The Office for National Statistics has projected that the number of people aged 65 and over will increase in all regions by an average of 22% between mid-2012 and mid-2022.
The retirement gap for the average retiree is nearly £6,000 per year, new research has shown.
Aviva has remodelled its income drawdown solution and says this will help customers by giving them greater choice and more flexibility in how they take their retirement income.
Nearly half of open market pension to annuity transfers were under £20,000 last year, research indicates.
Over a third of British consumers (37%) say they'll never save or invest for their retirement – compared to just 22 percent of people globally, according to a new study by Nielsen.
A quarter of people planning to retire this year are not ready to stop work, research indicates.
The rising cost of living has added the equivalent of an extra month of bills per year for people close to retirement, research has shown.
A fifth of people aged 65 and over have borrowed money or expect to do so to pay their retirement, research indicates.
About half of adults are 'misguidedly' relying on their state pension to get them through retirement, a poll suggests.
The Financial Planning industry must do a better job of explaining the importance of pensions to the general public, a retirement planning expert says.
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