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Happy Blogging – TheRetirementCentre.com Team
Money: Do Households Need to Face Reality?
British households have been making significant changes to their budgets in order to weather the current economic environment. However recently, there have been a substantial number of headlines in the press recently indicating that whilst cuts are being made we are only servicing debt rather than reducing the problem.Read more...
Money: Pension Fee's Axed
The Government has banned consultancy charging on company pensions, which will help millions of UK employees grow their pension pots.
It may come as a revelation to some employees, but many companies especially small to medium size organisations who offer staff pension schemes rely on advice from pension consultants to set up and..Read more...
More: Mandatory retirement no longer exists
Following a survey into mandatory retirement in UK companies only 3% of companies have a compulsory retirement policy in place. This compares to 69% two years ago when the same research was carried out by law firm Eversheds.
More: Most popular Retirement Destinations
The typical image of retirement by the seaside has been backed up by figures from the Office of National Statisitcs showing that 8 out of the top 10 retirement destinations are by the seaside.
The Isle of Wight is the retirement centre of the UK with 42% of its inhabitants claiming the state pensionRead more...
Money: Pension contributions increase
With the increased focus and publicity surrounding pensions in the media it appears that there has been a knock on effect on the level of contributions people are making.
According to the official figures from HM Revenue and Customs contributions to personal pensions during the 2011-12 tax year increased by 7.8%.Read more...