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42% Of boomers have no clear view of retirement income

Forty-two per cent of people aged 50 to 65 say they have no clear idea of what inc- ome they will have in retirement, according to research by Aegon.

A third say that they are relying on their pension alone, with no other savings or investments.

Aegon surveyed over 2,000 people between the ages of 50 and 65 to gauge their attitudes towards retirement.

The survey reveals that 61 per cent expect to carry on working in some capacity after they reach retirement age or pursue further education or charity work.

Over one in 10 say love of the job makes them want to stay in the workforce and 14 per cent say they are too young to retire. Twelve per cent would like to try out a completely different career in their retirement.

Eighty-six per cent say they would at least “get by” financially if they were to stop working at retirement age and only 22 per cent say running out of money in retirement is a concern.

Head of pensions development Rachel Vahey says: “Retirement is not the abrupt cliff edge it once was and for many of today’s baby boomers, retirement age marks a new and exciting chapter of their lives. But if you want to make adventurous life cho- ices and have a more flex- ible approach to retirement, you have to know what income you are on track to receive and plan carefully.”


Green Shoots Pruned back

Ethical funds must prove that last year’s performance is sustainable over the long term, says Chris Salih
Ethical funds enjoyed their most successful year in 2007 as a boom in sales showed the sector was starting to go mainstream but the credit crunch has seen performance and sales take a hit.

I was thanked by the lender that undercut me

I recently received an email from Woolwich thanking me for some recent cases which I have submitted to them. I quote: “We wanted to take this opportunity to thank you for your business over the last six months, an unprecedented period for all of us continuing to trade in the mortgage market.”

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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