According to actuaries, pensions for workers in the private sector are likely to be far worse in the future than they are today. Those who are 60 can now expect a retirement income of about £21,000 on average, assuming they have been enrolled in an excellent pension scheme – one with defined benefits instead of [...]
‘Savings & Investments’ Category
Pension Projections Grim for Younger Workers
Posted in Money Saving, Savings & Investments on Tuesday, January 24th, 2012 at 10:50 by Martyn Shaw.
Choosing the Right Lender
Posted in General, Savings & Investments on Tuesday, February 22nd, 2011 at 17:41 by Martyn Shaw.
When looking for the best deal on some type of a loan, the natural inclination for most consumers is to approach the bank they currently use for their household accounts. At times, this approach works very well and the consumer enjoys competitive rates and terms. Unfortunately, there are times when the consumer could have saved a significant amount of money by doing some comparison shopping.
How To Build Savings On A Tight Budget
Posted in General, Savings & Investments on Thursday, February 17th, 2011 at 11:36 by Martyn Shaw.
A significant number of British households do not currently have any type of savings on hand. In some cases, this is due to depleting savings accounts during the recession, while others never has any savings to begin with. Whatever the case, the need to begin saving today, even if the household operates on a tight budget is very real.
Why You Should Plan for Retirement Now
Posted in General, Savings & Investments on Wednesday, February 16th, 2011 at 09:37 by Jessica Haynes.
According to research conducted by Prudential, a significant number of people who had planned on retiring this year will not be able to do so. Instead, they will continue working for at least another then years. The reason is a simple one: they don’t have enough in their pension funds and other accounts to maintain an equitable lifestyle during their retirement years.
Why You Need a Personal Pension Plan
Posted in General, Savings & Investments on Tuesday, February 8th, 2011 at 11:31 by Martyn Shaw.
News that more employers are likely to further reduce contributions to pension plans provided to employees is hardly unexpected, given some of the plans for government cutbacks this year. The potential reduction in contributions only serves to underline the need for consumers to take control of their own financial planning and look into the benefits of establishing a personal pension plan.
Can You Weather a Job Loss?
Posted in Credit Cards, General, Money Saving, Savings & Investments on Tuesday, October 12th, 2010 at 10:03 by Martyn Shaw.
Word that Hewlett Packard is about to eliminate thirteen hundred jobs has reminded many households that the possibility of losing the main source of income is still a possibility. While some industries have stabilised over the last year, others are still struggling to regain some degree of equilibrium and avoid losing valuable employees. This means households should take steps to build up reserves and trim expenses as a way to offset a loss of employment.
Saving For Retirement Now Rather Than Later
Posted in General, Money Saving, Savings & Investments on Wednesday, October 6th, 2010 at 09:13 by Jessica Haynes.
While it may not come as a surprise to many, UK workers who are entering their retirement years are doing so with less in the way of retirement benefits. According to some estimates, those benefits may be up to twenty percent less than originally projected. What this means is that now is the time to create assets for your retirement years that will allow you to at least minimise and possibly avoid this type of situation.
Teaching Your Child To Save
Posted in General, Money Saving, Savings & Investments on Friday, October 1st, 2010 at 09:55 by Jessica Haynes.
Speculation that the government may create new children’s saving account plan has reminded many parents of the need to school young ones on the merits of establishing and regularly contributing to a savings account. Here are a couple of tips on how to get your children involved in building their own nest eggs and learn some essentials of fiscal responsibility at the same time.
Why Establishing a Pension For Your Child Is A Good Idea
Posted in General, Savings & Investments on Tuesday, September 21st, 2010 at 09:25 by Jessica Haynes.
Once upon a time, the idea of a pension plan was something that applied to adults alone. That is no longer the case. With indications that the hard times of the recent recession have left many people with no pensions through work or any other means, parents are beginning to think of ways to provide for their children in later years. Those provisions include establishing a pension plan for each child while they are still at ho
Choosing the Right Investments
Posted in General, Savings & Investments on Monday, September 20th, 2010 at 11:04 by Martyn Shaw.
Investing is an excellent way to create a nest egg for later years. One of the key points to keep in mind is that not every type of investment is right for everyone. It’s important to base your investment activity on two factors: your level of expertise with financial matters in general, and how much risk you are willing to assume with any given investment.
