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Just two-fifths of retirement income provided by pensions
Less than two-fifths (36%) of the average retirement income before tax is made up by pensions, according to a new report.
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Single pensioners need £257k more for retirement
Single pensioners need £257,000 more than couples to achieve a comfortable living standard in retirement, according to analysis by Standard Life, part of the Phoenix Group.
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Pensions business boosts L&G profit
Legal & General said its operating profit for the first half of the year was £941m, boosted by its bulk annuity business.
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Just Group annuity sales more than double
Annuity and retirement specialist Just Group has reported a 154% jump in first-half profits boosted by bumper annuity sales and higher new business income.
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Wage growth could drive higher state pension increase
The annual growth in average pay including bonuses hit 8.2% in June, according to figures published this morning by the Office for National Statistics.
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