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regulation on retirement outcomes. Key points and recommendations While we continue to support the pension flexibilities and believe they are an opportunity for many people to improve their retirement outcomes ... consumers are not well-placed to make good decisions about how to maximise value from their pension savings. The new customer journeys are increasing the barriers to informed decision-making. It is
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50’ Helping people keep working and save for later life An Age UK discussion paper, October 2017 2 Why the ‘Career MOT at 50’ is needed The State Pension age (SPA) is rising, scheduled to increase ... for a service that facilitates this. However, it’s also important that people have sufficient pension savings so that when the time comes to stop work or wind down their hours, they can afford to do so.
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quality for everyone. While poverty among older people has fallen in recent years, one in seven pensioners (14%) still lives below the poverty line, with 7 per cent living in severe poverty. So it is vital ... access and age discrimination – Some people may not be accepted by new providers because of poor credit records. (Although we appreciate the work that has been done to make basic bank accounts available
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per week, you could get Carer’s Credit. This helps to maintain your National Insurance record – which goes towards your State Pension . You will get Carer’s Credit automatically if you get Carer’s
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a‘CareerMOT at 50’Helping people keep working and save for later lifeAn Age UK discussion paper, October 2017Why the ‘Career MOT at 50’ is neededThe State Pension age (SPA) is rising, scheduled to increase ... for a service that facilitates this . However, it’s also important that people have sufficient pension savings so that when the time comes to stop work or wind down their hours, they can afford to do so.
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include issues relating to financial inclusion and digital inclusion. Banks and older people Pensioners make up one-third of adults without a basic bank account1 and 6% of households with someone aged ... 1 Department for Work and Pensions, Family Resources Survey 2014/15, 2016 2 Department for Work and Pensions, Family Resources Survey 2014/15, 2016 and increases risk
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implications of a cap on social care costs 10 Meeting the costs of the social care reforms: Impact on pensions 13 Spotlight on Poverty and Inequality 14 Footnotes 17 Welcome to the second edition of Age UK’s ... well-being. The situation is particularly worrying for many of those approaching retirement, tomorrow’s pensioners, who find it more difficult to find a job following redundancy and face uncertainty about their
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UK Government aims to save between £1.7bn and £1.8bn each year by making public services "Digital by Default"5 PWC estimates suggest households offline are missing out on savings of £560 per year from
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38 Factsheet 92 Universal Credit April 2024 About this factsheet This factsheet gives information about Universal Credit, a means-tested benefit for people under State Pension age (currently 66 years). ... people aged over 66 if they have a partner under 66. It includes information about how Universal Credit affects people claiming other benefits and how to claim it. The information in this factsheet is
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Changes to work and income around state pension age Analysis of the English Longitudinal Study of Ageing Authors: Jenny Chanfreau, Matt Barnes and Carl Cullinane Date: December 2013 Prepared for: ... Social Research | Changes to work and income around state pension age 1 Many people retire from paid work as they approach or reach state pension age. This pivotal event can have a major impact on household
