OECD highlights how UK retirees are getting a raw deal – is that you?
A just-released OECD study on pensions has revealed how British retirees experience a bigger drop in income on retirement than those in almost every other country in the organisation. From the 34 member states, only Mexican and Chilean pensioners are worse off. According to the figures, on retirement the average UK earner will receive a pension of just 38% of their pre-retirement income. This compares to a figure of 96% for Holland and 66% for Denmark and an average figure ac
Retirement planning in Malaysia – four easy steps to success
Expats living in Malaysia often benefit from a high level of disposable income due to generous salary packages combined with inexpensive day-to-day living, which makes their time spent working there a great time to get ahead in the retirement planning game. In spite of this, planning a pension often comes way down the list of priorities when you have a new job to get your teeth into, an exciting and diverse new culture to explore and wonderful holiday destinations on your doo
Expats: do you know where all your pensions are?
Expats are in an unusual position when it comes to their retirement because the chances are they have managed to create pension entitlements in a variety of places around the world. That in itself is not a problem, the difficulty comes when you get to retirement and it is time to get all of the money you are due to from every fund you have ever paid into. You may think that the pension providers and governments you have given your hard-earned cash to look after will spare no
Five UK pension myths busted
Although pensions affect us all if we are lucky enough to last until we stop working, there is a surprising amount of confusion surrounding the subject. Here are 5 common myths about pensions: 1. I don’t need a private pension, the state will support me This is probably the most common pension myth, often used by people to justify their own lack of saving. Sadly, those taking this view are going to be sorely disappointed come retirement day. State pensions are shrinking as th
Are you on track for a comfortable retirement?
Whatever your age, whether retirement is round the corner or decades away, you really should be asking yourself this question. You don’t have to search very far on the internet to ascertain that a pensions’ timebomb is ticking in almost all of the world’s developed economies. Economists are predicting a crisis in the US, Canada and Australia but apparently the UK comes top for pension-unpreparedness with the average retiree predicted to run out of money after 7 years even tho
