Pensioner incomes ‘outstrip those of working families

Pensioner incomes ‘outstrip those of working families

Typical pensioner incomes after housing costs now outstrip those of working-age people, a new report suggests. The Resolution Foundation also says pensioners are more likely than their predecessors to be working, own a home and have generous private pensions. The think tank says growth in pensioner incomes has been coupled...

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Young workers spend more and save less for pensions

Young workers spend more and save less for pensions

Workers aged between 21 and 30 are spending more and saving less for pensions according to new research from financial services group Prundential, revealing a generational divide between the financial patterns of workers aged between 21 and 30 and those aged 51 and 65. This comes amidst concerns that young people are disengaged from pension...

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‘State pensions should start at 80’ Think Tank advises.

‘State pensions should start at 80’ Think Tank advises.

The age at which people are entitled to collect the state pension should be delayed to 80, says a Think Tank. From 2020 the benefits should change so no further entitlements are created but that those already built up are honoured, according to a statement from the Centre of Policy...

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Pensions etc

Pensions etc

A paper published in the Journal of the Royal Society of Medicine by a group of researchers (led by Dr Rachel Loopstra of Oxford University) describes how a drop in the government’s pension credit spending in 2012 corresponded to a 1.4 per cent rise in death rates among over 85s,...

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Changes to state pension take effect 6th April

  From the 6th April, a new and “simplified” single tier state pension, will replace the former basic and additional state pensions.    In guidance about the changes to state pensions, the Government has claimed that the new state pension is designed to be “a clearer, single payment for the...

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Kensington & Chelsea and Westminster residents encouraged to plan for their pensions

Since 6 April 2015, personal pensions have changed giving you more freedom to choose what to do with your pension pot. Pension Wise is a free government service that will help you go through your options so you can make informed decisions about your pensions that are best for you...

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