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Mar 24, 2010

‘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 […]
1 min
Mar 17, 2010

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 […]
1 min
Mar 11, 2010

Pensioners to Sell Home or Release Equity to Pay for Care

The future role of equity release as a possible means of funding social care for pensioners has been welcomed by trade body Equity Release Council (formerly 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 […]
1 min
Feb 13, 2010

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, […]
1 min