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Retirement Advantage

Displaying items by tag: Retirement Advantage

Research has found that 20% of pension savers aged over 50 have changed their retirement plans because of the Pension Freedoms as the retirement planning sector sees a major change in direction.
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Stock market volatility and economic uncertainty have led to a sharp spike in over-50s being risk-averse with their pension savings, new research indicated.
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Wednesday, 03 January 2018 13:21

Canada Life completes Retirement Advantage takeover

The Canada Life Group has completed its acquisition of rival provider Retirement Advantage, a provider of annuities, equity release and other retirement products.
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Research by a financial provider has found that eight out of ten over-50s (78%) “significantly underestimate” how long they are likely to live - a gap that means many could run out of pension cash, it says.
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Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.
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One in two annuity customers stay put with their original pension provider rather than shopping around despite the arrival of the new pension freedoms.
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People who have not shopped around for their annuity will collectively miss out on £104m of income over the course of retirement, new analysis has suggested.
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More than one in ten people aged over 60 have no plans to ever retire, fresh research has suggested.
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Money troubles are what soon-to-be retirees fear most – more so than their health - a poll suggested.
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