One of the UK’s biggest banks is being stretched to its limits by Covid – however, it’s not one with branches on the High Street, but the ever-reliable “Bank of Mum and Dad”. New research from interactive investor’s Great British Retirement Survey shows that: More than half (51%) of parents already retired had helped their […]

The latest ONS figures for life expectancy in the UK have highlighted the growing concern in the pensions sector about whether many people have enough savings and investments put aside for a comfortable retirement. The average life expectancy in the UK in 2017 to 2019 was 79.4 years for males and 83.1 years for females, […]

The average age at which we begin to feel “invisible” and that society is ignoring us is 57, according to a new study by SunLife. In their “Retiring Ageism” Report, SunLife asked 2,000 people in their 50s, 60s, 70s and 80s if they feel their age is negatively affecting their lives. Over a third (35%) of Brits say they began […]

A new survey predicts a significant rise in the number of older people opting to sell their homes and rent a “senior living rental property”. Who might live in a house like this… and what are the pros and cons of simply renting a mainstream house in later life? By Tony Watts OBE Over the […]

Step aside, High Street banks and building societies. The real financial muscle powering our recovery from Covid in the coming year will be the “Bank of Mum & Dad” – or “BoMaD” to use its rather annoying acronym. As house buyers in particular struggle with the economic impact of the COVID-19 crisis, new research from […]

Four years after the introduction of pension freedoms, major concerns continue about the number of savers taking professional advice before drawing down or moving their savings, which could lead to some finding they run out of funds in retirement or making poor investment decisions. More than £35 billion has been withdrawn from pension funds by […]

In this blog reprinted from www.nodesiretoretire.com, RetireEasy director Tony Watts OBE explains why enforced changes in working practices could have beneficial effects for those older people wanting or needing to delay retirement. The current popularity of delaying retirement is a far cry from when I started writing about later life issues over 30 years ago. Then, […]

While in the short-term savers and investors are taking an economic hit through stock market volatility and low interest rates, there’s mixed news from pension specialists XPS, who are forecasting “long-term vulnerabilities in pension schemes following the pandemic” – as well as a potential £90bn reduction in the funds’ liabilities and a boost to annuity […]

The Association of British Insurers (ABI) has called for changes to tax relief on pensions to make the system more equal. The move comes in the wake a report from the Pensions Policy Institute (PPI) which demonstrated that higher earners gain most from the current system – particularly men. Tax relief tops up pension savings, […]

The pandemic has wrought huge changes in recent months… not least in the way many employers have had come to terms with more flexible ways of working.   So will this be a template for a “new normal” which will prove a boon to older people keen to boost their retirement finances by remaining at work […]