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of a pooled system either from general taxation, a compulsory up‐front ‘insurance’ premium on retirement or a ‘death tax’, a scheme to pay for long term care as the need arises becomes necessary. Th ... ld Age and Housing Equity 21 Poterba et al (2011), The Composition and Draw‐down of Wealth in Retirement 22 Searle B (2011) Recession and housing wealth 23 Ong et al (2013), Channels from Housing W
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High income: 23.2 years Low income: 17.1 years (2012) The global context UP TO RETIREMENT AROUND STATE PENSION AGE IN RETIREMENT Private pension membership has fallen but is being increased by auto enrolment ... and advice before, at and during retirement leads to better outcomes Everyone gets a decent outcome from their pensions saving Enough money to live comfortably in retirement Pensioner poverty halved We need:
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transfer a product when you move – but they might not if you’re moving to age-restricted or leasehold retirement housing, for instance. • If you have children, how will they feel about it? While the final decision ... the MoneyHelper website (page 25) has a directory of retirement advisers which you can use to find equity release specialists in your area. Retirement advisers can also advise on possible alternatives to
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disabled and if so how disability will be assessed. Older partners may have to draw more on their retirement savings to support a younger partner. They may also lose other support linked to Pension Credit ... Employment and Support Allowance (ESA) will have an adverse effect on some disabled people approaching retirement. The digital by default approach is a considerable challenge. Internet use is lower among low
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UK Cymru, Age UK NI and Age UK Scotland. About this consultation The FCA committed in its 2015 Retirement Income Market Study to addressing low levels of competition in the annuity market, including by ... We support regulatory action that preserves or enhances the reputation of annuities as a viable retirement income option. Ensuring that all customers get the best rates – through 4 improved pricing transparency
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Invaluable Campaigning for greater support for older carers 1 Introduction 2 Summary 4 ‘We never retire’ 6 Support for older carers 8 Financial support – Carer’s Allowance 8 Support to have a life and ... 20 Getting information to older carers 20 Carers’ stories – What it is like to be a carer post-retirement 22 Contents 2 Care and support is currently in crisis due to lack of funding. Fewer and fewer
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100 per cent. Roughly one in ten households with high or middle income before retirement fall into low income on retirement. Key risk factors are: relying solely on the state pension (having no other ... are more likely than many other groups to be in poverty. As many older people rely on benefits in retirement, the lower after housing costs poverty rates will reflect the fact that pensioner means-tested
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of older people, we made the Government listen to our collective call to slow down the rise in retirement ages and to introduce a fair and simple single-tier pension. Money matters Highlights With the ... secured a Government amendment to the Pensions Bill – a £1.2 billion spending commitment to stop the retirement age rising as quickly as planned. We called for a simpler, fairer State Pensions and the Government
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treatment. One person told us they had to take out a loan to over the cost. “My NHS dentist had retired and could not get any appointments. Had to go private and paying a loan of £1600 at the moment.” ... given up trying as waiting for surgery but waiting list at least 3 years by which time will be past retirement.” Those that told us their mental health was a challenge were almost six times more likely to have
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two years earlier. • Starting to experience problem debt was associated with moving from being retired to becoming self-employed, unemployed and having a fall in income. • People who moved into problem ... financial pressures on many in older age. There may also be generational effects, as those reaching retirement now are more used to credit cards and other forms of borrowing than older pensioners, and financial
