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Half of pensioners have had to cut spending – Prudential

Half of Briton&#39s 10m pensioners have been forced to cut back on their spending over the last three months according to research from the Prudential.

More than 2m have gone back to work although the Pru concedes in some cases this could be just to combat boredom, while others could need the cash it says.

The findings from the life office&#39s quarterly Retirement Index also show that 210,000 pensioners have actually broken the law or at least considering do so in order to boost their income.

Director of marketing Roger Ramsden says: “Our research shows that the need to stay abreast of financial matters doesn&#39t stop when you leave work. The number of pensioners who feel their low household income restricts them from leading a comfortable life in retirement has consistently risen since we started the Index last year.”

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Norwich Union – Monthly Fixed Income Plan

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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