Managers of Wealth Pensions

Covid boost for pension funds

That would be enough to reduce the deficits of many schemes.

Covid-19 pandemic impacts retirement plans

Despite the pension fund growth, the impact of the pandemic on the economy and people’s everyday finances, along with falling annuity incomes, will mean that those set to retire soon may not have as much in their pension fund as they expected.

Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being

Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward.

Pension schemes urged to avoid 'over-reacting' to impact of Covid-19

The risk settlement market is set to achieve more than £50bn this year, and the insurer expects similar results next year.

Pension UK: COVID-19 disrupts retirement plans of older workers

Pension saving is an important action for those accelerating towards their retirement. But unfortunately, the effects of the ongoing pandemic have caused disruption for many.

Toxic side effects of coronavirus weaken global pension systems

Retirement schemes fear resurgent inflation and stuttering economic recovery

Redundant workers offered free pension advice

Workers made redundant in Newtown as a result of the Covid-19 situation and economically are being offered free advice about their pensions.

Covid jobs crisis could have lasting impact on young people's pensions

New figures show only a few years out of the workforce can have a big effect on a retirement fund

Why cashing in a pension pot as Covid bites should be a last resort

It has become a quick fix for more over-55s, but it can come at a high price in retirement, writes Shane Hickey

More than 5.5m workers cut or stop their pension contributions due to impact of coronavirus and lockdown

They are a third more likely to work in a sector shut down during lockdowns, a study from the Institute for Fiscal Studies estimates.

51% likely to review or reduce pension contributions due to Covid-19 pandemic

Our view continues to be that ensuring the right level of portfolio risk/return, and appropriate levels of contributions of at least 15% of salary over time, are critical to ensuring the type of lifestyle savers expect in retirement.

Universities face funding shortfall caused by Covid and pensions, says IFS

Thinktank report also finds colleges will struggle, with rise in student numbers expected

3% of savers halt pension contributions amid pandemic

“Despite the financial hardship that coronavirus has caused, this national survey confirms what our data has shown us throughout; that it has had very little impact on pension saving.

UK pensions system flops in global rankings; Covid-19 puts flaws 'in sharp focus'

The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.

Scots reveal fears about pensioners feeling lonely amid pandemic

The Survation poll of more than 1,000 Scots found 81% are concerned about people aged 65 or older being lonely.

Retirement planning in the time of coronavirus

Recent stock market turbulence is concerning for all investors but particularly those who are in defined contribution pension schemes and looking to retire in the near future.

Saving habits as we mark 6 months since lockdown started

For those in this fortunate position, after 6 months of extra ‘lockdown’ cash being added to their bank balance, now’s the time to review future savings and investments to get a better long term return.

Covid-19 accelerates urgency of people wanting to retire in secure countries

Dubai's retirement visa scheme will help expats to start saving towards their retirement goals

IFS tells govt to consider pension tax hike to pay off Covid debt

Currently, when people take money from their pension 25 per cent is tax free while the remaining 75 per cent above the personal allowance is charged at the marginal rate of income tax.

Stop Covid concerns becoming hasty pension decisions

Pensions are extremely tax-efficient investments and if it is necessary to take money out it should be kept to a minimum