Category: Lifestyle & retirement & Uncategorized
Good news for all of us who have accepted that we are getting older: Saga reports that new European research shows that 60 is the new 40! The research reveals that people are now reaching middle age at the tender age of 60, instead of the previously expected figure of 40 years old.
Category: annuity & retirement & Uncategorized
An annuity is a regular monthly income source that savers, largely from private sector companies, receive at retirement in exchange for their lifetime pension savings. Now George Osborne has said that around five million pensioners, who have used their retirement savings to buy an annuity, will be allowed to sell it for a cash sum after March 2016 and consultation has begun on how a second-hand annuity market might operate and be regulated.
Category: pensions & retirement & Uncategorized
Women retiring in 2015 expect a retirement income 25% lower than men, according to the Prudentialâs annual âClass ofâ research. However, the research also reports that the retirement income gender gap is at its lowest since 2009, when Prudential first started tracking the difference between male and female retirement income expectations as part of its âClass ofâ research. Women appear to be increasingly optimistic about their finances in retirement.
Category: pensions & retirement & savings & Uncategorized
The new pension freedoms are great news for savers, with more flexibility and options for retirement now available. However, the freedoms also come with a level of risk, particularly for that first wave of savers looking to exercise their new rights in the next twelve months or so.
Category: pensions & retirement & Uncategorized
The UK has slipped by four places to 22nd in a global survey looking at the countries with the best â and worst â retirement security, according to a recent Professional Pensions article. Switzerland was named the top performer in the Natixis Global Asset Management CoreData Global Retirement Index (GRI), followed by Norway, Australia and Iceland.
Category: pensions & retirement & Uncategorized
From April 2015, those over 55 will be allowed to take as much money from their pension pot as they like, when they like, until the money runs out, dependent on the rules governing their individual pension scheme.
