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Ten things to do to make sure you can live on your pension

by TIna

Category: Lifestyle & pensions & retirement & Uncategorized

It pays to be prepared as retirement nears – be prepared for change and the inevitable decision-making. The Money Advice Service recommends that from about two years out, you should start thinking about your options and planning for the choices you’ll need to make. Consider getting professional advice because there are decisions that will shape your income and lifestyle for the rest of your life.

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Today’s children will need a £2.4m pension pot!

by TIna

Category: pensions & retirement & savings & social care & Uncategorized

The 800,000 babies born in the UK last year will need to save ÂŁ2.4m into their pension to retire comfortably, while facing rising student and mortgage debt and care costs for their parents. The Office of National Statistics (ONS) recently released figures showing 813,200 babies were born in the UK in 2011/12, the highest number since 1972.

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Pension expectations and pension savings mismatch

by TIna

Category: pensions & retirement & savings & Uncategorized

Following publication of the Office of National Statistics (ONS) latest ‘Pension Trends: Private Pensions 2013′ publication, which reported that the number of active members of occupational pension schemes has reached its lowest level since the 1950s, Scottish Widows is warning that the UK is heading for a ‘perfect storm’ of rising expectations for retirement.

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