Are our affluent baby boomers reinventing retirement?
From the US, findings in a ‘New Retirement Survey’ from Merrill-Lynch (ML), indicate that many baby boomers (those people of around 65 years, conceived and born in the immediate post World War 2 years) and who are defined as affluent, plan to keep working and earning money during their retirement years. Planned alternate periods of work and leisure indicate significant changes from the tradition of pursuing a retirement of well-earned leisure. Read more →
Finance Identity Theft – be on guard
Research undertaken by Infosecurity Europe, has uncovered that 42 per cent of a pool of 1000 surveyed commuters in London said that criminals had stolen their personal data and used it to clear out their accounts or borrow money in their names. Read more →
Protected Rights – new possibilities from April 6th
Historically, many people chose to contract out of the State Earnings Related Pension Scheme using their money purchase pension. Put simply, this meant that the money that would have gone into SERPS went into their personal pensions instead – effectively, they were swapping known benefits from the Government for unknown (but potentially greater) benefits from their own pension scheme. Read more →
Saving for a baby? Surely not!
Saving for your child’s future can be one way of giving them financial freedom in later life and that’s why it’s advisable to start considering all the investment options early on. Read more →
