Twenty per cent of pensioners will soon be living on a monthly income of less than £750 a month from their pensions. At the same time, monthly bills for housing, gas and electricity, travel and clothing will average £490, leaving just £40 per week for food and other living expenses.
Posts Tagged ‘Pension’
Rising bills, dwindling pensions leave many on £40 per week
Thursday, February 11th, 2010Pensions planning shows first cracks as many feel the pinch
Monday, February 1st, 2010The pensions ‘ice age’ has begun, with many of those approaching retirement realising that their pensions planning will not sustain the lifestyle they had hoped for. As a result, a quarter of men and 64% of women are planning to work beyond the state pension age, most of them listing financial necessity as the reason, according to the Equality and Human Rights Commission (EHRC)*.
Widespread apathy hits women’s pensions – Scottish Widows
Friday, January 8th, 2010
Neglecting our pension and retirement planning appears to be an almost universal fault these days, but women’s pensions are more likely to be ignored than men’s, according to new facts from Scottish Widows.
Financial advisers vote for children’s pension as Xmas gift
Wednesday, December 23rd, 2009
Forget that pink lady doll and the games console – a brand new pension is the gift of choice from financial advisers for their children, according to new research by financial software specialist 1st-The Exchange.
Pension savers beware of pension scheme transfer incentives – Regulator
Friday, December 11th, 2009If you are a pension saver with a defined benefit pension, you should treat with suspicion company initiatives to encourage you to transfer out of your pension scheme, in return for a lump sum.
Such lump sum offers, known as ‘enhanced transfers’, are increasingly common as companies strive to dismantle their highly expensive defined benefit pension schemes.
How much are you wasting on pension commissions? Check your charges
Wednesday, December 2nd, 2009Your pension fund can be subject to thousands of pounds in charges that could be avoided by choosing a cheaper pensions provider, according to new research.
Charges and pension commissions can range from 1% to 2.5% per year, and the difference between these rates can make a huge difference to the size of your pension pot, when applied over the lifetime of your pension.
About Us
Annuities
Financial Planning
Investments
Loans
Mortgages
Pensions
Personal Insurance
Savings
Sustainovation
0800 678 5929
7 Racecourse Road,
Derry,
Northern Ireland
BT48 7RB
Email: info@principlefirst.co.uk
Principle First Financial Services is a trading style of GMF Marketing Services Ltd. which is authorised and regulated by the Financial Services Authority. Principle First Financial Services is entered on the Financial Services Authority's register under reference number 409667.
Investments
- Ecclesiastical Amity International A Fund
- Henderson Industries of the Future A Fund
- Henderson Global Care Growth A Fund
- First State Investments Global Emerging Markets
- Our Investment Portfolios
- Investment Planner
- Baillie Gifford Emerging Markets
- Fidelity South East Asia Fund
- Cazenove European Fund
- M&G Recovery Fund
Loans
Financial Planning
Mortgages
Savings
Pensions
Annuities
Personal Insurance
Sustainovation
PAST PERFORMANCE IS NOT A GUIDE TO FUTURE RETURNS & INVESTMENT RETURNS MAY FALL AS WELL AS RISE - Risk Profile must be clarified before proceeding with any investment advice. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. We offer the option to pay for mortgage advice by way of a fee. This may vary depending on circumstances but is typically £500, contact us to discuss your remortgage and mortgage options with one of our mortgage brokers.