The New Year is the perfect time to take stock of our finances. Employees who are retiring and have a defined contribution (DC) pension will have a number of decisions to make given the freedom and flexibilities. WEALTH at work have created a list of top 10 considerations for employees who are thinking about retiring in 2018. Do employees understand all their options?
Published: 16 January 2018
Between the decline in the use of traditional defined benefit plans (pensions) and the heavier reliance upon defined contribution plans ... View Article
Published: 22 October 2017
While plenty of people are duly committed to saving for retirement through 401k, IRA or other nest egg-inducing personal finance plays, however devotedly and even over many years, it turns out several may actually be suffering a false sense of security.
Published: 31 July 2017
One key thing, which many don’t realise is that they are unlikely to need the same level of income in retirement as they did in their working life. Top things employees should consider when planning for retirement. Comment from Jonathan Watts-Lay, Director, WEALTH at work.
Published: 1 June 2017
A new study from equality think tank, the Fawcett Society, has found that young women are typically relying on their partners to provide financial security in retirement, with a projected 40% pensions pay gap expected. It attributes this disparity to women reducing the amount they invest in retirement savings in order to cover rising childcare costs.
Published: 11 May 2016
UK employers are anticipating a significant skills gap when baby boomers retire over the next two to five years and are already taking steps to mitigate the risk.
Published: 16 November 2015
Just over five months into the freedoms and Fidelity Worldwide Investment has put together five key facts from August’s call centre trends.
Published: 10 September 2015
Up to £11.9BN worth of State pension benefits potentially lost over a lifetime by people retiring this year.
Published: 12 June 2015
Just seven percent of the UK on track for retirement with unrealistic retirement income expectations a major concern, according to third UK Readiness Report from Aegon. Nearly two thirds (62 percent) do not feel confident about being able to retire when they want to.
Published: 26 May 2015
It has been almost four years since the Default Retirement Age was abolished. On 1 October 2011, employers were no longer legally allowed to issue forced retirement notices to their employees as it was deemed to be a form of legal discrimination in the workplace.
Published: 14 May 2015