Retirees’ incomes squeezed to support their families

Category: Lifestyle & retirement & savings & Uncategorized

Two in five (39%) people planning on retiring this year provide financial support to their families or other dependants, according to new research by Prudential. The research into the ‘Class of 2014’ is Prudential’s seventh annual study tracking the future plans and aspirations of people who plan to retire in the next year. It reveals that retirees who still provide regular support to their dependants pay out an average of ÂŁ250 per month, or ÂŁ3,000 over the course of a year.

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We are a nation of worriers but are we worrying about the right things?

Category: Investments & Lifestyle & savings & Uncategorized

Britons spend more time planning their next holiday, haircut and shopping excursions than they do making preparations for their financial future, according to a new study by Scottish Widows, examining the long-term worries of the nation. The survey of 2,000 people conducted by One-Poll in December 2013 and January 2014, indicates that we may be trapped in a vicious circle of our own making, as the things we worry about most are also the things we tend to put off planning for.

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