Round up of the Headlines
1 in 5 planning to retire in 2010 have no pension-average expenditure in households headed by someone aged 65 to 74 was £321 p.w. while the State Pension will account for 34% of income in retirement.
Many Britons are living in a RETIREMENT FUNDING DREAM as maybe only 7% of people will be able to afford an independent retirement. They are not saving enough, not talking to financial advisers and not talking to their families, yet they still expect to have a comfortable with the help of the State, whose well is running dry.
Business owners fail to protect their main assets ie the people in them as an illness or death of a key person can spell disaster for any business.
Too few adults preparing for retirement-so the UK is heading for an age crisis of MONUMENTAL proportions as there is a misguided view that government will provide.Individuals will be forced to meet the cost of retirement on their own or FACE POVERTY. Live now , worry later culture has one hell of a price tag, MISERY.
75% of high earners look at moving abroad-to avoid tax but I believe many others may be forced to find somewhere cheaper to live.
Retirement planning unpopular with women as they seem to rely on State and husbands, but will they both still be around to provide?
Retirement age should be scrapped-keep older Britons working and healthy benefits the economy by decreasing welfare costs.
Cost of missold PPI could hit £4bn – jamijo is claiming it’s share for clients.
Are you fully in control of your finances? Be a good cub scout and sort out your life and critical insurance, your will, your pension and protect your earnings, keep an emergency fund and review it all regularly. Everyone is busy so make it a priority, stick it on top of your to do list.
Britain’s grey exodus as fed up with crime and weather and creaking economy. Get in the queue as it is going to become more prevalent.
