Explaining the change in clients’ pension statement values
For any statement issued after 1 October 2023
Retirement
-
-
1 in 30 HNW individuals relying 100% on their homes to fund retirement
As house prices and trends in the overall housing market raises concerns about retirement plans
-
75% of advised Brits have higher quality of life, report reveals
With almost one in two saying their mental health benefitted from financial planning
-
Gender pension gap set to widen as men have double retirement pot
Nearly half (44%) of women aged 45 plus say they have insufficient retirement funds
-
Canada Life completes third deferred-member buy-in
The third buy-in in the space of three months
-
Just under half of Brits believe the possibility of retiring early is low
As only 37% of 18-65-year olds feel confident about planning for their later life
-
Rishi Sunak to reportedly scrap inheritance tax
As the Conservative Party looks to entice voters ahead of the general election
-
IHT receipts reach £3.2bn
A £300m increase compared to the same period last year
-
93% of advisers think property wealth should be part of retirement planning
With 31% not considering home equity at all
-
Should Brits stop turning their back on annuities?
Despite increasing interest, they do remain a ‘niche product’
-
State pension set to rise by 8.5% in April
‘Government has a difficult balancing act ahead’ with the triple lock
-
Are Brits too reliant on inheritance for their retirement plans?
Clients may have a ‘dangerous strategy’ in place