Average Pensioner Retires Owing £34,000

Debts are weighing down the over 55s so much that many have no choice other than borrowing against their homes to clear what they owe on retirement. The average pensioner retires with £34,000 of debts on credit cards, mortgages, loans, overdrafts and other borrowings. Rather than pay this money with pension cash, one in three […]

How Much Will You Need To Save For Retirement?

The big unknown for retirement savers is how long they are likely to live and how much money they will need to fund a comfortable lifestyle. The question is now partly answered by new statistics released by the official Public Health England (PHE). Men can now expect to live to an extra 19 years after […]

Young Savers Expect To Retire Too Early

Young workers seem to have an unrealistic expectation that they will live longer and have more money when they retire. Even though they will have smaller pension funds and will have to wait until they are much older for the state pension, they still expect to give up work at a younger age, says research […]

Retirement Shock Kicks In When You’re 35

If you are around 35 years old a pensions reality check is about to set in and alter your perceptions about savings, according to a new survey. At 35, you have reached the age when the concept of retirement and how much money you need to provide a comfortable income start to hit home. Forget […]

Savers Don’t Know How Much Money They Have

More than half of workers approaching retirement have confessed they have no idea how much they have saved to fund their lifestyle when they give up work. The shock response was the result of asking more than 3,000 workers aged between 45 and 64 years old about their financial plans for retirement. The survey, by […]

Over 55s Plan To Carry On Working

Fewer over 55s plan to give up work when they reach retirement age as millions feel they need to keep earning to supplement their pensions. For a long time, the generally accepted retirement age has been 65 years old, but attitudes of older workers have changed and they no longer view the milestone as the […]