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Third of elderly wish they had saved more

A third of UK pensioners regret not saving enough for their retirement and would prefer to have started a pension earlier, according to research by online stockbroker comdirect.

Thirty-five per cent of people in their 60s and 29 per cent in their 70s wish they had not put off investing in a pension.

Not starting a pension earlier was the biggest regret for 32 per cent of the sample, including 34 per cent of women and 30 per cent of men.

Marketing manager Neil Jamieson says: “While we all have times when we wish we could have done things differently, it is up to individuals to map out their futures.

“What is evident from the research is that financial matters feature highly on people&#39s wish lists and it is hoped that the Government and financial providers&#39 constant awareness campaigns will eventually get through to people before it is too late.”

Help the Aged policy officer Richard Wilson says: “It is no surprise that many older people feel they are limited by their retirement income and wish that they had more opportunities to save when they were in work. All too many pensioners, especially women, are still living in poverty in retirement.”


Closing bonus as online bank becomes a casualty

Zurich Bank, the online service set up by Zurich Financial Services in January, closed to new business last week and will shut down completely in spring 2003.It claims the launch into internet banking in a joint venture with HBoS was “highly successful” but ZFS has decided to focus on its core insurance business after the […]

Warning of strikes over occupational schemes

There is a clear-cut case for striking over pensions and employers should expect workers to start walking out unless they stop closing occupational schemes, warn two of the UK&#39s biggest unions.The call from public services union Unison and manufacturing union Amicus, which collectively represent two million UK workers, comes a week after Trades Unions Congress […]

Early Retirement Hopes Fade

The number of people who expect to be able to take early retirement is falling according to research by Virgin Money.Only 27 per cent of the 600 people surveyed believed they would be able to retire before the age of 60, compared to 37 per cent two years ago.Although a steady proportion of approximately 50 […]

New Star opens hedge fund horizons

New Star Asset Management has opened the New Star Japan hedge fund to high-net-worth retail investors and institutional investors.The fund is a Bermuda-based long and short equity fund that offers investors a choice of two currencies, dollar or yen. It aims to produce growth for investors in all market conditions and will focus mainly on […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


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