Pensioner Investment/Savings

People who are looking into attractive ways to save or invest money can now access the information they require on the internet, cutting out the need for financial advisors, according to one industry body.Independent research from the Fair Investment Company has revealed that 34 per cent of its customers no ... read more

UK savers have already set aside £3 million for this coming Christmas, according to one financial institution.Members of the Yorkshire Building Society's Christmas Saver account have started saving in the first month of the New Year in order to spread the cost of the festive season.The society has offered customers ... read more

People aged over 65 are spending almost £100 billion per year, according to new figures.Data from the Office for National Statistics (ONS) revealed that the age group parted with £97 billion in 2008.Age concern and Help the Aged has predicted that the figure is now likely to have surpassed the ... read more

Workers in the UK who are aged between 50 and 64 are facing a much higher inflation rate following "sharp" rises in December, according to new figures.Recently published data from the Alliance Trust Research Centre revealed that 50 to 64 year-old's faced an inflation rate of 4.1 per cent December, ... read more

The average amount of money UK household spent per week on food and drink increased to £50.70 in 2008, according to a new report.Figures from the Office for National Statistics (ONS) have revealed that the amount rose from £48.10 in 2007.According to the report, average weekly expenditure on fuel for ... read more

Retired people aged between 65 and 74 need to come up with an extra £429 a year to enjoy the same standard of living they experienced last year, it has been claimed.A new report from retirement adviser MGM Advantage has revealed that the cost of living for people in this ... read more

Gas and electricity customers should be prepared for a nasty shock when they receive their winter fuel bills, one price comparison firm has suggested.Despite price reductions from many energy suppliers, the annual energy bill has increased by 36 per cent compared with the beginning of 2008, according to independent comparison ... read more

The UK's largest defined benefit (DB) pension schemes now have a funding shortfall of more than £100 billion, according to new research.Anew report from Aon Consulting has revealed that the 200 biggest DB pensions, including final salary schemes, have a collective deficit of £103 billion.The figure represents a monthly increase ... read more

The Pension Protection Fund (PPF) recently published its Pension Protection Levy Policy Statement for 2010 to 2011.Included in the statement were the board's aims and objectives for protecting UK pension schemes in the coming years.The report revealed that the PPF plans to collect an overall levy of £720 million during ... read more

A recently announced Levy Policy Statement from the board of the Pension Protection Fund (PPF) offers a mixed bag to most levy-paying pension schemes, according to one industry body.The National Association of Pension Funds (NAPF) said the announcement the levy would be held stable was to be welcomed.However, NAPF chief ... read more