Life expectancy: Don’t let yourself run out of money too soon

Over-50s could be underestimating their own life expectancy by up to eight years, according to research by Retirement Advantage. The study shows that 78% of people believe their life will be much shorter than official data predicts. Both men and women aged 50 to 64 expect to live until an average age of 82, but according to national statistics, the life expectancy for:   Men is 88 Women is 90 Whilst it may sound like good news to find that you could live longer than you thought, it can be very bad from ...

How to find a lost pension

A pension is a peculiar thing to lose. Most of us regularly misplace our keys, phones and glasses. But, an increasing number of people are losing track of their pensions, according to new research from Aegon. And unlike those pesky car keys or reading glasses that eventually turn up (typically in the last place you’d ever think to look), these pensions remain unclaimed. According to the Government, the total value of these pensions is estimated to be £400 million (Source: Gov.UK). With the average worker now holding more ...

The two reasons why people don’t take financial advice; and why they should think again

The two reasons why people don’t take financial advice; and why they should think againIt is often said that we give advice by the bucket, but take it by the grain. And for good reason, too. Many of us are reluctant to take advice, even when it is in our best interests (ask any Dentist). But what about when the stakes are higher than simply remembering to floss? Would you be as willing to overlook advice if it severely impacted your financial wellbeing in retirement? It’s an abstract danger, admittedly. Many people don’t ...

Tooth fairy encourages savings?

Tooth fairy encourages savingsAnybody who has visited the dentist recently knows that teeth aren’t cheap. However, research from Halifax suggests that teeth are now worth less to the tooth fairy than they previously were, with an average amount of £3.34 per tooth being left under a pillow. This is down from £5.76 per tooth that parents received when they were children. A continued decline at this rate would see the tooth fairy facing extinction in as little as 40 years; an unthinkable prospect for many. Until that happens, it still puts money ...