By Michelle McGagh | 23 Mar 2012
... ‘It definitely helps financially because we haven’t got big pensions and working
has allowed us to do the things we want to do,’ says Sylvia. ...
Sylvia Glover has worked consistently since retiring nine years ago and believes older people have a lot to contribute to society.
By Michelle McGagh | 02 Apr 2012
... Contracting out, which will be abolished from 6 April, allowed those paying into
a final salary or career average pension scheme to divert a proportion of ...
Changes to pension legislation that will abolish ‘contracting out’ could leave some people at risk of running out of funds in retirement.
By Michelle McGagh | 04 May 2012
... When income from company, private and state pensions are added together, the average
pension income is £15,500 a year, according to Prudential. ...
As people live longer, many are finding their pension insufficient to meet their needs. Here are some ways you can supplement your income.
By Daniel Grote | 22 Dec 2010
The National Association of Pension Funds has called on John Hutton to recommend
a career average model as part of his review of public sector pensions. ...
The National Association of Pension Funds has called on John Hutton to recommend a career average model as part of his review of public sector pensions.
By Michelle McGagh | 29 Mar 2012
... Rising living costs and lack of pension savings are pushing more retired people
into debt, with the average retiree now shouldering £8,180 of personal debt. ...
The average UK retiree now shoulders £8,180 of personal debt, and worryingly 178,000 retired people owe more than £100,000.
By Michelle McGagh | 05 Apr 2012
... After 30 years the DB scheme member would be entitled to an index-linked pension
based on 50% of final pay, or £13,000 for someone on an average pension. ...
Workers saving into defined contribution pension schemes have to save 10 times more than colleagues in defined benefit pensions.
By Michelle McGagh | 16 Jul 2012
... average retiree receives. Stephen Lowe, group director of external affairs and customer
insight at Just Retirement, said there was a huge gap between pension ...
Funding longer retirements and hefty long-term care bills means more pensioners will be forced to look at making their property pay.
By Michelle McGagh | 11 Apr 2012
... Public sector workers will be moved to a career average pension scheme, which means
that instead of receiving the equivalent of up to two-thirds of their ...
The government has set out plans for a new kind of company retirement scheme where employers and employees share the burden of pension saving.
By Michelle McGagh | 08 May 2012
... When the basic state pension was introduced in 1948 the average person lived just
two years in retirement – not a huge burden on the government or taxpayers. ...
Public sector unions have launched a campaign against government plans to increase the state pension age to 68 but fail to take into account the burden faced by taxpayers.
By Michelle McGagh | 23 Aug 2012
... A total of 26% of 55 to 64-year-olds expect to have credit card debt in retirement
averaging £2,453, 20% of people in the 45 to 54 age bracket think they will ...
Figures show people are entering retirement with outstanding mortgage and debt on credit cards.
By William Robins | 29 Mar 2011
... environment in this area because if we move from final salary to career average
it will remove some of the uncertainty and the risk away from pensions in this ...
In an exclusive interview with Model Adviser® John Hutton says his public sector pensions review was never a cost cutting excercise.
By Lorna Bourke | 05 Dec 2012
... He also mentioned that the average annual contribution to a pension scheme is just
£6,000 so the vast majority of pension savers will be unaffected by the ...
Both benefit claimants and the wealthy have taken a hit in tax and benefit measures announced in today's Autumn Statement.
By Michelle McGagh | 15 Jun 2012
... On top of the state pension MetLife calculated that an average 50-year-old would
have to save a further £68,600 in order to achieve the £122,800 pension pot ...
The average 50-year-old has only saved half of what they need to achieve a minimum standard of living in retirement. No wonder financial experts are calling them the 'Uncertain Generation'!
By Michelle McGagh | 23 May 2014
... the best annuity rate you need to save £200,000 to provide that but the average
pension pot is just £40,000 so the average saver is short [of the target].’. ...
Pensioners have benefited from increasing wealth for 60 years, until now.
By Michelle McGagh | 15 Mar 2012
... The majority of people, 40% of all respondents, wanted to achieve a £30,000 annual
income in retirement but the average pension pot sits at around £25,000 ...
A decade of rising house prices means many people have most of their wealth tied up in their home. So can property fund your retirement?
By David Campbell | 02 Aug 2007
... has reported. Poor pension cover drives down average age of equity
release. by David Campbell on Aug 02, 2007 at 09:03. ...
The average age of homeowners using equity release schemes to free property wealth has fallen for the first time, specialist adviser Key Retirement Solutions (KRS) has reported.
By William Robins | 16 Jul 2012
... The Value of Advice Report said those who take retirement advice have an average
pension pot of £74,554 when they finish work, compared to £37,277 for those ...
Taking financial advice can double the size of a pension pot but only 18% of the UK get advice, according to research by unbiased.co.uk and provider Standard Life.
By Michelle McGagh | 05 Sep 2012
... Impending pension crisis. With the average age of a first-time buyer standing at
29, according to Nationwide, and the average mortgage term 28 years, you don ...
With people buying their first property later, pensions are being overlooked – so what should homeowners do?
By Michelle McGagh | 19 Jun 2013
... The fact that the Pension Bill links the state pension to average earnings, not
a triple lock, would suggest it is already dead in the water. What can be done? ...
The triple lock on the state pension is under attack. We explain all.
By Michelle McGagh | 15 Nov 2012
... The average pension pot is just £25,874 at retirement, or worked out as an income
just £28 per week for a man aged 65, and falling each year thanks to ...
The perfect pension depends on getting the right mix of assets, starting saving early and making sure you're making the most out of your money.