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Socially Most Trending News

. The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. ... [Read full article on BBC ]
Friday 26th of May 2017 12:02:45 PM
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....This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. Fidelity Investments, a staid, Boston-based money manager known for handling retirement accounts, was one of the presenters. ... [Read full article on BBC ]
Wednesday 24th of May 2017 09:07:22 AM
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....Fields, whose pay deal last year was worth $22m (£17m), is in line for a payoff worth $14. 3m, a sum he would not have been entitled to had he left the company under circumstances other than voluntary retirement. ... [Read full article on Guardian ]
Monday 22nd of May 2017 11:28:37 AM
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.... . The report says older workers, and those already in retirement, have the most to gain when companies top up their pension funds. ... [Read full article on BBC ]
Monday 22nd of May 2017 07:16:46 AM
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. The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:07:32 AM
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....Now might be the time to explore the attic for those long-lost masterpieces. Any of us could be just a rare Rothko away from early retirement. ... [Read full article on Guardian ]
Sunday 21st of May 2017 05:59:46 AM
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.... Over the next five years, the population of the UK is expected to rise by 3%, but there will be a 9% increase in the number of people over 65 and a 15% increase in those over 85. More old people means higher pension costs despite the increase in the official retirement age and higher health costs, because the average 90-year-old costs eight times as much to treat each year as the average 30-year-old. ... [Read full article on Guardian ]
Sunday 21st of May 2017 09:58:53 AM
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....“I don’t think they quite grasped how much part of the corporate fabric of Australia BHP is. It has a lot of mum and dad shareholders, a lot of pension money and retirement savings. ... [Read full article on Guardian ]
Friday 19th of May 2017 10:19:28 PM
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....”. Morrissey called on the Government to update the tax and benefit system to reflect the trend towards cohabiting in retirement. ... [Read full article on Daily Express ]
Tuesday 23rd of May 2017 07:53:00 PM
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.... I have two Isas and am thinking of starting another. Our monthly income is £3,500, made up of my flexi retirement salary, local government pension, state pension and my wife’s teacher’s pension. ... [Read full article on Guardian ]
Thursday 25th of May 2017 06:00:21 AM
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.... The country has an unemployment rate of nearly 10% and its manufacturing sector is 12% below the level before the 2008 global financial crisis. Macron has indicated that he does not want to increase the retirement age, change the 35-hour working week or make it easier for companies to dismiss workers. ... [Read full article on Guardian ]
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Latest Finance News related to Retirement

Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
. The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. ...
Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
. The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
.... I have two Isas and am thinking of starting another. Our monthly income is £3,500, made up of my flexi retirement salary, local government pension, state pension and my wife’s teacher’s pension. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
....This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. Fidelity Investments, a staid, Boston-based money manager known for handling retirement accounts, was one of the presenters. ...
The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
....”. Morrissey called on the Government to update the tax and benefit system to reflect the trend towards cohabiting in retirement. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... The country has an unemployment rate of nearly 10% and its manufacturing sector is 12% below the level before the 2008 global financial crisis. Macron has indicated that he does not want to increase the retirement age, change the 35-hour working week or make it easier for companies to dismiss workers. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Fields, whose pay deal last year was worth $22m (£17m), is in line for a payoff worth $14. 3m, a sum he would not have been entitled to had he left the company under circumstances other than voluntary retirement. ...
Workers 'suffer £200 pay cut' to fund pension deficits image
Source : BBC [Read Article] Monday 22nd of May 2017 07:16:46 AM
.... . The report says older workers, and those already in retirement, have the most to gain when companies top up their pension funds. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... Over the next five years, the population of the UK is expected to rise by 3%, but there will be a 9% increase in the number of people over 65 and a 15% increase in those over 85. More old people means higher pension costs despite the increase in the official retirement age and higher health costs, because the average 90-year-old costs eight times as much to treat each year as the average 30-year-old. ...
Brexit and the coming food crisis: ‘If you can’t feed a country, you haven’t got a country’ image
.... The non-UK citizens here are mostly of working age and economically active. The 900,000 UK citizens in Europe are mostly pensioners living out their retirement on the sun belt in increasingly poor health. ...
Brazil's stock market plunges after corruption claims image
Source : BBC [Read Article] Thursday 18th of May 2017 04:31:38 PM
....8% down at 61,575 points. Mr Temer is trying to get pension reforms through Congress that would mean men would have a minimum retirement age of 65, and women 62, and most people would contribute more. ...
Ford looks to cut 1,400 jobs image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:22:17 PM
. Car giant Ford will offer voluntary retirement and other financial incentives to some 15,000 workers in a bid to cut 1,400 jobs in North America and Asia. ...
Chapter closed? image
Source : BBC [Read Article] Friday 12th of May 2017 07:01:27 AM
.... . President Temer proposes to fix the economy by rebalancing the budget, starting by the costly retirement system. ...
Whistleblower sparks Hyundai and Kia recall of 240,000 cars image
Source : BBC [Read Article] Friday 12th of May 2017 05:37:45 AM
....But he also pointed out that his decision to speak out was calculated. He was nearing retirement, and didn't have as much to lose as his younger colleagues. ...
Britain's booming pension funds see retirement income surge by 12 per cent  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:32:00 PM
.... Some six per cent of the funds, which hold millions of pounds of Britons' pension savings, have seen double-digit growth. Richard Eagling, head of pensions at Moneyfacts, said: “The record numbers saving into personal pensions and defined contribution pension schemes have placed even greater importance on the ability of funds to deliver strong performance if individuals are to generate an adequate retirement income. ...
The cost of divorce: Marriage split hits retiree income by £3,000 a year image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:13:00 PM
....The typical expected income for someone who split up with their life partner stands at £16,300 a year, whereas those who stayed together are set for £3,000 more at £19,400, found a report by Prudential. Furthermore, around a fifth of divorcees face spending their retirement in poverty with incomes of less than £9,712 a year. ...
Labour would scrap rises in pension age image
Source : BBC [Read Article] Thursday 11th of May 2017 02:59:31 PM
....If the party were in government, it would commission a new review of pension ages, hot on the heels of the official review just completed by the former business leader, John Cridland. The new review would be "specifically tasked with developing a flexible retirement policy to reflect both the contributions made by people, the wide variations in life expectancy, and the different nature of working lives". ...
State pension chaos: Near impossible to know entitlement, say experts image
Source : Daily Express [Read Article] Thursday 11th of May 2017 01:07:00 PM
.... "So it’s very important to ask for a projection of what you’ll receive from the Department for Work and Pensions. "This can avoid a nasty shock at state pension age and more importantly allow individuals to work out how much of a private pension they need on top of their state pension to meet their future retirement needs. ...
REVEALED: How many interest-only borrowers are paying off their mortgage image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 11:05:00 AM
....But many people didn't have reliable plans for repaying lump sums at the end. Some people have found it difficult to switch to capital repayment mortgages if the loan runs into retirement - amid stringent age rules from lenders - even though many have guaranteed pension income to make repayments. ...
Rock bottom interest rates destroy pension pots as £10m forced to delay retirement past 65 image
. The savings crisis is forcing an incredible 10million Britons to delay their retirement as rock bottom interest rates destroy their pension pots. ...
Labour's stealth pension tax RAID: Corbyn's plans set to hit retirement savers  image
....This is because tax relief is based on income tax rates. Under the current system, people are encouraged to save for retirement with tax relief on contributions - higher rate taxpayers, benefit from higher tax relief. ...
Macronomics image
Source : BBC [Read Article] Monday 8th of May 2017 07:46:22 AM
....However, he also wants to make unemployment benefits available to groups currently not eligible, including the self-employed, entrepreneurs and farmers. And while other European countries look to force people to work longer before being entitled to state pensions, France's official retirement age of 62 will be unchanged. ...
'Your job is affecting your health and relationships' – our work expert responds image
....Readers say. • Get all the information about retirement, pensions, earnings etc for you both – I guess your wife is concerned about future income. ...
HSBC chairman Douglas Flint recalls the good, the bad and the scandalous image
....Douglas Flint has faced a number of calls for his resignation during his six years as chairman of HSBC. At last week’s annual shareholders’ meeting – his last – he was even asked whether he should be spending his retirement in jail. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
.... On top of that, it makes it easier for realtors and mortgage lenders to sell you into closing services that they actually control – essentially giving themselves a kickback. If you’re planning for retirement, financial advisers will also be able to put their interests before yours. ...
Hello Arizona   image
Source : BBC [Read Article] Thursday 4th of May 2017 11:27:10 PM
....Ascensus, a financial company headquartered in Pennsylvania that handles back-office operations for financial advisors, plans to open an office in Arizona this year with about 170 people and room for more. Chief executive Bob Guillocheau said the industry is in a good position, as the country ages and relies more on private accounts to pay for retirement, college and health care. ...
Lifetime ISA 'THREAT' to retirement income: How LISA could damage YOUR pension image
....A third of under-40s are set to cut the amount they invest into workplace pensions or leave the scheme altogether to save into the recently launched savings accounts, according to research from MetLife. It is feared the Lifetime ISA (LISA) could create a damaging 'two-tier' system for retirement, after providing an alternative means of saving for life after work. ...
Fears savers are being tricked OUT of gold-plated final salary pensions image
Source : Daily Express [Read Article] Thursday 4th of May 2017 11:49:00 AM
. Members of gold-plated Defined Benefit (DB) schemes, which offer guaranteed income for the duration of retirement, could be tricked into transferring into Defined Contribution (DC) schemes - where a savings pot remains invested - only to realise their limitations when it's too late. ...
'My parents want to help me but can't': readers on affording their first home image
....I work part-time as a barista and am chronically ill with a disability. I can’t rent privately as no landlord I can find wants someone “on benefits” and there are barely any have accessible properties that aren’t in retirement parks. ...
How ‘Bank of Mum and Dad’ can help children buy home WITHOUT having to hand over cash image
.... "Parents who wish to maintain control over their savings may consider alternatives to simply handing them over, such as the Barclays Springboard mortgage or the Family Building Society Family Mortgage, where savings are offset against the mortgage as security but the parents get them back at a later date. "This can also be useful for retirement funding, ensuring parents aren’t left penniless in their old age. ...
Over 65s mortgage crisis: Debts to DOUBLE in 13 years image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 10:38:00 AM
.... . They will be more likely to trade up later in life and repay at least part of their mortgage using their retirement income or draw more to fund needs in later life. ...
Are you set to lose tax relief on YOUR pension after this General Election?  image
. Calls for joined-up retirement policies have intensified after the Government last month introduced the Lifetime ISA. ...
Where oil rigs go to die image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:30:18 AM
.... Months after disembarking Winner for the last time, her crew could describe for me with precision, as if they were established personality traits, the rig’s distinctive pitch and roll, the chatter of her anchor chains in wind, the subtle but thrilling smell of helicopter fuel that came through the ventilation system to let them know a batch of letters and newspapers had arrived. Meanwhile, in Malta, Pule kept a vigil on Winner from his roof, and sent me long emails in which he ruminated on the rig’s visible old age, on her retirement, on an end to the obvious usefulness of things; he did not always register a distinction between the vessel’s state and his own. ...
Poorest face ‘double whammy’ if Tories ditch triple lock on pensions image
....5%. Chris Noon, a partner at leading pensions consultancy Hymans Robertson, said linking increases to earnings growth or inflation would, over time, erode the value of the pension and push larger numbers of people into poverty on reaching retirement age. ...
May vows to protect pensions from 'unscrupulous bosses' image
Source : BBC [Read Article] Sunday 30th of April 2017 03:59:09 AM
....Mrs May said: "Today I am setting out our plans, if elected, to ensure the pensions of ordinary working people are protected against the actions of unscrupulous company bosses. "Safeguarding pensions to ensure dignity in retirement is about security for families, and it's another example of the choice in this election. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
....A spokesman for the Organisation for Economic Cooperation and Development (OECD), the Paris-based thinktank, said last week that the answer for Britain was to means-test the basic pension. An alternative would be to design an income tax system specifically for the country’s 12 million pensioners; one that increases the tax burden for the third who have more than enough money to enjoy their retirement. ...
Martin Sorrell and the sunset of the superstar chief executives image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... Instead of the standard notice period of 12 months, it says he can terminate his service – or that the company can – “at will”. Sorrell may only own a few per cent of the company he founded – his stake and that of his family trust is currently worth £427m – but the idea of retirement couldn’t be further from his mind. ...
MPs say 'dominance' of big home-building firms must end image
Source : BBC [Read Article] Saturday 29th of April 2017 01:27:41 AM
....The committee found that smaller builders struggled to obtained land for development, as local authorities focused on large sites which only big companies could afford to take on. The Homebuilders Federation said: "We fully support the committee's call for measures to assist smaller builders, encourage new entrants and scale up specialist housing sectors, such as the retirement housing market. ...
Buy-to-let slump benefits first-time buyers, plus the best broadband firms image
....Which? survey reveals best and worst UK broadband providers. Put just £40 a week aside to enjoy a happy retirement. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....New figures reveal that growing numbers of landlords are fleeing as their sums no longer add up. Millions of ordinary people who hoped to buy a rental property to underpin their retirement income have been forced to rethink their plans. ...
Most global investors recognise financial risk of climate change, report finds image
....But Hewson said there was still “enormous resistance” among Australia’s asset owners because they tend to “take a very short-term focus, and rely on short-term remuneration, so they won’t take a medium to long-term challenge on easily”. Hewson said asset owners tended to have a “herd instinct” and many people saving for retirement haven’t focused on the risk of a climate-induced financial crisis and exercised their concern through choice of fund. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
....The British Government has raised the pensions entitlement age to 66 for everyone by 2020 far ahead of European countries including Germany, Spain and France. In Germany the retirement age is to be increased gradually and reach 67 years in 2029. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....“However, Mrs May will be nervous about angering pensioners, whose votes will be crucial,” Selby adds. Tom McPhail, head of pensions policy at Hargreaves Lansdown, says plans to increase the state retirement age may also be put on hold: “There are very few votes to be won by telling 40-somethings they have to work for another year or two before they qualify for their state pension. ...
Put just £40 a week aside to enjoy a happy retirement image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
. The press is chock-full of stories about our impending financial doom in retirement. ...
PENSION CRISIS: Women LAGGING behind in huge pensions gap image
Source : Daily Express [Read Article] Wednesday 19th of April 2017 12:01:00 AM
.... . Rising stock markets since last June have also pushed up the value of the nation’s nest eggs, but many will struggle to generate sufficient retirement income thanks to low interest and annuity rates. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
.... However, under the turnaround plans Tata Steel will invest £1bn in modernising its UK operations in return for replacing its final salary pension scheme with a less generous contribution scheme. But while Tata Steel has won the backing of workers to change their future retirement benefits it is still battling to find a solution for the existing liabilities in the British Steel Pension Scheme. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....The influential Commons work and pensions select committee said that the move by private equity firm Rutland Partners, which sold the company’s assets for £87. 5m via a “pre-pack” administration last year, resulted in the 700 members of the scheme facing large cuts to their retirement income. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
....6billion. Experts are now warning savers to avoid making mistakes that will mean higher tax bills and less money in retirement. ...
Royal Mail union warns of industrial action over pension scheme closure image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:44:38 AM
.... Unite, the UK’s largest union, also threatened potential strike action if a better pension deal with the company is not reached. Ray Ellis of CWU said the unions had put together an alternative proposal a few weeks ago, called the “wage in retirement” scheme, which would preserve the defined-benefit plan but share the risk between the employer and employees, and would not increase Royal Mail’s costs. ...
Strike threat after Royal Mail closes pension scheme image
Source : BBC [Read Article] Thursday 13th of April 2017 07:32:05 AM
....The CWU said its members - including sorting and delivery staff - could lose up to a third of their future pensions as a result of the change. A 50 year-old earning £25,000 a year and retiring at 65 would lose £4,392 a year, or more than £100,000 over the course of their retirement, it said. ...
Millions of Britons say property is their pension - but fifth yet to buy image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:32:00 PM
....Almost half of 35-54 year olds say property will act as a pension, despite more than a fifth not being home owners, according to research from the Pensions and Lifetime Savings Association (PLSA). It also means these people could see their retirement prospects dented if house prices stall. ...
Final salary pension warning: Savers risk ruining retirement with transfers image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 03:24:00 PM
....Pension transfer values have reached record levels in recent weeks, which is tempting members out of so-called Defined Benefit schemes. But it's thought many don't fully realise the risks and that they could end up poorer in retirement as a result. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
.... Overnight, their income has crashed,” said Gale, who works closely with The International Consortium of British Pensioners. “We’re talking about a lot of very elderly, very frail people living on retirement incomes, many of whom are already so badly off that they moved to warmer countries to save on fuel payments,” Gale said. ...
Inflation rates puts squeeze on savers as UK is in the midst of a 'silent savings crisis' image
....”. However, savers aged between 18 and 39 may prefer the Lifetime Isa, which offers a 25 per cent bonus to those saving for a first property deposit or retirement, worth £1,000 on the maximum £4,000 investment, Cox said. ...
The early bird Isa investor catches the best returns image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....Early bird investors should also wake up to the benefits of the new Lifetime Isa, or Lisa, says Nick Onslow, chartered financial planner at Russell Ulyatt Financial Services. This is open for those aged between 18 and 39, offering a Government-funded 25 per cent bonus as an incentive to save a deposit for their first home, or set money aside for retirement. ...
How to boost your pension by £700 a year: The amazing simple trick for YOUR retirement image
....  Henry Stott, director at Dectech, said: “Yes, auto enrolment has successfully managed to get more people saving into a workplace pension, by using people’s tendency towards apathy to discourage them from opting out. "But that same apathy is leaving people invested in the wrong funds and so they are missing out on vital money in retirement. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
....The bank has already paid $185m in fines to federal and local authorities and settled a $110m class-action lawsuit. The scandal also resulted in the abrupt retirement last October of longtime CEO John Stumpf, not long after he underwent blistering questioning from congressional panels. ...
Why Silicon Valley wants to thwart the grim reaper | John Naughton image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... It’s also the process that ensures human vitality: young people arrive with ideas that their elders never had and death makes room for them to grow, thrive and die in their turn. That’s why elite US universities, which do not have a retirement age for tenured professors, are increasingly desperate to find ways to incentivise them to quit. ...
Having enough money is key to happy retirement image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
.... . The couple, both aged 72, are now free to enjoy the rest of their retirement without worrying about unpaid debts. ...
Property’s equity can help your loved ones image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
.... . Nigel Waterson, chairman of the Equity Release Council, says lending topped £2 billion last year for the first time ever as innovative, flexible products encourage more people to use their property wealth in retirement: “Customers can now ring-fence a percentage of their equity to leave as an inheritance. ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
.... Some economists, such as the former US treasury secretary Larry Summers, say the global economy is gripped by so-called secular stagnation, in which excessive savings and weak investment lead to weaker growth and lower interest rates. The IMF, in a chapter from its forthcoming Global Financial Stability Review, said the decline in real (inflation-adjusted) interest rates since the mid-1980s had been caused by slow-moving structural factors such as weaker growth and the desire of an ageing population to save more for their retirement. ...
Lifetime ISA available NOW – 12 myths about the new Lifetime ISA image
Source : Daily Express [Read Article] Thursday 6th of April 2017 09:37:00 AM
. The new type of savings account is designed to let people aged 18 to 40 save for their first home or retirement without paying tax on the interest they earn. ...
Banks and building societies snub Lifetime Isa launch image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:57:02 PM
....None will offer Lisas immediately, saying they are either not ready or prefer the existing Help to Buy Isa. Lisas are aimed at people who want to save for a house, or for retirement. ...
Pension CRISIS: Just one in five of Britons expect to stop work by 65  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 03:15:00 PM
. More than half of people think they will continue working into their later years, with a lack of savings thought to be blocking many from starting retirement. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
.... It means if £4,000 is saved into a LISA, only another £16,000 can be put into the other ISA for the year. What's the catch?Savings can only be used towards the deposit on a first home or taken at retirement aged 60. ...
BMW strikes set to disrupt Mini and Rolls-Royce production image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:39 AM
....The Unite union said the eight strikes would significantly disrupt production of Minis and called on BMW, the owner of Mini and Rolls-Royce, to hold talks to resolve the dispute. The trade union claims workers could lose up to £160,000 in retirement benefits because of the German company’s plans to close its final-salary pension schemes by the end of May. ...
BMW workers to stage first UK strikes over pensions image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:37:44 AM
....BMW employs about 8,000 people and Unite says that the action could involve up to 3,500 workers who are in final-salary pension schemes. Unite claims that BMW's intention to close the pension scheme by 31 May could reduce employees' retirement income by £160,000. ...
New Isa offers free cash deal to young savers image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 07:58:00 AM
. The Lifetime Isa launches on Thursday April 6, offering those aged between 18 and 39 a generous Government-funded bonus to help them save for their first property or retirement. ...
McCarthy & Stone blames Brexit for tumbling profits image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:05:36 AM
....2m and legal completions shrank by 6%. McCarthy & Stone chairman John White said: "The group continues to address the increasing market demand for retirement housing generated by a rapidly ageing population and has made good progress in recovering its workflow momentum following the outcome of the EU referendum last June. ...
The property billboards that reveal the truth about Britain’s luxury housing market image
....5bn to pay for affordable housing, as well as £396m to help pay for schools, parks, shops, transport and other public amenities”. The project in question contains “84 affordable senior living homes,” it adds, using the Newspeak definition of affordable: the one-bed retirement flats start at £565,000, and they will be overshadowed by the hotel next door. ...
Fears for state pension: Over-55s believe vital income could be SCRAPPED by Government image
....Tax breaks or walk-in financial centres are among the ways the Government could encourage guidance, according to respondents. Vince Smith-Hughes, retirement income expert at Prudential, said: "Two years on from the introduction of the new rules there is also widespread confusion with two out of three over-55s admitting they don’t fully understand the reforms. ...
How to fight back against age bias on finances image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
Lifetime ISA 2017: Seven reasons to transfer money from Help to Buy ISA to Lifetime ISA image
.... . Lifetime ISA holders, who are either saving for retirement or their first home, will also receive a government bonus of 25% on any savings put into their account. ...
UK BMW workers back strike over pensions image
Source : BBC [Read Article] Friday 31st of March 2017 03:35:54 PM
....BMW workers making engines and the Mini and Rolls-Royce motorcars plan to strike over plans to close their final salary pension scheme. The union says the proposal could see some UK workers lose up to £160,000 in retirement income. ...

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