Pension contributions need to increase if people are going to have a comfortable retirement
In order for people to reach their pension goals, the pension industry needs a rebrand.
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Tag: retirement
Early retirement brings happiness says new research
Research shows nearly half of early retirees found their finances worsened as a result of leaving early, with women most likely to have felt a negative financial impact from retiring early.
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Over 50s staff are being pushed out of workforce after redundancy
Over the last five years, 20,000 workers aged over 50 have left the workforce after being made redundant.
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Planning for retirement major issue for working women
How can employers help employees with their pensions?
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A fifth of older workers forced to delay retirement due to COVID-19
Which age group were most financially unprepared for the impact of COVID-19?
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How have the working lives of older employees been affected by COVID-19?
From pensions to unemployment, how have older works fared during this pandemic?
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Andrew Secker: Embracing the new retirement
With UK workers living and working longer, we are beginning to see many looking for a new type of retirement, says Andrew Secker.
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Gender, education and class impacts on retirement and quality of life in older age
Researchers from the University of Birmingham have found that raising your level of education and skills during your working life are key factors in determining your quality of life in retirement and older age.
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Millennials on course to enjoy similar retirement living standards to pensioners today, says report
Millennials are on course to defy widespread pessimism about their retirement prospects and enjoy similar levels of retirement living standards to pensioners today, according to a new report published by the Resolution Foundation.
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Alice Evans: Employees are retiring later and working longer
One out of every five UK pension scheme members expect to work into their 70s, according to research by Willis Towers Watson, with working later perceived as the main solution to inadequate retirement savings for those over 50.
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Rock bottom interest rates pushing millions to work into old age
Almost one in four UK workers say they expect to work past the age of 65 as a result of low...
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One-in-five Brits expect to retire after their 70th birthday
Over one-in-five people in the UK believe they will now need to wait at least until their 70s before they retire, including a small minority who do not believe they will ever be able to retire, according to a major new study of UK employees by Willis Towers Watson.
Read MoreState pension age predicted to rise much faster than expected
It has long been thought that as UK population rises and the age expectancy of that population also increases that the state pension will have to be altered in response. It has now been claimed by the Labour Party and supporting economic experts, that working people may have to wait until there 70s to retire.
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More and more fear they cannot afford the retired lifestyle
Many of those who plan to retire today have already surpassed pensionable age and opted to pass over retirement for a number of years. A study, released by the Prudential, found that many simply cannot afford to give up the office.
Read MoreUK maternity services face crisis as midwives retire without replacements
The average age of maternity staff is increasing. Last year was the first year on record that there were more than 1,000 midwives over the age of 60 working across the UK. With many due for retirement, alarm bells are starting to ring over how the NHS service will continue with such a collapse in numbers of experienced staff.
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Fiona Matthews: The death of pensions – should we be focusing more on long-term savings?
When people start saving into a pension they essentially obtain a pay rise. Not only will the Government top up a pension pot by providing tax relief but employers will often have to contribute as well.
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