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Raising the state pension age for women

Raising the state pension age for women

August 5, 2017

The Institute for Fiscal Studies (IFS) has issued a working paper examining “the effect of raising the female state pension age on income, poverty and deprivation”. It offers a variety of interesting and sometimes counter-intuitive insights to the reform.

Category: Retirement & Pensions

 
 
 
 
More Over 50’s Setting up Businesses

More Over 50’s Setting up Businesses

July 28, 2017

ONS (Office of National Statistics) data shows that as at the end of 2015 there were 4.6m self-employed people in the UK – up from 3.8m in 2008 – and the over 50’s account for 43% of those that start their own business.  In addition, the number of self-employed people aged 65 and over has more than doubled in the past five years.

Category: Financial News & Events

 
 
 
What is the FTSE 100?

What is the FTSE 100?

June 7, 2017

The FTSE 100 – the “Footsie” – is the UK stock market index which garners most of the headlines. It was launched on 31 December 1983 with a base value of 1,000. today it is about 7,550.

Category: Saving & Investing

 
 

50 years of ATMs

June 1, 2017

50 years ago on 27 June 1967, Barclays installed the world’s first cash machine (ATM) at its Enfield branch in north London, but how have payments changed since then? There are currently more free-to-use ATMs than ever before.

Category: Financial News & Events

 
 
 
Pension drawdowns: why you should forget the 4 percent rule

Pension drawdowns: why you should forget the 4 percent rule

May 26, 2017

When it comes to drawing down from your pension, how much is enough? It used to be the “4 percent rule”.  This is where an annual drawdown of 4 percent of your pension would see you through 30 years of retirement without you running out of money. What other options are there for pension drawdown?

Category: Retirement & Pensions