Women are settling for below what they are entitled to in a divorce, and struggling later as a result according to figures from Scottish Widows.
Raeside Chisholm Solicitors Blog
A report has found that those retiring this year have the highest expectations for their income post retirement since 2010, however Scots are expecting less than the rest of the UK.
According to the Financial Conduct Authority (FCA) some pension firms are failing elderly clients with many missing out on better policies available. The result has led to the FCA encouraging clients to look around before deciding a pension provider.
The state backed pension scheme, the National Employment Savings Trust (Nest) has launched an investigation to ensure that the pension scheme is as flexible as possible for users and accommodates how people save.
Almost 50% of adults do not know how changes to the state pension will affect them according to a poll from the Department for Work and Pensions.