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Displaying items by tag: retirement

Two thirds (63%) of over-55s who plan to return to paid work have failed to check the potential tax implications of doing so, according to a new report.

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The number of Britons looking to release money from their property to fund their retirement has risen to 61%, according to a report from the Equity Release Council.

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Monday, 22 January 2024 12:21

High earners face retirement shock

The UK’s high earners are facing a retirement shock as less than a third are on track for a financially comfortable time when they retire, according to new research.

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Thursday, 11 January 2024 11:17

Too many Planners relying on averages warns DFM

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

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Three quarters (74%) of Wesleyan financial advisers have been caught in the middle of arguments between couples during retirement planning meetings.

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Tuesday, 07 November 2023 11:19

Nearly 1 in 2 over-50s have no retirement plan

Almost half of peopled aged over 50 do not have a detailed retirement plan while only 16% of UK adults are ‘totally confident’ they have enough money to retire in comfort, according to a new UK Retirement Confidence Index.

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Wednesday, 13 September 2023 18:13

Older workers in dark about pension pot size

Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.

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A new survey has revealed that many under-35s have an unrealistic expectation of when they will be able to afford to retire, with many expecting to quit work by 60.

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Single pensioners need £257,000 more than couples to achieve a comfortable living standard in retirement, according to analysis by Standard Life, part of the Phoenix Group.

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Tuesday, 25 July 2023 11:25

Retirement costs soar by a fifth

The cost of a comfortable retirement has increased by nearly a fifth in the last two years as average spending by retired households climbs to £23,675 a year, new analysis of the latest Government data has shown.

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