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A recent report by insurer Royal London said that homeowners need to save a whopping £260,000 into their pension pot to have a ‘decent’ standard of living in retirement. That might sound a figure way outside of your reach – but don’t panic. The right planning goes a long way. Here are some of the […]
Pensions are a regular payment made by the state or a private company to Britons when they retire. After a long working life it is often something to look forward to, but can also be a big source of worry. Pensions are sometimes a minefield, with making the right decisions and saving enough being of […]
The state pension is a sum of money meant to pay for your in your old age. It is paid to you by the government. So, how much will you receive? The full new State Pension is £164.35 per week, which works out at £8,546.20 per year. The new figure was introduced on 6 April […]
Many retirement funds could face insolvency unless governments increase taxes, divert funds or persuade workers to relinquish money they are owed. The problem, once a hypothetical, would hit retirees for whom it’s too late to engineer a Plan B.
Allison Shelley/Getty Images Corporate pension plans are facing a $ 553 billion shortfall. State, federal and local government pension plans are $ 7 trillion short in funding. The reason for this crisis is simple — investment returns are not high enough. I’ve been talking a lot about the looming pension crisis… My short thesis is, […]
WHEN people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by […]
This may sound a bizarre possibility, but it is all about the pension auto-enrolment law. This says every firm must automatically opt-in all employees (aged 22+ earning at least £10,000) to saving from their salary towards a private pension – to provide money for later life – on top of the state pension. And the […]
Pension rules in the UK have changes as of today, meaning you may take home less in your pay packet, but your pension will increase. You could actually add £100,000 to your savings, as the government forces Britons to save more of their take home salary. Today (April 6) the state requires that five per […]
Martin Lewis, Money Saving Expert, explained the auto enrolment pensions scheme yesterday, which offers by far the best savings. The former journalist appeared on Good Morning Britain to explain how you can make £100 for every £48. He told presenters on the popular ITV programme: “Auto enrolment is a scheme that is coming and I’m […]
EUROPE’S largest pension fund, a scheme for Dutch public-sector workers called ABP, is much feted abroad for its efforts in “sustainable” investing. At home, however, where it provides pensions to one in six families and manages nearly one-third of pension wealth, it is suffering a crisis of confidence. By international standards, Dutch pensions are extremely […]
