Adapting to changes in working patterns
More than half of over-55s currently in the workforce are happy to work past the default retirement age of 65, according to new research from MetLife[1].
Spending on luxuries in retirement
The reality of living on a pension is taking new retirees by surprise
The reality of living on a pension is taking new retirees by surprise, with many under-budgeting their first five years of retirement and overspending by an average of £6,500, according to LV=. This is leading to a surge in older retirees taking out new credit or extending previous credit commitments.
Measuring our appetite for risk
More than twice as many men choose the highest possible risk option to boost their savings compared to women
Findings recently published in the Zurich Wealth Risk Report show that more than twice as many men choose the highest possible risk option to boost their savings compared to women (13% vs 6%)[1].
First-time parents
Preparing for the arrival of your first baby
First-time UK parents spend more than £492 million[1] each year preparing for the arrival of their first baby, according to research from Aviva. This equates to £1,619 per family and shows a 17% increase to the £1,389 total in March 2012[1].
‘Save smart’
Focused on managing costs
We’re becoming increasingly good when it comes to cost cutting, according to the latest findings of an annual online survey from long-term savings and investment specialist Standard Life by YouGov PLC.
Generating a retirement income
Taking on the risk of managing your own pension
New research[1] from MGM Advantage shows the risk people are willing to take managing their own pension savings. 28% of the over-55s said they were not comfortable taking on the risk of managing their own pensions to provide a suitable income throughout retirement.
A continuing role for annuities
Peace of mind for a lifelong secure regular income
A huge reform of the defined contribution pension system (as opposed to workplace final salary schemes) announced in Budget 2014 means that under the proposals, from next year, millions of people reaching retirement age will be able to spend their pension pot in any way they want.
Why we are happy to work past the default retirement age
New living patterns require retirement income
solutions that offer greater flexibility
More than half of over-55s currently in the workforce are happy to work past the default retirement age of 65, according to new research[1] from MetLife.
Greater choices for retirees
Fundamentally redesigning the UK private pensions system
Fundamental plans to redesign the UK defined contribution pension system (as opposed to workplace final salary schemes) were announced as part of the Budget 2014 speech. This is the most far-reaching reform to the taxation of pensions since the regime was introduced in 1921, introducing new flexibility to the pensions system.
Unhappy headlines for savers
Higher returns generally come with higher risk
It seems incredible that the Bank of England base rate has stood at 0.5% since March 2009. It’s made unhappy headlines for savers looking to generate income over the previous five years.
