Raeside Chisholm Solicitors Blog

Recent research from the International Longevity Centre-UK (ILC-UK) and the Personal Finance Research Centre (PFRC) at the University of Bristol has painted an up to date picture of “financial wellbeing in later life”, exploring issues as broad as patterns of spending, debt, financial satisfaction and quality of life in older age.

Retirement means different things to the ‘baby boomers’ now reaching retirement than it did to their parents - if the findings of Aviva’s most recent Real Retirement Report are anything to go by.

The over-50s are underestimating how long they will live and are over-optimistic about how well off they will be in their retirement, particularly given the low annuity rates on offer, new research by pensions experts has warned.

The Association of British Insurers (ABI) has launched a consultation on annuity rates transparency to help people approaching retirement get the best pension deal.