Financial strain increases on over 50's
Double whammy of low interest rates and high inflation weighs heavily on the well being of people among the age group
View ArticleRetirees eat into £11bn of pensions savings
A fifth of Britons nearing retirement age have significantly reduced their pension contributions as economic headwinds continue
View ArticleA generation of Britons face cash strapped retirement
Nearly half of the so-called ‘Ostrich Generation’ expect to be worse off in retirement than their parents
View ArticleHalf of Britons hoping to retire in 2011 can't afford to leave an inheritance
One in 10 people will cancel plans to leave a financial legacy for their families in order to boost their own retirement income
View ArticleAdvice on retirement hits top spot for UK consumers
Retirement planning dominates searches for independent financial advice in May 2011 as Britons increasingly question monetary health in later years
View ArticleCall for a cap on potential long term care costs
Around 43% of retirees plan on using equity from their homes in order to pay for their long term care, but there is no assurance that equity-release will be sufficient, a new report claims.
View ArticleSavers' groups bemoan low interest rates
Groups representing savers say keeping interest rates at just 0.5% is unfair, but the news is welcome to borrowers
View ArticlePensioners regret taking lump sum from their pension fund
Research from the Prudential finds that one in 10 pensioners now question the wisdom of taking a lump sum and spending the money
View ArticlePensioners lose hundreds of pounds as annuity rates fall
The value of pensions take a hit as annuity rates fall again, a trend that is expected to continue, research warns
View ArticlePersonal pension advice slammed by watchdog
Serious problems in the personal pensions market are leaving consumers at risk of bad advice and paying out for hidden commission
View ArticlePublic sector pension contributions to rise by £1.1bn
MPs have outlined plans to increase pension contributions by an average 3.2 percentage points for public sector workers from next April as part of plans to slash the government's pension bill
View ArticleMillions face bleak future as pension 'golden' era ends
Urgent action is needed to improve the UK’s pensions system as figures show up to 9m workers face a bleak old age, an independent investigation has warned
View ArticleTop directors retire on pension of nearly £175,000
Directors at the UK's FTSE 100 companies expect to receive a pension worth £175,000, a new survey shows
View ArticleLiving standards continue to fall for over-50s
The elderly continue to experience falling levels of living standards and economic confidence, according to the latest report by Saga.
View ArticleSpain, Australia and US retirement hotspots for British pensioners
Brits seeking to retire abroad list Spain as their number one choice, but the retirement dream abroad is becoming increasingly expensive and complicated, research from Standard Life warns
View ArticleMore Britons delaying retirement
The number of Brits delaying retirement has doubled in the last year as the cost of living continues to rise, research reveals
View ArticleOne in three UK workers are without a pension
Almost 15m workers say they don’t have private or company pensions, according to research by Prudential
View ArticleBritons have no idea about long-term care costs
Majority of public remain unaware of the real cost of long-term care and the need to make personal provisions
View ArticleConfidence in pensions hits record low
Confidence in pensions has dropped significantly in the past year, with many worried they will not have enough money to get through their retirement
View ArticleMore than a third have stopped putting money in pension pot
As much as 35% of pension scheme members have put pension contributions on hold as they can no longer afford it, research from Prudential warns
View ArticleUK inheritance to peak by 2047
A new report by HSBC reveals around £1.1 trillion will be left to beneficiaries by 2047, the peak of leaving an inheritance
View ArticleA third wiped off pension value
Plummeting stock markets and ultra low interest rates have knocked a third off pension pots and pushed up annuity prices
View Article30m people in Britain don't have a will
Over 29.5m Britons do not have a will despite the fact that one in five Brits expect to leave inheritance of over £10,000
View ArticleOnly 38% of over 55s have saved or invested for retirement
Age UK, a retirement services firm, calls for support to help people better prepare financially for retirement
View ArticleBrits hide £4.6bn in secret savings from their partners
One in 10 keep secret stashes of money because they do not trust their partner's financial decision making, research from Prudential shows
View ArticleLess than a quarter of under 35s have a pension
While most under 35s don’t have a pension, nearly half of those surveyed who do have a pension, don’t understand the financial products they have
View ArticleBritons unconvinced about retirement saving plans
Less than 30% are confident that contributing to pension plans is the best way to save for their retirement
View ArticleNearly half of Brits don't know what an annuity is
Standard Life highlights a lack of understanding of the annuity market in the UK, despite its significance as an income source in retirement
View ArticlePensioners 20% worse off than at start of credit crisis
Figures from Saga show pensioner purchasing power has fallen by over a fifth since 2007 amid rising fuel and food prices
View ArticleOpting out of your pension will wipe 20% off its value
The Pensions Policy Institute warns of the price that could be paid for putting off joining the new national pension scheme.
View ArticleExpected retirement income levels hit five-year-low
Global economic headwinds, the banking crisis and concerns over the euro zone have created a perfect storm for people in the run up to retirement, says Prudential.
View ArticleNearly one in five will retire in debt this year
The average amount of debt for people retiring in 2012 is £38,200 with half owing money on credit cards and mortgages, the Prudential says
View ArticleUnder 35s fail to save for retirement
Nearly all workers under the age of 35 do not save for retirement as a third focus on saving up for a deposit for a home instead
View ArticlePoor pension choices could mean years longer at work
High pension charges and taking a low rate annuity can eat away at a saver's potential pension pot by nearly 25%, research reveals
View ArticleOne in 10 will delay retirement in 2012
Over 10% of people who had planned to retire during 2012 are making alternative arrangements, research from Prudential shows
View ArticleAverage retirement age rises
Figures from the ONS reveal that the retirement age for men has risen to nearly 65 while women on average are retiring at 62 years
View ArticleQE has wiped £90bn off pension funds
Final salary pension funds are £90bn deeper into the red since the second wave of quantitative easing started last October, research shows
View ArticleHalf of those planning to retire in 2012 expect to leave an inheritance
One in 12 say they would cancel plans to retire so they can boost their retirement income, the latest report from Prudential shows
View ArticleElderly face highest rate of inflation
Official figures showed another fall in inflation however over 75-year old households still face the highest rate of inflation
View ArticleBudget creates uncertainty over retirement age
The government's latest review could mean people, currently in their 20s or 30s, may not receive the state pension until beyond 70 years old
View ArticleIncreasing longevity a risk for UK debt levels
The IMF says that workers should delay retirement to avoid adding £750bn to the UK national debt
View ArticleParents are forfeiting pension savings to pay for their grown up children
One in three parents in the UK are using potential pension savings to pay for their adult children, new research shows
View ArticlePeople over 50 suffer highest inflation
Inflation for over 50s has risen more than 20% in less than five years, figures from insurance group Saga show
View ArticleTwo in five retirees want to stay in work
Around 40 percent of people planning to retire this year would be happy to work past 65 if they had the chance, research from Prudential shows.
View ArticleLong-term care costs to hit £38bn a year by 2025
The annual cost of long term care in the UK is expected to rise from £26,000 to £33,000 per person by 2025
View ArticleMost pensioners do not financially plan for ill-health in retirement
Just one in five planning to retire this year have made financial provision for ill-health in retirement
View ArticleOne in five fail to save for retirement
Scottish Widows says a growing number of people are not making provisions for retirement
View ArticleMany to turn to equity release to fund retirement
Two-thirds of consumers may use property as part of their financial retirement plans
View ArticleWomen retire on £5,750 less than men
Women expect to retire on £12,250 a year compared with £18,000 for the average man, figures from Prudential reveal
View ArticleRise in older workers reflects "new retirement reality"
Officials figures show the number people working beyond state pension age has nearly doubled in the last 20 years
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