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OAPs struggling on 5k per year, says Pru

Worrying new research from the Pru shows 17 per cent of OAPs are living on under 5,000 a year.

Almost one in five pensioners retirement income does not allow them to meet their financial commitments and live a comfortable life, according to the research.

A third of pensioners live on under 7,500 per year and nearly one in five pensioners go back to work after retiring. The survey of 480 OAPs also found that eight per cent are forced to use assets they wanted to leave as inheritance. Two per cent say money worries have driven them to contemplate suicide.


Nude awakening

A warning to all press officers – being nice can land you in trouble. Take our dear Polhill press officer Despina Constantinides, who is currently roaming across the plains of South America. Her over-trusting personality led to an elderly Don Juan, a Chilean gentleman, offering to take her on a scenic bike ride across a […]

Appeal to their greed

Simon Rennie Director, Cassiobury Consultants, Watford, Hertfordshire

Reits get an early start

Real estate investment trusts are set to be introduced early next year following the Chancellor’s surprise decision to introduce them in his pre-Budget report on Monday. Industry speculation had suggested the Chancellor might delay Reits because of concerns over loss of tax revenues but their inclusion in his statement came as good news to providers. […]

Give credit to Turner

Scare stories surrounding the Pensions Commission proposals are disappointing.


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