A new report published this morning has revealed that half of Britons expect to be poorer than their parents in their retirement, because they have failed to save enough money.
Posts Tagged ‘Retirement’
Half of Britons expect to be poorer than their parents in retirement
Thursday, May 26th, 2011Pension income boosted by continuing work for most retirees
Friday, October 1st, 2010
More retired people are deriving income from continuing work, and have not achieved the pension income for the retirement of leisure they planned, according to new data released this week by the ONS. Many pensioner couples now take a quarter of their income from earnings. Read More
First swell of baby boomers drains basic state pension
Wednesday, September 22nd, 2010
The basic state pension system has already begun to creak and strain as the first of the 1940s ‘baby boomers’ comes to retirement. Next year, 650,000 people will turn 65 in the UK, with a further 800,000 in 2012, says the Department of Work and Pensions.
Read More
Smarter annuities shoppers maximise pension income
Monday, September 6th, 2010Enhanced annuities offer a higher pension income to those whose life expectancy is reduced by smoking, or certain conditions including high blood pressure and high cholesterol. Demand for enhanced annuities was up by 41% in the first half, indicating that good pensions advice is making consumers more ‘savvy’ in their retirement planning.
One in 10 puts retirement plan on hold
Thursday, August 26th, 2010
Today, 10% of UK workers are revising their retirement plan, believing they will never be able to retire, according to Barings. In the same survey just 2 years ago, 100% of people were confident they could retire. Barings is urging workers to make retirement pension plans earlier, to ensure sufficient income in old age. Read More
Retirement cancelled due to lack of interest, as over-50s revise pension planning
Friday, July 30th, 2010Over half of over-50s believe they may never afford to stop working, now that the retirement age is to go in October 2011. Fifty-nine per cent of workers fear they did not save enough into their pensions, and may now outlive their pension savings.
Planning your retirement? Now choose your own retirement age
Thursday, July 29th, 2010The Government has announced that the default retirement age of 65 will finally go forever in October 2011. The new proposal means that you cannot be dismissed by your employer simply on the grounds of having turned 65, and provides greater flexibility and scope, when planning your retirement.
First Time Buyers may lose stamp duty break, says Budget Report
Friday, June 25th, 2010
The stamp duty break for houses under £250,000 is now ‘under review’ by government, following the June 2010 budget report.
Spring has finally sprung for remortgage market
Thursday, June 24th, 2010The number of mortgage approvals continues to rise as the annual ‘spring bounce’ in the mortgage market has finally arrived – two months late, but better late than never. Remortgaging is the market driver, says the British Bankers’ Association (BBA). Read more…
Budget Changes – Mortgage Cap would limit first time buyer mortgages
Monday, June 21st, 2010
Government plans to restrict mortgage lending, following the budget changes on 22nd June, could make first time buyer mortgages more difficult to obtain. Click headline to read more.
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