Pensioner Investment/Savings

Spending on credit cards fell in the second quarter of 2009, according to the UK Payments Administration. Both the number of purchases and the amount spent were down, by 0.1 per cent and 1.0 per cent respectively. Michelle Slade, a spokesperson for Moneyfacts.co.uk, said that the declines in these figures ... read more

A large number of pensioners are unaware of new changes to ISA limits for the over-50s. That is according to the Post Office, which has found that 62 per cent of people in this age group do not know about the new ISA changes. Richard Normal, director of savings at ... read more

A rising number of Brits are no longer saving, Abbey Savings has discovered. Although those who do save are putting away more, around 40 per cent are not saving anything aside for a rainy day. Such news is important for people approaching retirement, who may find they need to find ... read more

Many people do not know how much money they need when they retire, according to the Institute of Financial Planning. As many as three quarters do not know what their needs for retirement are, while 74 per cent believe that their savings plan will not help them reach their required ... read more

The Trades Union Congress (TUC) has suggested that proposals outlined in a new report concerning ways that government could reduce its spending by £50 billion would hit pensioners hard. According to the TaxPayers' Alliance and Institute of Directors, there are 32 ways in which the money could be ... read more

In what could be disappointing news for older savers, the Bank of England has announced it is keeping the base rate of interest at 0.5 per cent. It is the sixth month in a row that the rate has stayed at the historic low, an outcome that was widely ... read more

Only providers of financial services are experiencing the benefit of consistently low interest rates. That is according to Michelle Slade, a spokesperson at Moneyfacts.co.uk, who has claimed that consumers have seen very little benefit from the 0.5 per cent base rate set by the Bank of England. Among ... read more

An expert has suggested that people should not get too excited that the recession in the UK may have ended. This will add yet further dismay to today's pensioners because as the recession continues, returns on pensioner savings and investments will likely remain low. Michael Baxter, an economist at financial ... read more

When it comes to bagging a bargain online, pensioners are missing out. For those who have perhaps gained some money from an equity release scheme, spending the pounds wisely will likely be high on the agenda. However, research from the Institute of Financial Studies commissioned by Help the Aged and ... read more

Nearly nine out of ten defined benefit schemes are now closed, a new survey by the Association of Consulting Actuaries (ACA) has discovered. Nearly all defined benefit scheme are closed to new members while current members are more and more likely to see their future benefits reduced. Keith ... read more