50 year olds facing five year pension wait

Individuals currently aged between 50 and 54 risk having to wait up to an extra five years before being able to access their pension benefits, a Birmingham pensions expert has warned.

New rules, which take effect from 6 April 2010, will see the minimum retirement age from which individuals can start drawing from their private pension benefits increasing from 50 to 55. 

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FTSE 100 pension scheme funding deficits spiral to more than £300bn

FTSE 100 pension schemes need more than £300bn to meet funding deficits, according to business advisory firm Deloitte. Continue reading