Customers should not use the information to form an opinion about equity release in relation to their individual requirements.
Leicestershire experiences public sector pension problems
Monday, August 10th, 2009
Tens of thousands of workers in Leicestershire could be affected by news that £500 million has been wiped off the pension fund set up for them. The collapse in the financial markets is behind the problem, with County Hall investment manager Colin Pratt suggesting that it could lead to ... read more
TUC hits out at pension myths
Friday, August 7th, 2009
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
NSPCC closing pension scheme to existing members
Friday, August 7th, 2009
UK-based National Society for the Prevention of Cruelty to Children (NSPCC) is ending its final salary pension scheme. Existing members will be affected by the closure, with the NSPCC claiming that it was doing so to mitigate pension liabilities and the associated financial risk it brought to the charity. A ... read more
Brits approaching retirement enjoy African breaks
Friday, August 7th, 2009
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
Redundancy and retirement feared by public sector
Friday, August 7th, 2009
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
Barclays’ members to protest
Friday, August 7th, 2009
A protest is to take place today (August 6th) in central London over Barclays' pensions. Members of the Unite union are to protest outside of a shareholders meeting after a decision was made to close their final salary pension scheme. Keith Brookes, national secretary of Unite, said that the aim ... read more
Public urged to change retirement perception
Friday, August 7th, 2009
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
Equity release sector grows in 2009
Friday, August 7th, 2009
Equity release continues to be a growing sector despite the recession, according to industry body SHIP. According to SHIP, the number of new equity release customers rose by five per cent in the second quarter of 2009, with 5328 people turning to it. Andrea Rozario, director general of the organisation, ... read more
NIA predicts ageing explosion boom
Friday, August 7th, 2009
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
Over 65s hit by interest rate falls
Friday, August 7th, 2009
Many elderly people are being hit hard by the falling rate of interest on savings accounts. New research from Halifax has found that the over 65s are particularly vulnerable to the changes as 33 per cent are registered to receive gross interest. Adrian Lowcock, senior investment advisor at Bestinvest, has ... read more
