Personal Finance

Pensions lose money, warns study

As you know, we are ageing. We are all literally ageing, of course; there are no real life Benjamin Buttons out there. But as a country and as an economy we are ageing too, and that means there could be a pension problem in the future. The solution is obvious....Read More

Pensions: up retirement age is only fix

“The elderly are more likely to vote than the young.” That was what CityAM said this morning, in response to Ed Balls’ idea of increasing the retirement age.

Actually, Mr Balls was talking about ring fencing. The government is trying to make cuts, but certain areas are protected, will...Read More

Posted Jun 10, 2013

To fund a comfortable retirement you need £616,000

So how comfortable will you be when you retire? Are you planning to live off the equity in your home, or sell your business? According to Towry, in order to achieve an annuity paying out £25,783.87 after tax, a non-smoking male looking to take his annuity from age 65 would...Read More

Posted May 31, 2013

Baby boomers not saving enough

Let's hope you are sitting down because this may come as a shock. It turns out that a lot of Brits are not saving enough.

According to Prudential: “One in seven (14 per cent) people planning to retire this year will depend on the State Pension as they have...Read More

Posted May 23, 2013

UK pension crisis in the making: do we need to save more, work longer, or just work smarter?

According to data from the ONS, the number of people aged 65 or over in employment has risen from 890,000 in the first quarter of 2012 to just under a million in Q1 of this year.

According to a survey from NS&I, just under a third of Britain's adults...Read More

Posted May 19, 2013

European pension regulator catches nasty virus, and it could damage us all

As a species there is one thing we are lousy at. We think we are unique. We come up with an idea to solve a particular problem, and rarely does it occur to us that across the economy others are behaving in much the same way, and have come up...Read More

Posted Apr 12, 2013

Standard annuity rates: Legal & General move up

Changes in rates for standard annuities over the last month have largely been determined by annuity providers making changes in order to position themselves in the market, according to the Annuity Bureau. 

Legal & General have moved to the top for a single life level annuity and maintain their position at...Read More

Posted Apr 10, 2013

Savers need to get real

Is it written that savers are entitled to a good rate of interest? Is this a God given right, one to stand alongside “thou shall not kill”?

Of course it isn’t, but some seem to act as if they think it is.

Last week it emerged that the deficit facing UK pension...Read More

Posted Jun 18, 2012

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