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Displaying items by tag: retirement
Nearly 4 in 10 under-35s expect to retire by 60
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.
Single pensioners need £257k more for retirement
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.
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.
Annuity break-even point falls by 5 years
The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.
Annuity sales climb by 22% to 8-year high
Sales of annuities surged more than a fifth during the first three months of the year to reach their highest level for eight years.
10% of over-60s planning to push back retirement
Nearly one in 10 (9%) over-60s say they are planning to delay their retirement indefinitely due to the cost of living crisis, according to a new study.
7IM launches Retirement Income Solution
Discretionary fund manager 7IM has launched what it describes as a “pioneering” Retirement Income Solution (RIS) on its platform.
Millions of over-55s expect to work past 70
More than one in four over-55s (26%) believe they will still be working past 70 due to the cost of living crisis, according to a new survey.
Nearly 9 in 10 early retirees mulling return to work
Almost nine in ten (86%) early retirees between 50 and 54 would consider a return to work as the cost-of-living crisis continues to hit their finances.
1 in 5 delay retirement date
Over one in five (21%) of over-40s have already pushed back their planned retirement date due to the cost-of-living crisis, according to new research.
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