Tag: annuities
Beware of Early Pension Release
Pension release is when you agree to transfer your pension savings to an arrangement that will allow you to access your funds before you reach the age of 55. In rare cases, such as terminal illness, it’s possible to access pension funds before the age of 55. However, for most people, promises of early cash [...]
Read moreThe Increasing Cost of Retirement Income
The cost of securing an income in retirement has increased by almost a third since 2009, statistics from the Office of National Statistics (ONS) have revealed. According to figures published in April 2013, men will need 29 per cent more savings to reap the retirement income that they could have gained in 2009. In 2009, [...]
Read moreCould you be losing a pension down a ’black hole’?
A shift in the UK working culture and confusion around retirement planning is creating a pension ‘black hole’, with almost a quarter (23%) of UK adults stating they have lost track of at least one of their own pension schemes, according to a new poll for Age UK. The online poll, commissioned to find out [...]
Read moreMore women in work due to rising female pension age
Since April 2010, the age at which women can first receive a state pension has been rising from 60. It is currently at 61 years and 5 months and is due to rise to 66 by 2020. So far, this change has played a part in increasing employment among those women directly affected by the [...]
Read moreBritons are not investing adequately for their retirement
The findings in a global study and report, ’The Future of Retirement: A New Reality’ recently produced by HSBC, tell us that the average Briton will have a savings pot that is only adequate for the first seven years after they stop working. Because their average post-working life expectancy is now 19 years, there will [...]
Read moreDon’t Fall into the Inflation Trap as you get Older
Earlier this month, the Office for National Statistics updated the ‘national shopping basket’ – the national basket of goods that the ONS uses to monitor rising prices. The big news for the headline writers was that ‘Champagne was out; e-books were in,’ as a nation struggling with the recession stopped celebrating and started reading books [...]
Read moreThe New Proposals on Long Term Care and what they mean for your Financial Planning
In the Spring of last year retirement specialist LV= produced a report looking at the future viagra online of long term care in the UK. With increased life expectancy, LV= predicted that the number of people needing care – either in their own home or in specialist retirement homes – would surge by the year [...]
Read moreFebruary Market Commentary
January opened with the USA economy – if not the whole world – having been saved from tumbling over the Fiscal Cliff thanks to a last minute deal between Barack Obama and the US Congress. Financial markets around the globe let out a brief sigh of relief and enjoyed a couple of days’ rally. Unfortunately [...]
Read moreRetiring at 55 is becoming a luxury of the past…
According to Aviva’s latest Real Retirement Report, the over-55s in the UK are increasingly working past the traditional retirement age as larger numbers fall back on their savings in later life to meet living costs. Research interviews with more than 14,600 UK consumers aged over 55, between February 2010 and November 2012, informs the Aviva [...]
Read moreYounger retirees are less likely to leave an inheritance
Traditionally, parents have attached great importance to leaving an inheritance to their children, but attitudes are changing according to a recent survey price of viagra by Just Retirement, the equity release and annuity provider. The survey of retired homeowners and retiring homeowners aged over 55, explored consumer attitudes towards housing equity withdrawal and found that [...]
Read more
