Despite saving the same amount of money into their pensions, they face the dire prospect of getting about half the income they would have received 15 years ago, research reveals today.
Currently browsing: Pensions
Our ever shrinking pension payouts: Millions now facing the lowest returns on investments since records began
Tuesday, August 31st, 2010
How will pension reform affect your business?
Friday, August 27th, 2010It might seem a long way off, but pension reform is coming, with compulsory workplace pensions from 2012. Anita Brook takes a look at the reform and how it will affect businesses large and small.
Too frail to live alone at 90, but Lorna’s being thrown out of her care home – and hit with a £5,400 bill
Wednesday, August 25th, 2010Lorna Clow was given a week’s notice to leave after the health service decided she was no longer eligible for funding because she was too healthy.
Trapped in a pay and price squeeze: Gloom for families as Bank warns of ‘choppy recovery’
Thursday, August 12th, 2010Millions of families face a painful squeeze in the cost of living, with figures showing a sharp fall in wage rises against a background of soaring prices.
Millions face 25% cut in pensions as inflation rules for final salary schemes are changed
Wednesday, August 11th, 2010The Bank is now predicting growth of 2.5 per cent in 2011, down from 3.4 per cent. Inflation is also likely to stay above 2 per cent until the end of next year.
Employment law: What the changes to the Default Retirement Age really mean
Saturday, August 7th, 2010The default retirement (DRA) age of 65 is being abolished in October next year. Does that seriously mean any employee can hang on as long as he or she cares to?
The hidden costs halving the value of our pensions
Tuesday, August 3rd, 2010The fees levied by some of the nation’s favourite pension providers mean that Britons retire with a plan worth half as much as their equivalent in mainland Europe.
Pensioners missing out on astonishing £5bn of vital benefit payments
Tuesday, August 3rd, 2010Almnost half of eligible pensioners are missing out on an astonishing £5 billion of vital benefit payments, causing many of them to slip further into poverty.
