Over 50s reveals money is the biggest concern for 28% of retirees More than a third (35%) of retirees are worried their cash will dry up before they die and a quarter say they don’t think they have enough money in their pensions to cover their retirement, according to SunLife’s Big 50 research. Big 50, which interviewed 50,000 people age 50 and over, found that, when asked to think about their biggest concern for the future, 28% of retired people...Read more

As freedom from the ‘9 to 5’ routine looms, the prospect of extended leisure time is welcome food for thought for those approaching pension age. But despite the perfect opportunity for people to realise the dreams they haven’t previously had the time or money for, why are so few making a bucket list? A recent survey carried out by retirement specialist, Age Partnership, has revealed that only 20% of over 50s have a ‘bucket list’ for their retirement years. The...Read more

New research shows nearly half of workers would stay in their work- if offered improved flexibility by their employers in later life. An interesting fact that 47% per cent of (older) workers responding to the latest British Social Attitudes Survey (BSAS) indicated they would happily work longer before retiring providing their employer were to offer more flexible hours. This would mean older workers keep their skills up to date, continue to earn an income and free up some time to...Read more

What the over 50s get up to (while they wait for their partners retirement) • One in three retired over 50s wait more than five years for their partner to retire • Gardening, DIY and babysitting are top ways they spend their time Volunteering on a chicken farm, restoring old cars, and keeping a paddle steamer running are just some of the things that retired over 50s have got up to while they wait for their partner to give up...Read more

A third of over-55 year olds have considered downsizing in the last five years The issue of selling the family home is often fraught with emotion, so often the home we live in is a vessel for memories and parting has far more than financial gain as a consideration. RICS is calling on Government to expand the nation’s housing supply across all sectors – from owner occupied, social housing and private rented sectors – through their new Residential Policy Paper....Read more

Over half of all over 50s to use their property to fund their retirement The number of working over-50s planning to use their property as their pension has doubled in the last year - half (52%) now set to use cash in property to fund retirement 75% of over-50s own their property outright Average homeowner over-65 has lived in their property for 25 years The HIPpies ‘home is pension’ generation has doubled in the last year, according to retirement specialist...Read more

2.4 million grandparents raid pension to help grandkids A quarter of grandparents who have helped out grandchildren financially took the money from their pension The average grandparent has already given away £1,633, and plans to give away £2,938 more in future House deposits, university fees and cars are common reasons to gift Forget the Lamborghini, 2.4 million UK grandparents1 have either raided their pension to support their grandchildren, or plan to in the future. According to new research from retirement...Read more

Saving for your retirement? One in ten adults uses a piggy bank! Four in 10 UK adults say they are not saving for their retirement Almost half are saving for retirement in cash forms Holidays and rainy days are the top reasons for saving in general Almost half of UK adults are saving on a monthly basis One in 10 UK adults is using a piggy bank to save for their retirement, according to new research from Aviva. A delve...Read more

Pensioner property wealth hits £891 billion Over-65 homeowners are £3,700 better off on average over three months, Key Retirement Pensioner Property Index shows Retired homeowners have seen their property wealth grow by nearly £17.5 billion in the past three months as house prices continue to climb earning the average pensioner more than £1,200 a month, new analysis* from leading over-55s financial specialist Key Retirement shows. Pensioners who own their homes outright have gained an average of £3,725 each from their...Read more

The over-50s make up one third of UK workforce Despite the documented difficulties of finding employment after the age of 50, the statistics from the ONS indicate the over 50s section of the workforce still at work has hit record numbers. Pensions Minister Baroness Altman said: “A social revolution is underway as increasing numbers of over-50s realise they are not ‘old’ and want to keep on working. Almost a third of adults employed during Q1 and Q2 2015 were aged...Read more