Advanced





Pension planning 'is lacking for over 50s'



Pessimism and non-participation in pension schemes could cause problems for over 50s, according to research.

Poor pension planning could be paving the way for a delayed or deprived retirement for over 50s, according to research.

Statistics published by Barings Asset Management has revealed that 24 per cent of those over 55 are without any pension provision at all, leaving them facing a potential lack of retirement funds.

According to separate research conducted by the Chartered Institute of Personnel and Development, the reason that many are failing to invest is one of affordability, while others are looking to rely on other sources of income, or even work for longer.

Global investment management group BlackRock described the negative attitude towards pensions as "amazing" and suggested that much of it could stem from a lack of understanding on the way such schemes function.

Steve Rumbles, spokesperson for the group, stated that action should therefore be taken both by the government and by workers to improve engagement with pensions and future financial planning.

He said: "It's very easy to be pessimistic… [but] you have got to react to these things."



To view businesses and services in our Finance section click here




Homebase
Homebase is the UK’s second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
Sky
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours – 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
ProstaMax
The only prostate supplement with 100% pure Beta-Sitosterol