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Tag: retirement savings

Freedoms hit some hard

Annuity incomes hit record low after pensions change

pension pot 2
Average income from a standard annuity has plummeted to a record low, a consequence of the new pensions freedoms. Single life annuity payouts fell by 5.7% over 2014, and that has accelerated toRead More

Expectations higher than achievable

Retirement savers well short of reaching target

Retirement savers are expecting an average annual income of £13,100 from their private pension funds despite currently having just £59,000 in their fund. In fact the average 0ver-45 retirement saver wouldRead More