retirement

Retirees’ incomes squeezed to support their families

June 06, 2014 by TIna

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 £250 per month, or £3,000 over the course of a year.

Are you comfortable managing your own pension savings?

June 02, 2014 by TIna

Category: pensions & retirement & Uncategorized

In a post-Budget survey, MGM Advantage revealed data showing the risk people are willing to take managing their own pension savings when rules over pensions come into force in 2015. 28% of the over 55s surveyed said they were not comfortable taking on the risk of managing their own pensions to provide a suitable income throughout retirement.

Only 3% of over 55s will blow the lot when they get access to their whole pension in 2015

June 02, 2014 by TIna

Category: retirement & savings & Uncategorized

New insight from fieldwork undertaken by MGM Advantage in March 2014, reveals the approach people are likely to take when they have full access to their pension pots for the first time, following the radical changes announced in the 2014 Budget.

Over-55s benefit from boosted income and savings

May 27, 2014 by TIna

Category: retirement & savings & Uncategorized

Britain’s over-55s are cashing in on the improving economy with rising incomes leading to more than £150 extra in their pockets a month compared to the same time last year, Aviva’s latest Real Retirement Report shows. Findings show savings pots have increased too, but the level of monthly expenditure has risen with the cost of living putting increased pressure on household budgets.

How long do you think you’ve got left?

May 01, 2014 by TIna

Category: Lifestyle & retirement & Uncategorized

A new report from MGM Advantage, put together with research conducted in October 2013, asked the following question of respondents: ‘Being as realistic as you can, approximately how old do you think you’ll live until?’

The Advantages and Disadvantages of Equity Release

April 05, 2014 by TIna

Category: Investments & Lifestyle & retirement & Uncategorized

“Property rich, cash poor” has been the lament of thousands of older people for a very long time – and equity release originally came into being to address this concern.

Retirees’ incomes squeezed to support their families

Are you comfortable managing your own pension savings?

Only 3% of over 55s will blow the lot when they get access to their whole pension in 2015

Over-55s benefit from boosted income and savings

How long do you think you’ve got left?

The Advantages and Disadvantages of Equity Release

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