Eat, drink and be better off
Another mince pie? Top up of sherry? The season dedicated to over-indulgence is upon us. The good news for those prone to suffering post-binge remorse is that although leading a gluttonous lifestyle is undoubtedly bad for your health, it could provide a boost for your annuity rates.
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(Source: Financial Times)
Christmas gifts to indulge passions and make profits
Hunting for that perfect Christmas gift for someone who has everything? Well, why not give your loved ones something that indulges their passions and could also net them a tidy profit?
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(Source: Reuters)
Third of Isa savers using wrapper as pension alternative
A third of the UK's 20m Isa savers are using the wrapper as a pension alternative, recent Treasury research has revealed.
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(Source: Investment Week)
Retirement prospects governed by lack of knowledge
New research from Abbey Savings indicates that over one-half of UK adults do not know how much money they need for their retirement.
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(Source: Banking Times)
Retirement age hikes ripple across the world
The age of retirement is rising across the world as governments react to increased longevity. HR consultancy Mercer looked at normal retirement ages (NRA) across 47 countries and found that the twin pressures of increasing social security costs and lower mortality rates are driving changes in pension provision.
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(Source: HR Zone)
Retailers urged to be ready for rise of wrinkly big spenders
Spending on the high street by those over 65 is predicted to rise faster than in any other group in a further sign of the growing power of the "grey pound", researchers have reported.
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(Source: Scotsman)
Innovative aging workforce strategies for employers
One of the most anticipated workplace trends of the 21st Century is the huge retirement wave that will hit most industrialized countries, including the United States, in the next few years. Bust surveys consistently report that most companies are unprepared to respond to the seismic shifts that are expected to appear in the workforce.
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(Source: Mature Market)
Head to head: Age discrimination
The Employment Equality (Age) Regulations were widely predicted to cause mayhem in the UK's workplaces. Yet in the year since their introduction on 1 October 2006, no more than a trickle has reached tribunal.
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(Source: Personnel Today)
Older people who walk quickly live longer
Brisk, older walkers live longer. Research just doesn't come any simpler than that, and University of Pittsburgh researchers say there's evidence that the ability to walk well is a powerful sign of healthy aging overall.
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(Source: Pittsburgh Post-Gazette)
Retirement rules eased to plug skills gap
Engineering companies are ready to waive the retirement age and provide incentives for older workers to stay on to ease chronic shortages of skilled employees, according to a survey.
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(Source: Daily Telegraph)
UK "worst EU state pension system"
The UK has the worst state pension system in the European Union for the second year running, a report has said.
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(Source: Press Association)
Employment Appeal Tribunal rules age discrimination claim against mandatory retirement at 65 can wait for Heyday judgment
A surge in age discrimination claims from workers forced to retire at 65 has become more likely after an appeal tribunal decision.
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(Source: Personnel Today)
Employers using migrant workers to help plug UK skills gap instead of training older staff
The Age and Employment Network (TAEN), which campaigns for an effective job market for 50- to 70-year-olds, warned that the UK was relying too heavily on migrant staff to fill skills gaps and not developing the existing older workforce.
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(Source: Personnel Today)
Barclays Financial Planning reveals smaller companies' concerns at low pension contributions
A new study by Barclays Financial Planning (BFP) of 200 small to medium sized companies has revealed that over half (51 per cent) of these employers are concerned that their employees are making insufficient contributions to their pensions and are actively encouraging their staff to increase them.
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(Source: pr-usa.net)
Rise of the Saga divorce: More over-50s go it alone once children leave home
Their children have grown up. Their mortgage is paid off. And they are looking forward to a long and happy retirement - apart.
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(Source: Daily Mail)
New Pensions Bill plans flatter, wider employer contributions
The decision to go ahead with Personal Accounts for employees outside company pension schemes from 2012 was widely expected by the industry, and gives employers a possible alternative to existing defined contribution arrangements.
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(Source: Finance Week)
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