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and tactics that are still legal. We suggest that the scope be broadened to cover ‘savings for retirement’ rather than just ‘pensions’. 3. Other scams employ impersonation, e.g. of a bank. Fraudsters might ... interact with someone, whoever they are. Although pension scams commonly target people in the runup to retirement, we are concerned that, in the context of pensions freedom and choice, in future fraudsters may
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UK NatCen 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 ... reached SPA. We found that reaching state pension age is indeed a major event marking the start of retirement for many households. Three quarters of households with someone nearing SPA had at least one person
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could be where they spend their time or hobbies or activities they had planned. Even how their retirement might look. Understanding how people want their life to be means we can work in a person led way
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discrimination. No policy should be enacted which could undermine the abolition of the Default Retirement Age. • The Government should give careful consideration to the processes and practicalities of ... their age. The Government and BIS have both done much good work with the abolition of the Default Retirement Age – it is vital that this is not jeopardised by allowing settlement agreements to be used as
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disadvantaged groups. Pension Wise needs to be expanded, more actively promoted, and available throughout retirement. The website should include more tailored information. Pension Wise should be complemented by ... annuitise or spend all their pension savings at outset will also need ongoing advice throughout retirement. 17. The interaction of pension freedoms with debt, state benefits and state support for care
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needed to remain active in the labour force and thereby attain a reasonable standard of living in retirement. In addition, providers must be able to respond flexibly and promptly to changes in learner and
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closely with a wide range of national and local organisations; ranging from local arts groups, active retirement and community groups, public libraries, museums, theatres, local health boards, schools and care
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closely with a wide range of national and local organisations; ranging from local arts groups, active retirement and community groups, public libraries, museums, theatres, local health boards, schools and care
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private income in later life is challenging for everyone regardless of age. For many younger people, retirement can seem a long way off, and the motivation to save into a pension can be somewhat reduced. We ... priority than other uses for their income. 1.2 However, in order to ensure income adequacy in retirement, pension saving needs to take place across working life.iii There is a danger that if the LISA
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at least one element of retirement income maintains its value, and unless it is continues there is an increased risk that future pensioners will not achieve adequate retirement incomes. People currently ... nearly a tenth of households aged 55-64 had wealth of more than £1.3 million, a tenth were facing retirement with total assets (including personal possessions and private pension savings) of less than £27
