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‘Ticking Time Bomb’ for Widows’ Pensions

Each year, just under 300,000 male pensioners are unwittingly denying their wives a comfortable retirement when they die because they are not taking the right advice when purchasing an annuity with their pension savings. Labelled a ‘ticking time bomb’ by leading pensions campaigner Dr Ros Altmann, the shocking revelation could leave thousands of widows in …

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Two Thirds of Pensioners will Need to Sell Home or Release Equity to Pay for Care say Lib Dems

The future role of equity release as a possible means of funding social care for pensioners has been welcomed by trade body Safe Home Income Plans (SHIP) in response to recent Lib Dem research. Interrogating Conservative plans for a residential social care scheme that would cost pensioners £8,000, the Liberal Democrats have called proposals ‘unworkable, …

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Raw Deal for Older Taxpayers?

A report by Parliament’s Public Accounts Committee into the way that older people, especially pensioners, are taxed has worryingly shown they could be on the receiving end of a very raw deal. Constituting 18% of taxpayers, older people are more likely to abide by tax rules but are less likely to understand them, which means …

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Ex-Pats Migrating back to UK

More than two thirds of Brits who headed off to Europe for a life in the sun are returning to the UK. UK foreign exchange experts Moneycorp have recently reported that 70% of Brits who moved to mainland Europe are now considering coming home because as the value of the Pound has plunged, so has …

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Your Pension: How will you fund it?

Huge numbers of people approaching retirement age — millions in fact – are heading for a worrying mix of hefty mortgages with no savings. A report by Aviva found that 25% of ‘pre-retirees’ – those aged between 55 and 64 – have a mortgage and in 20% of those cases it exceeds £75,000. The report, …

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