Financial Planning
Consumers must consider planning for their future or risk jeopardising their retirement
- Wednesday, 23 May 2012
Alan Dick, Certified Financial Planner professional, Forty Two Wealth Management, says consumers must consider planning for their future or risk jeopardising their retirement.
“The average person seems to have lost faith in pensions at a time when we will all need to take more responsibility for our own income in later life. This is often blamed on pension providers’ charges, poorly performing investments or government’s relentless moving of the goal posts. However, the simple truth is that most people have no idea how much they need to save to fund a comfortable retirement.
Retirement should be a process, not an event, argues ILC-UK
- Monday, 14 May 2012
Older people should expect to work longer and draw upon property wealth to help fund care costs, argues a new think-piece by the International Longevity Centre – UK (ILC-UK)
The think-piece is published alongside polling evidence which found that:
41% of over 45s would use property to fund care
- Friday, 04 May 2012
Partnership, the largest care annuity provider in the UK, has revealed the results of its first Partnership Care Index, where almost 41% of consumers aged 45-85 say that they would need to fund long-term residential care by renting or selling their property.
Property was the 3rd highest payment method among the respondents, behind the State funding their care and pension income.
Rising retirement age and longer life expectancy looms
- Wednesday, 18 April 2012
With the threat of a higher retirement age looming and life expectancy on the up, the Institute of Financial Planning (IFP) has developed the Accredited Financial Planning Firms’ register for consumers, highlighting those firms delivering excellence in Financial Planning as assessed by the professional body.
Make a fresh start with your money
- Wednesday, 11 April 2012
Now the days are getting longer and spring is just around the corner, it’s the perfect time to make a fresh start with your money. As well as spending time clearing out your home, make time to take a fresh look at your money matters.
You may be surprised to find ways to free up some extra cash and make some savings for the year ahead. The Money Advice Service’s free, impartial information and tools will show you how to make a fresh start for the year ahead and beyond.
CQC announces regulatory fees updates
- Monday, 26 March 2012
Following two consecutive consultations on the fees that it charges to health and social care providers, the Care Quality Commission (CQC) has announced changes to its fee structure and the amounts that certain providers have to pay under the Health and Social Care Act 2008. These have been approved by the Secretary of State for Health.
The fees reflect government guidance to CQC that it must recover the costs of regulation from providers.
State Pension Age increases - by 2051 it could rise to age 73 for men
- Wednesday, 21 March 2012
The Government announced in today’s Budget that future increases in State Pension Age (SPA) will be linked to rising longevity.
To give an example of how that could impact upon the future SPA, we can look back at how longevity has improved in the past. According to the Office for National Statistics a male age 65 in 1991 could expect to live for 14.1 years in retirement. A male age 65 in 2011 could expect to live for 18.1 years. So a 4.2 year improvement in longevity over that 20 year period.
Extra £86 billion a year needed to feel financially comfortable in retirement
- Monday, 27 February 2012
New research from retirement income specialist MGM Advantage reveals that the average retired person feels they need an extra £140 a week, or around £7,300 a year, to be financially comfortable. For the retirement nation as a whole, this equates to around £86 billion a year.
However, MGM Advantage says if people shopped around before accepting the annuity rate or product offered by their pension provider, this could increase their income by as much as 50%, helping close the gap.
AXA Wealth comments on ONS figures that confirm people are retiring later
- Friday, 17 February 2012
Mike Morrison, head of pensions development, AXA Wealth, comments on figures released from the Office for National Statistics that confirm people are retiring later.
“Yesterday’s ONS figures confirm the wide spread belief that people are indeed retiring later, and we expect this to rise as state pension age moves upwards.
More Articles...
- Millions of Britons ignorant of care costs
- Lasting Powers of Attorney
- Report backs government-funded older people’s advice service
- Brits risking financial shock in old age by failing to save for care
- More than one third of over 55's have yet to plan their retirement
- Pensioners out-number under 16’s for the first time
- Over 400,000 people over 70 are struggling to make ends meet
