Pensions and Retirement

Recession is delaying the age people can retire, a new study has found. According to figures from life assurer MGM Advantage, as many as a quarter of over-55s will work past the required retirement age due to the effects of the economic downturn. Craig Fazzini-Jones, director of MGM Advantage suggested ... read more

The spending habits of Brits going on holiday have been altered because of the recession.That is according to flight comparison website Cheapflights, which has claimed that many Brits are now taking a series of shorter breaks rather than a traditional two week summer holiday.Francesca Ecsery, global sales director of the ... read more

Further confirmation of the fact that employing the over-60s can be beneficial has been given.With McDonalds recently suggesting that employing older people had revenue benefits, an IT company has now claimed the same. Winchester-based Avanquest Solutions gave two salespeople with more than 80 years of experience between them an award ... read more

A charity has suggested that there needs to be more education to get older people on the internet. Age Concern claimed that although there has been an increase in the number of older people online, training still needs to be provided for those who are unsure. "Getting online ... read more

With many people using their equity release scheme money to head off on a holiday abroad, those who are travelling overseas have been urged to make the most out of their foreign money. Dan Moore, senior research at Which? Money has advised that taking money abroad in cash is ... read more

The elderly look set to remain among the worst affected by the inflation rate. According to the Alliance Trust Research Centre, the rate for over-75s has remained unchanged in July at 2.8 per cent. The over-75s now face an inflation rate 56 per cent higher than those under 30. For ... read more

The idea of retirement is outdated and thoughts about it are likely to change it has been suggested.Rachel Krys, the campaign director of the Employers Forum on Age, said that the rapidly ageing population is forcing a change in tack. Her comments come as research from Lancaster University Management School ... read more

People who are in their retirement should consider solar panels as a good energy-efficient option for their homes.That is according to Heat My Home, which asserted that solar energy is beneficial for retirees because of its "longevity".The solar panel provider noted that many people who are either retired or are ... read more

Many people may be forced into an unwanted retirement over the age of 50.That is the finding of a new report by the TUC, which has discovered that almost half of all unemployed people over 50 have been out of work for a year. However, setting up a business could ... read more

People planning for their retirement should not risk relying on a single source of pension income, it has been warned.According to Churchill Financial Planning (CFP), pensions in the UK have lost £29 billion in value over the past 12 months alone because of the fall in property prices and should ... read more