Category: Money

8 out of 10 over 50’s don’t have a retirement bucket list – but why does that matter?

2017-09-18 18:50:27

As freedom from the ‘9 to 5’ routine looms, the prospect of extended leisure time is welcome food for thought for those approaching pension age. But despite the perfect opportunity for people to realise the dreams they haven’t previously had the time or money for, why are so few making a bucket list? A recent survey carried out by retirement specialist, Age Partnership, has revealed that only 20% of over 50s have a ‘bucket list’ for their retirement years. The...Read more

97% of us have made no plans for what will happen to our ‘digital legacy’ when we die

Life after death? 63% use social media and 77% buy online yet just 3% have made plans for their digital legacy There is no doubt about it, over the past ten years internet use has become part of our day to day lives. More than eight in ten of us use the internet daily; the most popular use is checking and sending emails but more than three quarters shop online, almost two thirds use social media sites and six in...Read more

British adults have £721BILLION of ‘dead money’ sitting in bank accounts and ISAs

2017-07-02 15:12:16

British adults have £721BILLION of ‘dead money’ sitting in bank accounts and ISAs, according to new research. The average person aged 18 and over has saved £14,049.30 - but has no plans on what to do with it,in addition, a third have up to £250 in cash hidden at home, while one in 10 has over £1,000 tucked away. And one in five has a personal pension containing more than £20,000 - which they no longer pay into. Lisa Caplan,...Read more

The UK’s reluctance to save for the future leaves families facing funding gap for funerals

2017-01-08 18:44:23

Sadly, we will all die one day. Yet very few people in the UK put any plans in place for their funeral, no matter how simple their wishes might be. A result of this reluctance to plan ahead for the inevitable, as Royal London’s Funeral Cost Index has revealed, is that an increasing number of people are having to borrow money to pay for a funeral, despite the fact that funeral firms are holding, and in some cases reducing, their...Read more

New research shows nearly half of workers would stay in their work- if offered improved flexibility by their employers in later life

2016-12-22 18:56:16

New research shows nearly half of workers would stay in their work- if offered improved flexibility by their employers in later life. An interesting fact that 47% per cent of (older) workers responding to the latest British Social Attitudes Survey (BSAS) indicated they would happily work longer before retiring providing their employer were to offer more flexible hours. This would mean older workers keep their skills up to date, continue to earn an income and free up some time to...Read more

As funeral costs to continue soar, the average funeral now approaches £4,000

2016-12-11 18:55:51

Research from SunLife’s 2016 Cost of Dying report cites the cost of funerals have more than doubled in price in little over a decade With continued speculation on inflationary pressure post Brexit and the continuing squeeze on wages, investment's and pensions funerals have now emerged as one of Britain's fastest rising costs. In-fact SunLife’s annual Cost of Dying research shows that the cost of dying is the fastest rising (of any fixed) cost in the UK – rising at a...Read more

What the over 50s get up to (while they wait for their partners retirement)

2016-12-03 19:57:29

What the over 50s get up to (while they wait for their partners retirement) • One in three retired over 50s wait more than five years for their partner to retire • Gardening, DIY and babysitting are top ways they spend their time Volunteering on a chicken farm, restoring old cars, and keeping a paddle steamer running are just some of the things that retired over 50s have got up to while they wait for their partner to give up...Read more

Bank of Gran and Grandad pays out average £39,350

Bank of Gran and Grandad pays out average £39,350 One in five retired homeowners releasing equity to help out family More than two-fifths (44%) helping out their children are doing so to the tune of £20,000 ​Pensioners taking advantage of their property wealth are gifting over £39,350 to their family, analysis from leading over 55s retirement specialist KeyRetirement.com shows. Its data shows over one in five (21%) retired homeowners are accessing the money in their homes to treat their children...Read more

Sir Winston Churchill’s new Fiver

2016-06-02 13:32:25

The New Fiver is cleaner, safer and stronger than paper notes. The introduction of polymer banknotes allows for a new generation of security features which make it even harder to counterfeit. The note is also resistant to dirt and moisture and so remains in much better condition for longer. The strength of the polymer material means that The New Fiver is expected to last at least 2.5 times longer - around 5 years - even after being folded into wallets...Read more