Currently, a total of 18.5% of pensioners in the UK aged 75+ have incomes below the poverty line. The main reason for this is the UK’s low level of state pension. Business for Scotland have several articles about pensions which are worth a read.
British workers can expect among the worst pensions in the developed world, according to a report from investment bank UBS, which compared the retirement outlook for a 50-year-old woman in major cities across the globe. Pensions compared How much a state plus “mandatory” pension will be worth at retirement as a proportion of current income, based on a 50-year-old female in each city Singapore 73% Sydney 72% Paris 69% Milan 67% New York 55% Tokyo […]
The government must reconsider punishing changes to women’s pensions after it emerged earlier reforms boosted state coffers by more than £5 billion a year, campaigners say. The Institute for Fiscal Studies (IFS) found more than one million women are worse-off by an average of £32 a week after the retirement age moved from 60 to 63. The change, which happened between 2010 and 2016, has taken 1.1 million women off the pensions book, saving the […]
We now have active campaigning groups in Edinburgh and Lothians and in Glasgow and West of Scotland. The aim is to try to set up groups based around each of the other cities in Scotland, and after that to attempt to reach out into the surrounding rural areas. We are currently trying to identify people in and around other cities who might be interested in helping to set up new groups. This will enable us […]
So, the Tories are looking after their own in the insurance markets! Who would have guessed ? Quote from a city worker: “The Conservatives will attempt to soften the blow by promising that pensioners will not have to sell their homes to pay for their care costs while they or a surviving partner are alive. Instead, ‘products will be available’ allowing the elderly to pay by extracting equity from their homes, which will be recovered […]