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New research has shown that a third of workers have stopped paying into their pensions as they can no longer afford them.
The survey by the Prudential has found that ever tightening household budgets and redundancy were the main reasons for people stopping contributions to their pensions; worryingly almost 50% of those who have stopped making contributions say they have no plans to start payments again.
Retirement
The reduction in the amount being saved into pensions will ...
New research has shown that a third of workers have stopped paying into their pensions as they can no longer afford them.
The survey by the Prudential has found that ever tightening household budgets and redundancy were the main reasons for people stopping contributions to their pensions; worryingly almost 50% of those who have stopped making contributions say they have no plans to start payments again.
Retirement
The reduction in the amount being saved into pensions will ...
September 30th, 2011
When reflecting on market movements over the last few weeks, writes Elliott Farley (left) of Nottingham based fund manage T Bailey, it is important for investors to understand that a fundamental principle of investing is that markets don’t always act rationally. Sometimes they get things wrong; usually they overreact in the short-term.
Often this is a good thing when managing a portfolio. Ultimately markets are self-correcting in the longer-term. As a result windows of ...
September 29th, 2011
Thousands of people could receive larger pensions as a result of the way Annuities are marketed to members of company pensions.
At present around one in three people buy their Annuity from the same people who have managed their pension and do not shop around for the best Annuity rate. This can lead to lower incomes in retirement as it is not always the case that the existing pension provider will offer the best Annuity rate. Furthermore ...
September 28th, 2011
Our savings are under attack at the moment, historically low interest rates, combined with high inflation is eroding the capital of many savers.
A typical saver, paying basic rate tax, and investing £50,000 in the best one year fixed rate will see the real value of their savings fall by £866 this year if inflation, using the CPI measurement, stays at 4.5%.
Even for non tax payers or Cash ISA investors very few ...
September 27th, 2011
