Each year of pension income now requires two years of work, according to Aviva. However, as we may in future be living longer and working for less time, we may have to fund a retirement that is as long as our working life.
Each year of pension income now requires two years of work, according to Aviva. However, as we may in future be living longer and working for less time, we may have to fund a retirement that is as long as our working life.

Most of us spend more each month on the lotto than on insuring our life and the wellbeing of our family. Only 41% of people in the UK have life insurance cover, while 68% of people play the lotto or gamble, says Aviva. The average household spends nearly £14 a month on games of chance, while the cheapest life insurance cover can cost just £5 a month.
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Personal relationships are the most valued part of taking financial advice for most consumers, according to Aviva. This bond of trust makes existing customers the best source of new business for advisers.
Childcare costs for 2 children are now almost £16,000 per year. As a result, many families would struggle if one income were to be lost. The working spouse would find themselves working ‘just to pay the childminder’, but would depend on dwindling state benefits, if no life and critical illness insurance were in place.

Many expect their pensions income to fund global travel and a comfortable lifestyle, but in reality their pensions income could be just £40 a week, says Aviva.
Many life and critical illness insurance policies include hidden perks that single them out as great value. Some even include your children under your insurance cover. Read More

Having a financial plan with clearly-defined goals gives you a sense of control and reduces money worries. This translates into higher self-esteem, says a new psychologist’s report. Read more by clicking on the headline.
Parents are urging their children to focus on saving rather than property as the mainstay of their pension planning. Aviva has revealed that 76% of parents advise their children that to rely solely on property is ‘too risky’.
As pensions annuity rates dip under 6%, pension income for new retirees is worsening. In 2009, 63% of retirees didn’t bother to shop around, opting to buy their pensions annuity from the first company that offered – their existing pensions provider. Using your ‘Open Market Option’ to compare pensions annuities can stack £100s on to your pension income.
















