Retirement Planning

Older people are likely to be less able to cope with the current economic downturn, with many set to slip into debt as they approach retirement. That is according to the Consumer Credit Counselling Service (CCCS) which has reported an upturn in the number of older people turning to it ... read more

Which? Holiday has claimed that new air passenger duty would significantly increase the cost of travel. ABTA - The Travel Association suggested that the new increase would mean the price of a family of four flying to Florida could increase significantly from £180 to £240. Travelling to Australia and New ... read more

Age brings happiness, studies have found. Despite many approaching retirement and pensionable age with trepidation, research has found that many people begin to get happier as their years advance. Experts speaking to the American Psychological Association said that although worries did exist about health and income, many older ... read more

Many Brits may have to work into their 70s to receive a state pension. That is the opinion of David Norgrove, chairman of the Pensions Regulator, who has suggested that raising the retirement age from 65 to 68 would likely not be enough. Speaking to the BBC, Mr ... read more

The Trade Union Congress (TUC) has claimed that the suggestion that public sector pensions are unaffordable and out of control are myths. Brendan Barber, general secretary of the TUC, claimed that there will be a drop in living standards due to private sector employers cutting or abandoning their pensions. "Each ... read more

People aged 45 to 59 would prefer to go to Africa over other destinations. That is one of the findings in a study about international travel trends by First Rate Foreign Exchange services. Around 15 per cent would like to visit the continent, while those aged 25-34 are more likely ... read more

Many in the public sector fear redundancy and retirement. That is according to a new survey by Hymans Robertson, who found that many pensioners from the public sector are "neither comfortable nor comforted". Over 90 per cent of the pensioners questioned did not know what their final pension would look ... read more

Independent pension expert Dr Ros Altman has suggested there needs to be a change in the way people perceive retirement. His comments come as the government announces they are to review the Default Retirement Age one year earlier than planned. Dr Altmann said: "Retirement should be a process rather than ... read more

The amount of old people in the world is set to explode in the coming years. That is according to a new census report commissioned by the National Institute of Aging (NIA) in the US. It has been predicted that there will be 1.3 billion people aged over 65 in ... read more

The government has been urged to act to address the problem of poverty in retirement, with new figures showing that growing numbers of over-65s in the UK are living on incomes far below the national average. According to the BBC, the latest figures released by the European Commission show that ... read more