- Thursday, 05 December 2013
Nearly a third of Brits won’t be able to make November’s salary last until Christmas
Only 26 per cent have budgeted for the festive expense
The Christmas countdown is on and with three weeks to go, Britain’s number one comparison site MoneySuperMarket.com reveals nearly a third (30 per cent) of Christmas spenders won’t be able to make their November salary last to fund the festivities.
- Monday, 28 October 2013
On the eve of the Pensions Bill report stage and third reading, MGM Advantage has called on the Government to review the policy denying thousands of people inflation-linked rises in their state pension when they choose to retire abroad.
Where a country does not have a reciprocal agreement with the UK, including some of the most popular retirement hotspots, UK pensions are frozen at the point of retirement.
- Thursday, 24 October 2013
22 October 2013: Currently almost a third (28% or 9.1 million) of the UK workforce (32.32 million) is over the age of 50 - an increase of 12% over the last five years.
While the end to the default retirement age has contributed to this increase, new research from Partnership suggests economic necessity will drive this trend going forward as 71% of 50-65 year olds feel that they will need to supplement their income in retirement.
- Tuesday, 22 October 2013
A new article written by myageingparent.com, based on advice from the Money Advice Service, suggests that almost a third of the nation’s millions of carers struggle to cover basic living costs, with more than one in five in debt and struggling to cope financially.
The reasons are well documented: the commitments of a carer make it very difficult to hold down a job, and often even this will be part time and low pay. But, says advice website myageingparent.com, there are benefits and allowances that can provide some help.
- Wednesday, 09 October 2013
Malcolm McLean comments on today’s Aviva report Malcolm McLean, consultant at Barnett Waddingham, comments on today’s report from Aviva which suggests that money trumps companionship when it comes to happiness in retirement:
“The message seems to be getting across – for many people through experience – that having enough money to live in some degree of comfort in later life is second only to good health in importance.
- Wednesday, 09 October 2013
Up to 1.7 million grandparents expect to have to contribute towards university fees,
Around 364,000 grandparents have already contributed
Grandparents are expecting to have to dig deep to help grandchildren afford university fees, reveals new research
The research has been published ahead of a major piece of academic research by ILC-UK, supported by Partnership and Key Retirement Solutions which will be published on 15th October and which explores the full extent of grandparental giving.
- Wednesday, 04 September 2013
Annual report into the cost of funerals, cremations and associated costs reveals that UK funeral poverty is 50% higher than three years ago. Can you afford to die where you live? Huge regional variations over funeral and probate costs. Over 60s too poor to die – savings average less than total cost of dying.
- Tuesday, 03 September 2013
Death – there’s no getting away from it.
It’s simply one of those things that can’t be avoided (along with taxes and the rain in Glasgow).
Joking aside, though, an unexpected bereavement has the potential to cause severe emotional and financial grief for those left behind if there are no funeral plans in place.
- Friday, 23 August 2013
It’s a saying that we are all very familiar with – and in these days when the cost of living seems to keep on rising we should all look at ways we can save those extra pennies. Here are some of our tips that might help your money go that bit further…
For most of us fuel and energy bills are the biggest expense, and recent years have seen inflation busting prices come into force. When was the last time you looked at what you currently spend and whether you are getting the best deal possible?
- Pensioners group welcomes ABI annuity publication
- Worth taking time to shop around for the best annuity
- You can never plan too early for retirement
- Pledge to maintain low interest rates will see pensioners rethink their financial plans
- Reducing Inheritance tax burden becoming a top priority
- New report suggests financial advice is key to making the care system work
- New book launched to help you plan and control your later years
- Pay for care with social care bonds
- Money Advice Service responds to Interest-Only Mortgage Review