Credit, Collections & Insolvency News
More than one in eight people (13%) believe they would personally need more than £100,000 each year for a good standard of living in retirement, according to new research from Royal London. The figure is significantly higher than the £43,900 industry body Pensions UK’s Retirement Living Standards estimates that a comfortable standard of living will…
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Many people are approaching retirement without talking to anyone about the retirement lifestyle they want and whether they’re on track for it, according to new research from Standard Life, part of Phoenix Group. Retirement might be one life’s biggest changes however half (50%) of those aged 55 and over have not discussed the sort of…
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While recent high inflation, the cost-of-living crisis and economic volatility have put real pressure on many people’s finances, research from NextWealth’s Managing Lifetime Wealth report, sponsored by Aegon, has found a deeper concern among retirement clients: the fear of outliving their savings. The research, found that 71% of advisers reported the number one retirement worry amongst clients is…
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A new report from the Pensions Policy Institute (PPI) has found that people hoping to enjoy a ‘moderate’ standard of living in retirement could need over a third more income, The latest update reveals that a moderate living standard in retirement could cost a single person £31,300 in 2023/24, up 34% from £23,300 a year…
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