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‘Sleepwalking’ towards retirement
Having a solid retirement plan in place is key to a worry-free future
As we enter our later years, it’s more important than ever to have a solid retirement plan in place. Unfortunately, for many of us, that simply isn’t the case. According to recent figures, one in six people over the age of 55 in the UK have no pension savings whatsoever[1].
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Retirement income crisis
With the right plans in place, you can make your money go further
Despite the fact that most people know they need to start saving for retirement as early as possible, many are still not doing so. There are a number of reasons why people aren’t saving enough for their retirement.
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Enjoying a comfortable retirement
Steps you can take to ensure that you are prepared financially
One of the biggest concerns people have when nearing retirement is whether or not they will have enough money to maintain their current lifestyle. Retirement can be a time of great uncertainty, but there are steps you can take to ensure that you are prepared financially.
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Gender pensions gap
Women’s pensions at retirement are half the size of men’s
The gender pensions gap is the difference in the average amount of money that men and women have saved for retirement and it begins at the very start of a woman’s career.
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Cost of living crisis
Signs of more economically active people over the age of 50
Older people in the UK are increasingly returning to work, according to new research[1]. The cost of living crisis is now affecting many pensioners drastically. The research also found that the proportion of older people who are self-employed has more than doubled over the same period.
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Healthy pension pot
Ways to maximise the value of your retirement savings
If you’re aiming to build a healthy pension pot to fund your retirement, there are a few key mistakes you’ll want to avoid. These can set you back and make it harder to reach your goals.
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Effects of inflation
Being aware of how it can impact your retirement plans
When it comes to planning for your retirement, one important factor to consider is the impact of inflation on your future pension income. While the cost of living will obviously increase over time, the rate of inflation can have a significant impact on how far your pension income will go in retirement.
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Start saving early and often
What kind of lifestyle do you want to maintain?
How much you’ll need to retire depends on a number of factors, including how long you expect to live in retirement and what kind of lifestyle you want to maintain.
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