However, pensions expert Helen Morrissey is urging those reaching retirement age this year to plan ahead to ensure they maximise their income in later life and know exactly how much money to expect.

As an avid reader of FT Alphaville you’ll recall our previous explainer on UK local authority pensions. You’ll know that the Local Government Pensions Scheme is the largest funded scheme in the ...

Warren Buffett's granddaughter Nicole Buffett says she was cut off financially and emotionally after speaking publicly about ...

Why, then, do so many retirees actually tighten their belts further and reduce their spending in retirement? Based on ...

What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...

Simply put, an annuity rate tells you how much you will get per year from the annuity you buy. For example, if you spent £100,000 on an annuity and the rate was 2pc, you would receive £2,000 a year.

Some of the confusion even comes from the term “annuity” itself, which actually refers to a broad range of financial products. Given all this, we wanted to provide some guidance on the ...

Here’s a retirement spending strategy that offers a realistic balance between frugality and outliving your savings by ...

In another concerning prediction for the future of High Streets up and down the country, experts have predicted that the sale ...

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Credit card rewards are great for redeeming travel and cash back, but did you know you can also donate ...

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