News
Welcome to our News page which is updated regularly to bring you the latest developments and guidance on financial advice in retirement. If you would like to be kept fully up to date with our latest news, please subscribe to our feed.
Jul 16
Many people later in life get to a stage where a little extra help with everyday living becomes a necessity.
Cooking, cleaning, doing the laundry, shopping, maintaining a garden and generally taking care of a home are all things that can eventually exceed capabilities.
There are various options to consider when this happens, such as moving in with younger family members or a more able friend; relocating to sheltered accommodation where help is on hand to assist with everyday living; or even moving into residential care. (more…)
Jun 26
George Osborne’s Emergency Budget will have repercussions for all in one way or another, but for those in retirement at the bottom of the income scale, the pinch may be harder felt. Here is a round up of the key announcements affecting pensioners. (more…)
Jun 18
An increasing number of homeowners are turning to lifetime mortgages or home reversion plans to help fund their retirement. Both are forms of equity release that allow the homeowner to stay in their home for life. (more…)
Jun 05
As houses increase in value so does the equity built up in them; and it’s that equity that older homeowners are releasing in order to improve the quality of their life in retirement.
For some, this improvement means having extra cash available to spend on regular holidays; for others it’s a way of funding a dream purchase such as a new car or motor home or even a trip of a lifetime. However, these are not the most popular reasons for releasing equity, according to new research. So, what are they? (more…)
May 28
Inflation may have risen from 3.4% to 3.7% in April, but for those in or nearing retirement who spend a larger proportion of their disposable income in areas where costs have risen far more dramatically, they are facing a figure more like 5%. (more…)
May 22
Between April 2009 and April 2010, the average house price in the UK rose by 10.5% making this the first time annual house price inflation hit double figures since June 2007.
The report, by Nationwide, also showed a 1% increase in house prices during April putting the average at £167,802. (more…)
May 15
Recent statistics published by Bridgewater Equity Release have revealed the top three reasons for homeowners releasing cash from their homes via a home reversion plan are repaying a mortgage, home improvements and other types of debt consolidation. (more…)
May 10
In retirement, every penny counts, and so it is unfortunate that many living on a pension could be paying far too much than necessary for services and utilities.
In spite of the media emphasis on the benefits of comparison websites, it seems that many people are failing to shop around for better deals on things like insurance, telephone tariffs and energy, preferring to stick with their existing provider. But is better the devil you know really the right course of action? If there is money to be saved then surely it is worth spending some time seeking better deals? (more…)
May 01
According to a recent report in the Daily Mail, one in four pensioners is taking their mortgage into retirement.
A survey of 3,500 people aged 65+ reported that 27% had a mortgage and even more worryingly, the average size of that mortgage was higher amongst those over the age of 70. (more…)
Apr 25
Releasing tax free cash from a property can potentially be a way to help fund retirement aspirations, repay debts or supplement everyday income.
However, depending on the amount released, state benefits could be affected and confusion regarding the issue is rife. (more…)
Apr 10
Research conducted by Prudential has revealed that British people retiring in 2010 are expecting to be worse off than those who left work in 2009 and in 2008.
2010 retirees are anticipating an average income of £16,509 per year. In 2009, this average was £17,759 and in 2008 it was £18,663 showing decreases of 7% and 11.5% respectively. (more…)
Apr 03
Whilst the overall rate of inflation fell this month from 3.5% to 3%, figures just published by Alliance Trust Research Centre show the 50-64 year old age group continues to be hit by the highest rate of inflation – 4.5% – for the fifth month in a row. (more…)
