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By Michelle McGagh | 23 Mar 2012
... ‘It definitely helps financially because we haven’t got big pensions and working
has allowed us to do the things we want to do,’ says Sylvia. ...
Sylvia Glover has worked consistently since retiring nine years ago and believes older people have a lot to contribute to society.
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By Michelle McGagh | 02 Apr 2012
... Contracting out, which will be abolished from 6 April, allowed those paying into
a final salary or career average pension scheme to divert a proportion of ...
Changes to pension legislation that will abolish ‘contracting out’ could leave some people at risk of running out of funds in retirement.
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By Chris Marshall | 12 Feb 2010
... galling figures published about the depletion of people’s pensions over the last
decade with this week’s revelation that the average pension income has ...
Forget the latest Apple innovation, for the most hype look at pensions - the ultimate must-have one-size-fits-all solution.
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By Daniel Grote | 22 Dec 2010
The National Association of Pension Funds has called on John Hutton to recommend
a career average model as part of his review of public sector pensions. ...
The National Association of Pension Funds has called on John Hutton to recommend a career average model as part of his review of public sector pensions.
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By Michelle McGagh | 04 May 2012
... When income from company, private and state pensions are added together, the average
pension income is £15,500 a year, according to Prudential. ...
As people live longer, many are finding their pension insufficient to meet their needs. Here are some ways you can supplement your income.
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By Lorna Bourke | 03 Feb 2011
... The basic principle of annuities is that those who die early fund the pensions of
those who live longer producing an average pension payment for all. ...
The annuity rate for men to convert their retirement savings into a pension could be hit by a ruling from the European Court of Justice next month.
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By Lorna Bourke | 23 Jun 2011
... For private sector employees retiring today, the average ‘pension pot’ produced
by accumulated contributions will generate an income of less than £3,000 a ...
It is imperative the government holds its ground on public sector pension reforms and does not give in to the threat of mass strikes, writes Lorna Bourke.
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By Lorna Bourke | 18 Mar 2011
... average public sector pensions, saying that just over 1.5 million public sector
pensioners receive less than £5,600 a year and the average pension across all ...
With the unions planning strikes in protest at the recent Hutton recommendations for reform of public sector pensions, it’s time it was spelled out to these employees how fortunate they are.
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By Lorna Bourke | 29 Sep 2011
... Overall, the rolling 12-month average pension contribution for men and women rose
by £9 over last year, less than £1 a month, bringing the average ...
With pension contributions under pressure, more information is needed on the National Employment Savings Trust (Nest) scheme to ensure employees maximise their retirement incomes.
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By Lorna Bourke | 24 Nov 2005
... worth on average £167,000 a year compared with £6,344 for ordinary workers.
NHS workers have an average pension of £5,400 a year. ...
Whatever pension reforms are recommended by the Pensions Commission on 30th of this month, we must all take responsibility for providing for ourselves in retirement.
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By Chris Marshall | 10 Feb 2010
... The steady decline of annuity rates alongside a staggering drop in the size of the
average pension pot means pension income has dropped by more than 70% in the ...
Warning of ignorance over annuities as new research shows the extent of the decline in retirement income.
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By Michelle McGagh | 11 Apr 2012
... Public sector workers will be moved to a career average pension scheme, which means
that instead of receiving the equivalent of up to two-thirds of their ...
The government has set out plans for a new kind of company retirement scheme where employers and employees share the burden of pension saving.
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By Gavin Lumsden | 07 Oct 2010
... The average pension paid is around £7,800 per year. Around half of public sector
pensioners receive less than £5,600 per year, says Hutton. ...
Lord Hutton's interim report on public sector pensions sheds a lot of light into the complex issues around pension provision in the UK.
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By William Robins | 29 Mar 2011
... environment in this area because if we move from final salary to career average
it will remove some of the uncertainty and the risk away from pensions in this ...
In an exclusive interview with Model Adviser® John Hutton says his public sector pensions review was never a cost cutting excercise.
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By Lorna Bourke | 27 Jul 2011
... For a purchase price of £50,000, the average pension for a male aged 65 in the top
quartile is £3,485 a year compared with just £3,004 a year in the bottom ...
Are annuities a waste of money or good value? Lorna Bourke debates the issue with experts.
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By Michelle McGagh | 05 Apr 2012
... After 30 years the DB scheme member would be entitled to an index-linked pension
based on 50% of final pay, or £13,000 for someone on an average pension. ...
Workers saving into defined contribution pension schemes have to save 10 times more than colleagues in defined benefit pensions.
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By Michelle McGagh | 15 Mar 2012
... The majority of people, 40% of all respondents, wanted to achieve a £30,000 annual
income in retirement but the average pension pot sits at around £25,000 ...
A decade of rising house prices means many people have most of their wealth tied up in their home. So can property fund your retirement?
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By David Campbell | 02 Aug 2007
... has reported. Poor pension cover drives down average age of equity
release. by David Campbell on Aug 02, 2007 at 09:03. ...
The average age of homeowners using equity release schemes to free property wealth has fallen for the first time, specialist adviser Key Retirement Solutions (KRS) has reported.
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By Lorna Bourke | 30 Jun 2011
... It is particularly concerning to see so few recognise the value of a career average
pension, and that one in 10 believes that they will lose any pension ...
Hundreds of thousands of public service workers are on strike today over pensions reforms, but a new survey suggests few could tell you why.
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By Michelle McGagh | 27 Feb 2012
... 'The average pension pot we deal with is £45,000 which is slightly higher
than the average pot which is £30,000,' he said. 'We ...
Employers offer a number of perks, of which arguably the most beneficial is a pension, but you could reap even more benefit from a workplace individual savings account (ISA).