Over 50% of women haven’t started saving for retirement

Over 50% of women haven't started saving for retirement56% of woman haven’t started saving for the future, research conducted by YouGov has recently shown.  The study, commissioned by Scalable Capital as part of their Women’s Initiative, also suggested that 44% of men and women in the UK are concerned about not having enough money for a comfortable retirement. Are women the only ones who aren’t saving? Whilst the survey was intended to research the ways in which British and German women are, or are not saving for their retirement, it also gave an ...

Have you chosen the right way to save for retirement?

Have you chosen the right way to save for retirement?With the State Pension currently worth a maximum of £155.65 a week, making additional provision for your retirement is essential if you want the financial freedom to enjoy your later years. Saving for retirement doesn’t need to be complicated, although it’s always helpful to pose some key questions, for example: How much will you to need to live on? How long do you have to save for retirement? When do you want to retire? How will inflation affect you? Will you qualify ...

Sharp rise in retired renters

The difficulties younger people face when trying to get onto the housing ladder are well documented. Rising house prices, and tighter mortgage lending criteria, have combined to push the average age of a first time buyer well past 30, consequently younger people are staying in the rented sector for longer. However, the rise in older renters has, so far, been less well covered by the financial press, but new research by the National Landlords Association (NLA) has revealed some surprising results. According to the research: The number of retirees living in private rented ...

Retirement: Are you putting your financial future in jeopardy by giving too much money away?

Are you putting your financial future in jeopardy by giving too much money away?There are many reasons why parents and grandparents may want to help out younger generations of their family. But new research has shown that in doing so, they are potentially putting their own standard of living at risk in retirement. The research, by Investec Wealth & Investment, surveyed 1,109 people during September and found that: 32% of parents and grandparents plan to, or are already, making gifts to their children The average amount gifted each year is £5,206 Of those people ...