Simpler pension statements

In the House of Commons on Tuesday pensions minister Guy Opperman said that the Department for Work and Pensions expected all providers to be giving their customers easy-to-understand two-page statements in the near future, and hinted that legislation could be passed...

DWP launches mid-life MOT website

The Department for Work and Pensions has launched a website promoting ‘mid-life MOTs’ for people to assess their career plans, financial situation, and physical health. The portal includes a link to the Government’s Check your State Pension service, alongside guidance...

First-time buyers struggle with mortgage jargon

The process of buying a first home is being made more difficult for many prospective buyers, who struggle to understand the terminology surrounding housing and mortgages. Aldermore polled 1,501 people looking to buy a first home, and found that 52% of prospective...

FCA proposes rules to improve pension investments

The Financial Conduct Authority (FCA) has proposed new measures to prevent savers from missing out on retirement income when they access pension freedoms. The proposals would require pension providers to offer a range of ready-made investment solutions to customers...

Average cost of life goals totals £566k

For the average person, achieving major life milestones such as buying a house, having children and saving for retirement costs a total of £566,659, research shows. According to calculations by Royal London, it would take 25 years for someone on the median graduate...