One in three of us plan to use the markets in retirement

Category: Investments & pensions & retirement & Uncategorized

New research from MGM Advantage, the retirement income specialist, suggests that UK adults are planning to use equity investments to help them outstrip inflation and manage the rising cost of living. Over half (53%) of UK adults rate the rising cost of living as their number one fear for retirement, and almost a third (32%) of pre-retirees surveyed, say they would retain some exposure to stocks and shares to offset the negative effects of inflation on their retirement income.

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Is Auto-Enrolment leading us towards a better financial future?

Category: pensions & retirement & Uncategorized

Half of UK employees on lower incomes and half of those aged 30-49 are now saving adequately for retirement, according to the latest Scottish Widows Workplace Pensions Report, showing the impact of automatic enrolment on the groups that need it most. As the legislation approaches its second anniversary, the annual report from Scottish Widows finds that the number of people on incomes of between ÂŁ10,000 and ÂŁ30,000 who are saving adequately for retirement has risen steadily from 34% in 2012 when auto-enrolment was introduced to 50% in 2014.

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New flexible pensions: why we will not be spending them all at once…

Category: pensions & retirement & Uncategorized

Much has been written about the new dawn of pensions flexibility ushered in by the Chancellor in his last budget. Amidst the thunderous applause and cries of ‘long overdue!’ from most pension holders there were, however, stern noises from certain quarters – Labour’s Ed Balls among them – that the overwhelming temptation for many would be to rush out and spend the newly release-able funds on hugely expensive sports cars and exotic once-in-a-lifetime holidays.

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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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