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....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 01:44:22 PM
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....Dividends are received by owners of shares in companies. The payments by publicly listed companies are crucial to major investors such as pension funds, which need continuous streams of income, as well as rising share prices, in order to fund retirement schemes. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:01:43 AM
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....6 years. The new retirement age of 68 means our typical Glaswegian male will pick up a state pension for only four to five years, pocketing just £38,000 in total. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 06:00:31 AM
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....John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:00:43 AM
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.... Property is cheap as well, with rent costing 70 per cent less on average than in Britain. If you are retired, Mexico holds even more appeal, as all residents over the age of 60 get an INAPAM (Instituto Nacional para las Personas Adultas Mayores) senior discount card, giving you between 5 per cent and 50 per cent off everything from healthcare, transport, hotels and the cinema. ... [Read full article on Daily Express ]
Monday 17th of July 2017 04:00:00 PM
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....As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. Where the declining ownership chickens come home to roost however is in retirement. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 12:42:11 AM
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....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ... [Read full article on Daily Express ]
Thursday 20th of July 2017 01:40:00 PM
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....The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). However, when it comes to overall pension payments (occupational plus state pensions) most seasoned public sector workers coming up to retirement will note that their state pension is considerably less than that of private sector workers because public sector workers were opted out of the state earnings-related pension and graduated pension schemes. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:14:02 PM
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....The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report). The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture are under enormous pressure from a seemingly endless tide of second homers and elderly English retirees, whose main impact is to price local youngsters out of the housing market. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:05:00 PM
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. The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. ... [Read full article on Daily Express ]
Wednesday 19th of July 2017 01:45:00 PM
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....Lottery illusion . Too many people view their pension as free cash or even a lottery win and Stephen Lowe, group communications director at retirement specialists Just, says they risk throwing it all away. ... [Read full article on Daily Express ]
Sunday 16th of July 2017 02:14:00 PM
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....Savers have now been urged to keep a close tab on saving levels - including investment performance, as well as contributions. Mr Holmes said: “An increasing number of taxpayers who have done the responsible thing and saved for retirement are being caught out by this super tax trap. ... [Read full article on Daily Express ]
Friday 21st of July 2017 03:58:00 PM
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Latest Finance News related to Retire

Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
....The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report). The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture are under enormous pressure from a seemingly endless tide of second homers and elderly English retirees, whose main impact is to price local youngsters out of the housing market. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
....6 years. The new retirement age of 68 means our typical Glaswegian male will pick up a state pension for only four to five years, pocketing just £38,000 in total. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
....The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). However, when it comes to overall pension payments (occupational plus state pensions) most seasoned public sector workers coming up to retirement will note that their state pension is considerably less than that of private sector workers because public sector workers were opted out of the state earnings-related pension and graduated pension schemes. ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
....Savers have now been urged to keep a close tab on saving levels - including investment performance, as well as contributions. Mr Holmes said: “An increasing number of taxpayers who have done the responsible thing and saved for retirement are being caught out by this super tax trap. ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
. People who paid years of national insurance contributions but don't live until or long after retirement age unfairly miss out on income under the current system, blasted the pension expert. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
. The official retirement age will rise to 68-years-old by 2039, seven years earlier than previously planned, as part of plans outlined by the new Secretary of State for Work and Pensions David Gauke. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
. The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. Where the declining ownership chickens come home to roost however is in retirement. ...
Are these the cheapest countries for expat living? image
Source : Daily Express [Read Article] Monday 17th of July 2017 04:00:00 PM
.... Property is cheap as well, with rent costing 70 per cent less on average than in Britain. If you are retired, Mexico holds even more appeal, as all residents over the age of 60 get an INAPAM (Instituto Nacional para las Personas Adultas Mayores) senior discount card, giving you between 5 per cent and 50 per cent off everything from healthcare, transport, hotels and the cinema. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....Dividends are received by owners of shares in companies. The payments by publicly listed companies are crucial to major investors such as pension funds, which need continuous streams of income, as well as rising share prices, in order to fund retirement schemes. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
....Lottery illusion . Too many people view their pension as free cash or even a lottery win and Stephen Lowe, group communications director at retirement specialists Just, says they risk throwing it all away. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
.... . Those running their own businesses typically have enough on their minds without worrying about what might happen when they retire years into the future. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....5 per cent year. The growing cost of retirement payouts will have to be paid by either pushing back the official retirement age, or through lowering the welfare of working age people, according to the politician whose reappointment as chair of the pensions committee was confirmed this week. ...
Pension changes: Anger as workers hit with 'OUTRAGEOUS' tax hikes  image
Source : Daily Express [Read Article] Thursday 13th of July 2017 03:42:00 PM
....". Tom Selby, senior analyst at AJ Bell, added: “Today’s news will come as a bitter blow to thousands of retirees who have used the pension freedoms to access some of their retirement pot from age 55. ...
People who receive financial advice could end up around £40,000 better off image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 06:44:00 PM
....A separate report from the Financial Conduct Authority (FCA) on Wednesday said that a lack of consumer trust in pensions can sometimes result in consumers paying too much tax, missing out on investment growth or losing out on other benefits. Sir Steve Webb, a former pensions minister who is now director of policy at Royal London, said: “Financial advice need not be the preserve of the better off but can make a real difference to the quality of life in retirement of people on lower incomes as well. ...
PENSION WARNING: Savers accessing pots early falling into ‘disastrous’ tax trap image
....Accessing savings early has become the "new norm" since reforms were introduced in 2015, an interim review of the market by the Financial Conduct Authority (FCA) found. However, more than one out of two people fully withdrawing pension pots are simply putting the cash into alternative savings products, which can often leave savers with unnecessary tax bills and poor interest rates, according to the regulator's study of retirement income. ...
Paris's Colette – 'the trendiest store in the world' – set to close image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:19:11 PM
....A statement released by the brand reads: “As all good things must come to an end … Colette should be closing its doors on December 20th of this year. ” It explains that Rousseaux, its founder and namesake, is set to retire: “Colette Rousseaux has reached the time when she would like to take her time, and Colette cannot exist without Colette. ...
FCA warns it may intervene as millions take pension cash early image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:33:01 PM
.... The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. The FCA’s study of the retirement market also found that in more than half of the cases where all the money was taken out of a pension pot, the cash was not spent on cars or holidays, etc; instead it was shifted into other savings or investments, partly because of a “mistrust of pensions”. ...
Retiring abroad: How can I cut the costs of moving away in later life? image
Source : Daily Express [Read Article] Tuesday 11th of July 2017 11:18:00 AM
....There are lots of parts of the world where the standard of living is high, but the cost is low. Thailand, for example, is becoming increasingly popular for retirees due to its comparatively low costs, wonderful weather and beautiful surroundings. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
.... Here, he said, the Bank had noted that mortgage terms were extending from 25 year to 35 years – or even longer. While that makes monthly repayments lower it means the total interest is higher, with final amounts due when the customer may have retired. ...
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
....After six years as chairman of Marks & Spencer, Robert Swannell will take to the podium at an AGM for the final time on Tuesday. The former investment banker will retire in September at a tumultuous time for the retailer. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... Many of those workers, the Shift commission found, may be staying in the workforce not because they want to, but because they have to. Nearly 30% of respondents 55 and over claimed to have zero retirement savings, and 26% had $50,000 or less. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
....Tyrie would have been a shoo-in had he not quit as an MP at the election. His retirement created an unexpected vacancy for a battle that ahead of a ballot in which all MPs can vote looks too hard to call. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
. The pension minister's comments sparked outrage during a House of Commons debate, in which Tory backbenchers joined calls for the Government to help millions of women who say they have been "robbed" of retirement income. ...
Sir Owen Green obituary image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:14:17 PM
.... Those with senior staff actually in the office that day got to pitch for the business. Although he professed a cast-iron rule that his executives should retire at the age of 60, Green carried on until he was 68. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....Since then base rates have been slashed to near zero and stayed there for year after year, hammering the returns on cash. This has been a particular blow for older people who rely on the interest from their savings to top up their retirement income. ...
Lloyds and the FCA must give full story on HBOS Reading fraud | Nils Pratley image
.... The bank argues its hands were tied once police started to investigate in 2010 and that, in any case, fraud was only established in court. But, at the conclusion of the trial, it appointed Dame Linda Dobbs, a retired high court judge, to review the complaints of a cover-up. ...
Retirees lose £8,460 of pension income: Make sure YOU don't make THIS mistake image
. Around half of retirees who have used pension savings to buy an annuity since 2015 will lose out on an average £8,460, found provider Retirement Advantage. ...
State pension age to rise SOONER than expected: Minister warns ‘big decisions’ looming image
....Reading between the lines, industry experts said the minister may be preparing Britons for faster rises in the state pension age. The overall retirement age is then due to rise to 67 by 2028 and 68 by 2046. ...
Don’t be too quick on the draw taking pension pot, says HARVEY JONES image
Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:00:00 AM
.... . Hundreds of thousands have taken advantage since then by shifting their pensions into drawdown, which involves leaving their money invested and drawing regular sums to top up their retirement income. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
. It's feared reforms of retirement saving incentives, which have been looming for years, may be brought forward after the Conservatives formed a Government with the DUP. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....”. It comes as Government figures revealed millions of Britons could be sleepwalking towards a poverty stricken retirement. ...
Let’s move to Aylsham, Norfolk: an extraordinarily ordinary delight image
.... Large creative community. A bit of a retirement town but still full of life by day. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....Sterling had been edging higher after remarks by Threadneedle Street’s governor, Mark Carney, were seen as a hint that the first increase in interest rates in a decade would soon be announced. The ONS said that during the first three months of 2017, the savings ratio – a measure of how much money individuals are putting away for retirement or a rainy day out of their disposable income – fell below 2% for the first time. ...
BoE economist wants to hear about hardship in the UK - first stop Wales image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:26:47 PM
....Three sixth-formers said they feared university loans, and two 25-year-old graduates said friends had left the area because of falling real wages. Alan, who was approaching retirement, said that he had been involved with research that had revealed people’s “coping strategies”. ...
Rupert Murdoch's Sky bid is now very likely to succeed image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:01:16 PM
....The deeper problem may not be the points raised by ISS and Glass Lewis but Burberry’s record of showering its executives, especially Bailey, with vast sums. Peace, after 13 years in the chair, should know the drill: if he loses a second vote, he should accelerate a retirement currently vaguely scheduled for sometime before the end of next year. ...
UK expats in Spain outnumber Spanish in UK image
Source : BBC [Read Article] Thursday 29th of June 2017 11:31:55 AM
....Living near the coast was the most popular choice for UK expats in Spain. Also, 48% of them are retired. ...
'EU pension' planned for people who move between countries image
Source : Guardian [Read Article] Thursday 29th of June 2017 10:59:21 AM
....Many of the features of the EU pension are already on offer for those who shop around, but Valdis Dombrovskis, a vice-president of the commission responsible for financial services, said the brand would act as a quality kite mark, giving people confidence their cash was safe. “It has enormous potential as it will offer savers across the EU more choice when putting money aside for retirement,” he said. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....However, many endowment plans under-performed, leaving hundreds of thousands with a shortfall on their mortgage debt. This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
FCA says UK's £7tn asset management industry needs radical reform image
Source : Guardian [Read Article] Wednesday 28th of June 2017 07:28:17 AM
....Sean Hagerty, the managing director for Europe at Vanguard Asset Management, said: “Costs matter. Every pound that investors pay in charges is a pound out of their potential returns, reducing their chances of being able to afford a comfortable retirement or save for a mortgage deposit. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
Sky Sports to replace numbered channels and slash prices in revamp image
Source : Guardian [Read Article] Tuesday 27th of June 2017 01:29:39 PM
....Sky is scrapping its numbered sports channels and replacing them with themed offerings focused on specific sports – led by football, golf and cricket – as it combats falling viewer numbers with a branding revamp and a cheaper viewing package. The retirement of Sky Sports 1,2,3,4 and 5 and the introduction of a new package two-thirds cheaper than current prices represents a major shakeup of the strategy that has made Rupert Murdoch’s Sky a pay-TV powerhouse. ...
State pension BOMBSHELL: Payments 'to be MEANS-TESTED to stop crisis' image
Source : Daily Express [Read Article] Tuesday 27th of June 2017 11:34:00 AM
....The report by the University of Kent suggests state pension payments should be limited for pensioners paying higher-rate tax from as early as 2019, as a way of cutting the ballooning cost of pension benefits. Under the current rules, the state pension can be claimed by all, irrespective of wealth with access to the payments being given when the person reaches retirement age and provided they have a record of national insurance contributions. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
....The City regulator, the Financial Conduct Authority, is investigating the “extent and nature of the knowledge of these matters within HBOS”. Lloyds has also appointed a retired high court judge to look at whether it investigated the problems in Reading promptly at the time of the takeover and whether it then reported its findings to the authorities. ...
DUP Deal: Pension Triple lock and Winter Fuel Allowance SAVED image
Source : Daily Express [Read Article] Monday 26th of June 2017 12:23:00 PM
.... . It means the retirement income from the state will continue to rise by the highest of 2. ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
...."With many households already feeling the strain of higher day-to-day costs, monthly mortgage payments going up by several hundred pounds a month could tip them over the edge. ”The figures were backed by a separate report which showed retired homeowners are among the main winners in a low interest rate environment, each having earned more than £2,400 a month from their houses in the past year That is around £62,000 over the past seven-and-a-half years, analysis from the over-55s financial specialist Key Retirement shows. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
....He then sold Barclays’ asset management arm and oversaw two share issues to raise capital from the royal families of Qatar and Abu Dhabi. After handing over to Bob Diamond in 2011, Varley retired to Hampshire, but still sits on the board of US fund manager BlackRock, and is chairman of Marie Curie Cancer Care. ...
Property owners' £2.3tn windfall 'has created huge inequality gap' image
Source : Guardian [Read Article] Tuesday 20th of June 2017 05:01:01 AM
.... But while the property bubble hugely benefited many of Britain’s baby boomers, it has also driven generational wealth progress into reverse by pricing younger people out of home ownership. “Property, pension and financial wealth can provide security and opportunities for families, as well as a decent income in retirement. ...
Pension transfers are now worth more than the average home image
Source : Daily Express [Read Article] Monday 19th of June 2017 12:00:00 AM
....This compares with an average house price in the UK of £216,000 as at March 2017. Final salary pensions, which are a type of defined benefit (DB) scheme, are often described as "gold plated" because they give savers a guarantee that they will have a certain level of income when they retire and they have become increasingly scarce. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
. Britain's saving and retirement rules can be complex and difficult to understand, but taking the time to review savings and projected income pays off. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....So if a worker puts in this amount, the company will put in the same, giving a total of 15% of salary going into their pot. That 15% is what is widely regarded by experts as the amount needed to secure an adequate retirement. ...
Pensions WARNING: Pots under pressure as older worker redundancy rate hits record high image
....While most age groups are on a downward trend, for older workers it has risen from 24 per cent of redundancies in 2000 to 34 per cent last year. Stephen Lowe, group communications director at specialist financial services company Just, said: “At a time when people are being urged to work later in life so they can build up adequate retirement funds, this is a worrying trend. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... It would be easier – and cheaper – to beef up the regulatory system than to buy an entire industry. Andrew Tyrie will be a hard act to follow as chairman of the Treasury select committee, as said here when the Conservative MP for Chichester announced his retirement from parliament before the election. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....3 per cent in March, with more expected as the pound weakens further after the election and pushes up the price of imported goods. Andrew Tully, pensions technical director at Retirement Advantage, says pensioners on fixed incomes are particularly hard hit by rising prices: "If inflation averaged 2 per cent over 20 years the typical retired household would somehow need to find a further £187 a week simply to maintain their standard of living. ...
Apple chief: driverless car venture is ‘the mother of all AI projects’ image
....The company’s Waymo division confirmed on Monday it is phasing out its “Firefly” bubble car and has instead sought to highlight its partnership on the Chrysler Pacifica minivan. YooJung Ahn, lead industrial designer and Jaime Waydo, lead systems engineer for Waymo, said in a blogpost: “Now that we’ve moved to our next phase – letting members of the public use our self-driving cars in their daily lives – we’re ready to retire our fleet of Fireflies and focus on integrating our latest technology into vehicles like our new self-driving Chrysler Pacifica minivan. ...
Waymo ditches futuristic self-driving bubble car for … a minivan image
Source : Guardian [Read Article] Tuesday 13th of June 2017 10:39:29 AM
.... Taking the axe to the cute little Firefly bubble car is the next step in that change. YooJung Ahn, lead industrial designer and Jaime Waydo, lead systems engineer for Waymo said in a blogpost: “Now that we’ve moved to our next phase — letting members of the public use our self-driving cars in their daily lives — we’re ready to retire our fleet of Fireflies and focus on integrating our latest technology into vehicles like our new self-driving Chrysler Pacifica minivan. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
. People taking retirement income through pension freedoms are at risk of huge bills from HMRC amid the confusion. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....What is the alternative?. There are currently plans to raise the state pension age to 67 for those born after March 1961 and 68 for those born after March 1977, with proposals to raise the retirement age to 70 by as early as 2057. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
....General Electric said Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s healthcare unit, will take over the post in August. The 61-year-old Immelt will stay on as chairman until his retirement from the position at the end of the year, with the 55-year-old Flannery stepping into the role after that. ...
Quarter of households in UK will rent privately by end of 2021, says report image
....Dubbed “iGens” by Knight Frank, the early twentysomethings have joined “nesters” – couples ranging from millennials to forty-somethings – and 25 to 49-year-old “soloists” and “sharers”, as those who are renting while saving for a deposit to buy a home. However, renting families, along with 50- to 64-year-old soloists and couples and retired people over 65, tend to spend more than half their incomes on rent. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... The shock was that so many of them were among the two million people who registered to vote before the poll and went into the polling booths to mark their preference. But the young must stay vigilant: another lesson of the campaign was that there are vast numbers of older voters who still demand that the government fund their retirements with universal benefits. ...
Renewing your RAC cover? Don’t let them jack up the price image
Source : Guardian [Read Article] Saturday 10th of June 2017 06:00:18 AM
.... Companies that do this really annoy me,” Farrant says. Spurred into action, the retiree, who owns a six-year-old Ford Focus that is solely used by him and his wife Dinah, decided to switch to cover bought from LV= for £80. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
. The 2017 election result means there is set to be a period of huge uncertainty over retirement policies as a new Government forms and how the issues of pension and retirement are dealt with. ...
WPP boss £48m pay voted against by a fifth of investors image
Source : BBC [Read Article] Wednesday 7th of June 2017 02:46:21 PM
.... . Investors also raised concerns over succession plans at the business when Sir Martin, 72, finally retires. ...
Cash savers losing interest over low returns image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 09:17:00 AM
....5 per cent, has subsequently earned just £40 interest on average. That shows the dire impact that low interest rates have had on everyday savers, many of whom are elderly, ruining their retirement plans. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
....9% and was flat overall during the previous year. It is this lack of investment that the next government must address and quickly – not just to strengthen an economy starved of private sector spending since the noughties, but also to address the concerns of a younger generation that lacks an endowment worthy of the name from those already retired or reaching the end of their working lives. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
.... . Lifetime Isas, or Lisas, can be opened by people aged between 18 and 39 to save for their first home, or their retirement, in the same pot, with a government bonus added. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
.... Anyone under 40 can open an account and continue making contributions until they are 50 - but only people who have never bought a home can use the scheme to count towards a deposit. Otherwise, the bonuses can be used for retirement income but savings can't be accessed before the age of 60. ...
First cash Lifetime Isa launched image
Source : BBC [Read Article] Tuesday 6th of June 2017 10:55:03 AM
....Currently only three providers are offering the Lifetime ISA, but those require investment in shares. Money saved in a Lifetime Isa is designed for buying a first home, or for retirement. ...
Virgin plane evacuated in Albury and passenger arrested after note reportedly found image
....A man who allegedly left a threatening note that caused a Virgin plane to be evacuated at Albury airport sat quietly and read a thick novel during the flight from Sydney. Sydney retiree Wendy Willett was unaware of the alarm on board flight VA1174 until she saw police waiting for the turboprop when it landed on the tarmac. ...
Cold revolution  image
Source : BBC [Read Article] Sunday 4th of June 2017 11:01:37 PM
.... . As retirees in particular moved from north to south, they also changed the region's political balance. ...
Job opportunities should not wither as we age | Katie Allen image
Source : Guardian [Read Article] Sunday 4th of June 2017 01:06:00 PM
.... No sooner had Theresa May raised the idea of people paying more for the costs of social care – branded a “dementia tax” – than she performed a U-turn. The focus on the costs of an ageing society continued in a recent warning from the World Economic Forum that the retirement age in Britain and other leading developed countries would need to rise to 70 by the middle of the century to head off a pension crisis. ...
Compensation at last for Britons burned by Spain’s property crash image
.... Some judges will award legal costs, typically 10% of the claim plus a further 5% if the case goes to appeal. • In 2002, Anne, a retired NHS worker from London, and her husband decided to buy a two-bedroom apartment near Marbella. ...

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