Customers should not use the information to form an opinion about equity release in relation to their individual requirements.
Baby-boomers ‘confused about finances’
Friday, March 19th, 2010
People belonging to the baby-boomer generation are risking their future by not understanding financial management.That is according to a new report from AXA Wealth which found that only a third of Britons between the ages of 46 and 65 years are prepared for retirement.However, a fifth do not know how ... read more
SHIP: Majority of Britons to claim state pensions
Thursday, March 18th, 2010
A significant percentage of Britons are planning to rely on the state to fund their retirement, according to new research.Figures from a recently-published study by SHIP, the equity release trade body, revealed that 91 per cent of respondents intend to claim state retirement benefits.The figure comes despite 91 per cent ... read more
Unbiased.co.uk: Retirement planning is top service requested by IFAs
Thursday, March 18th, 2010
Advice on retirement planning is the number one service being sought by people contacting independent financial advisors (IFA), it has been claimed.Consumer advice website unbiased.co.uk has revealed that 39 per cent of people using its service in February were seeking advice on retirement planning.By way of comparison, investment and savings ... read more
Britons are not living within their means, says uSwitch
Thursday, March 18th, 2010
Millions of Britons are using credit cards and overdraft facilities to make ends meet each month, according to a new report.Data from a study by uSwitch.com has revealed that 13 million Britons are just breaking even each month, while 5.4 million are spending more than they earn.According to the price ... read more
More people seeking online debt solutions
Wednesday, March 17th, 2010
The number of people seeking online advice to combat their financial difficulties is on the rise, according to one industry body.Figures from a recent report by the Consumer Credit Counselling Service (CCCS) revealed that more than 150,000 people sought debt advice from the organisation's online team in 2009.According to the ... read more
Government announces details of low cost pension scheme
Wednesday, March 17th, 2010
Britons are to be offered a new low cost pension scheme after the government set out expected charges for the National Employment Savings Trust (NEST).The measures are expected to allow millions of UK citizens the opportunity to save for their retirement.Angela Eagle, minister of state for pensions and the ageing ... read more
Will a pension income be enough to fund your retirement?
Tuesday, March 16th, 2010
British workers fear that their pension savings will not be enough to see them through their retirements, according to new research.Data from a recently-published report from savings specialist Hymans Robertson has revealed that more than two-thirds of Britons are concerned that they are not saving enough for their retirement.The study ... read more
NAPF unveils new pension film
Tuesday, March 16th, 2010
A new short film, entitled The Long Weekend, has been released in a bid to encourage British workers to start saving into a pension scheme.The film, which has been unveiled by the National Association of Pension Funds (NAPF), is intended to target the millions of UK workers who either have ... read more
ACA launches retirement income manifesto
Tuesday, March 16th, 2010
Private sector retirement savings need to be reinvigorated, it has been claimed.The Association of Consulting Actuaries (ACA) has launched a new manifesto ahead of the general election, which calls on the next government to implement measures to reverse the "alarming decline" in private sector pension savings.Included in the manifesto is ... read more
PPI: Reform must be fair on taxpayers
Monday, March 15th, 2010
The Pensions Policy Institute (PPI) has called for any proposals to reform public sector pensions to bear in mind the effect they will have on taxpayers.Ahead of the forthcoming election, the PPI has published a discussion paper, which said any changes to the public sector pension market should be used ... read more
