Retirement lifestyle

Plan ahead for a singular retirement

Moneywise explains the key issues you need to consider if you’re retiring on your own.

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Most retirees on income drawdown fail to set up an LPA

Wednesday, 23 May 2018 | News

Nearly four out of five retirees on income drawdown could face hardship in later life because they haven’t set up a Lasting Power of Attorney (LPA), new research has revealed.

Care homes firm to pay back 'upfront fees' to residents

Wednesday, 09 May 2018 | News

The Competition and Markets Authority (CMA) has secured more than £2 million in compensation for residents of a major care homes group who have been charged several thousands of pounds per person in compulsory ‘upfront fees’...

Brits aged over 55 own £1 trillion in property but can’t find anywhere to downsize

Monday, 30 April 2018 | News

Almost two in five (39%) homeowners in the UK are considering downsizing, with so-called last-time buyers looking to make a final move now owning almost £1 trillion in housing wealth. 

Retirees refuse to spend and splurge

Friday, 20 April 2018 | News

Only one in 10 over-55s who has quit work since April 2015 admits to overspending. This is despite the introduction of the pension freedoms that give savers free access to their retirement savings once they turn 55.

Retirees could lose out after underestimating life expectancy

Monday, 16 April 2018 | News

Brits may not be saving enough for retirement because they are underestimating how long they will live.

Retirees spend more than £4,000 a year supporting their families

Friday, 13 April 2018 | News

Pensioners are placing increasing pressure on their retirement plans and income by financially supporting up to three generations of their family, according to research from Prudential. 

One in eight Brits will retire in 2018 without a pension

Wednesday, 28 March 2018 | News

Almost one in eight people who are set to retire this year will have no pension savings to rely on, according to new research.

More Brits expect to retire in their 70s

Thursday, 22 March 2018 | News

The number of employees who expect to work in their 70s has almost doubled in seven years, according to new research.

Babyboomers refuse to rest up in retirement

Thursday, 08 March 2018 | News

Baby boomers are turning their backs on a traditional retirement, preferring to work, support charities or help out their families, according to new research from Brewin Dolphin.

Your shout: Moneywise readers have their say in February 2018

Monday, 05 March 2018 | Blog | By Helen Knapman

Each month we publish the best comments, emails and letters from our readers. Here are the best of February 2018.