Sao Paulo
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Advance bookings direct with rail companies offers huge savings
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Chuka Umunna, the shadow, Business Secretary, is backing constituency members who are in dispute with a landlord Charlie Forgham-Bailey
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As travel takes off for the World Cup, some airport car parking spots are on offer at reduced rates
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The estate of the nation: the 0 per cent deal from Leeds has been launched with Barratt
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Could it be magic? From left, Howard Donald, Gary Barlow and Mark Owen made their tax bills disappear. But, it is argued, we all avoid tax
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A retired couple who had been taking holidays in Florida for 30 years suddenly found that the cost of cover had soared
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Campaigners protest in March against the Justice Secretary Chris Grayling and the erosion in legal aid
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The right to control retirement savings has hit insurance firms

Do you think you’re ready for retirement? If you are, you’re in a minority.

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Signature approach: Sir Stelios Haji-Ioannou is applying his business model to online property transactions and opening another front against traditional estate agents
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