Serenity

Latest ‘Retirement Readiness’ report shows the UK still has a major savings problem

July 02, 2015 by TIna

Category: Lifestyle & retirement & savings & Uncategorized

New research in Spring 2015 from Aegon UK reveals that just 7% of the UK population are on track for the retirement they aspire to, exactly the same percentage as in April 2014. Aegon’s third UK Readiness Report – the latest in a series of reports that looks at attitudes towards retirement – has a particular focus on levels of engagement with workplace pensions. It finds that the nation’s ‘readiness score’ has actually fallen over 12 months from 52 to 47. The people surveyed said that they wanted to retire at age 63, contributing to the falling score, as people’s expectations about the amount of money they hope to retire on each year rose from £35,000 to £42,000, despite the fact that this would require a saving pot of more than £1m, a sum higher than the new pension lifetime allowance.

July Market Commentary

July 02, 2015 by TIna

Category: Market commentary & Uncategorized

An essential part of writing this bulletin each month is making daily notes on the main business and stock market news. This month we have comfortably broken our record – more than six pages of notes. And as you might expect, about half of those pages are about Greece and its debts.

UK wage growth hits four-year high of 2.7% in April

July 01, 2015 by TIna

Category: Economy & Uncategorized

Wage growth in Britain hit a four-year high of 2.7% in April, according to the Office of National Statistics (ONS) figures, delivering a welcome increase to household finances following the fall in inflation this year. But some analysts warned that the jump in real wages, the highest for seven years, would be short-lived if inflation continued to rise over the rest of the year and productivity remained flat.

Discriminatory expat state pensions

June 30, 2015 by TIna

Category: Lifestyle & pensions & Uncategorized

Retiring abroad is a common desire for many in the UK. For those that move to the sunny Mediterranean countries of the EC their UK state pension is preserved and increased each year. If you move to the United States, it is preserved and again increases each year in line with state pensions paid in the UK. This is not the case for every destination however, and the International Consortium of British Pensioners (ICBP) has said the UK is the only country in the Organisation for Economic Development and Co-operation (OECD) that does not ‘up-rate’ their state pension for all pensioners regardless of where they live.

The dash for ‘pension freedom’ retirement cash slows down

June 29, 2015 by TIna

Category: financial planning & Uncategorized

After an initial dash for cash following the introduction of pension freedoms in April 2015, customers are taking more time to consider their options, according to a Scottish Widows reported published on the 1st June 2015. From the initial surge at the beginning of April until the middle of May, Scottish Widows has seen a 72% drop in full pension encashment requests.

July 2015 Budget Preview

June 23, 2015 by TIna

Category: Budget & financial planning & Uncategorized

George Osborne will deliver the second Budget of 2015 on Wednesday, July 8th, just two months – almost to the day – after the Conservatives secured an outright majority in the General Election.

Our insights

Latest ‘Retirement Readiness’ report shows the UK still has a major savings problem

July Market Commentary

UK wage growth hits four-year high of 2.7% in April

Discriminatory expat state pensions

The dash for ‘pension freedom’ retirement cash slows down

July 2015 Budget Preview

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