Insurers need to “change their approach” to older travellers, moneysupermarket.com claimed this week.
A spokesperson for the price comparison site made the comment after research found that British travellers can see travel insurance premiums more than double after their 65th birthday.
Multi-trip policies in Europe increase by up to 174% for travellers aged 65 or older.
Worldwide equivalent [...]
Figures published by the Pension Protection Fund (PPF) have revealed a sharp fall in the deficit of the UK’s defined benefit pension schemes.
According to the PPF, the deficit was trimmed to £15.1 billion at the end of February from £51.9 billion at the end of January.
It is also a significant improvement on February 2009 when [...]
Women who fail to contribute to a pension fund could be leaving themselves open to difficulty during their retirement years, a pensions expert has claimed.
Laura Goodman, director of corporate communications at Rockingham Retirement, said an increasing number of women are not putting money aside for retirement.
She made the comments after research by Standard Life found [...]
A report by Prudential has revealed that the average male pension is more than £7,000 a year higher than the female pension.
The survey found that a man who draws his pension in 2010 will receive an average retirement income of £19,593, while a woman will receive £12,169.
However, the survey shows that the average annual pension [...]
The value of the average pensions pot has plummeted 60% over the past decade, according to research by Moneyfacts.co.uk.
The financial advice site blamed a combination of poor stock market returns and plunging annuity rates.
During the same period, the average pensions income has fallen by almost three quarters.
The pensions income of a male who has contributed [...]
According to the BBC, workers at the AA may strike for the first time since the organisation was established over a century ago.
The vehicle breakdown service, which advertises itself as the fourth emergency service, is in a dispute over pensions and thousands of employees are to be balloted.
The GMB union said its members had reacted [...]