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29 Dec 2017
Workers are expected to reach their peak earnings around the age of 51, yet more than two in five (42%) of those aged 50-59 describe themselves as only “occasional” or “absent” savers, according to research from Aviva. Over a third (38%) of those aged 60-69 fall into the same categories —…
27 Dec 2017
Two in three UK employees have no sick pay provision beyond the statutory minimum, and many would be unable to pay household bills for more than six to eight weeks in the event of ill-health. That´s according to research from health insurance provider BHSF, which said that employees are at risk…
20 Dec 2017
Older investors take a more hands-off approach to protecting their wealth than younger people, according to new research. A survey of over 1,000 UK savers and 500 High Net Worth Individuals, commissioned by Rathbone Investment Management, revealed that over three quarters (77%) of investors…
18 Dec 2017
Work and Pensions Secretary David Gauke has revealed there are plans to extend automatic enrolment pension saving to younger workers. Gauke told the BBC´s Andrew Marr Show on Sunday that there had been “greater saving for pensions” since auto-enrolment was introduced in October 2012, and…
13 Dec 2017
Retirement has meant a new lease of life for millions of people who have stopped work in the last ten years, according to new research from Prudential. In the company´s latest ‘Class of…´ survey, almost nine out of ten (86%) said that retirement has met their expectations or they are happy with…
11 Dec 2017
UK businesses say that rising costs are the biggest challenge they face when delivering employee benefits programmes. The 2017 Benefits Trends Survey from Willis Towers Watson found that 50% of HR decision-makers see the rising cost of benefits as a key challenge over the next three years,…
06 Dec 2017
Growing numbers of people are renting in retirement, but not everyone who is currently, or will be, living in rented accommodation is prepared for this extra cost in later life. Research from Scottish Widows shows that renters aged 50 plus need to save more than £6,000 extra each year, or work…
29 Nov 2017
Eight out of ten people (78%) over the age of 50 are significantly underestimating how long they are likely to live, according to research by Retirement Advantage. The company warned that many people could be left without sufficient income if they underestimate their years in retirement, as the…
27 Nov 2017
MPs are planning to look into “defined ambition” pension schemes, which are common in the Netherlands, Canada and Denmark but are not yet allowed in the UK. Also known as Collective Defined Contribution (CDC) schemes, they are seen as a middle ground between Defined Benefit (DB) schemes such as…