When can you retire?

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A recent report by the Office of National Statistics (ONS) has revealed that over 1.4 million people of pension age are still working. The number of people working past the pension age has also doubled over the last 18 years.

Director general of Saga, Ros Altmann has stated that many are forced to work for financial reasons and this, “may be especially true for women who may have returned back to work from taking time off and have very little pension ...

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Government review interest rates

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The Bank of England policymakers are set to meet this week to decide whether to inject more money in the quantitative easing (QE) programme or to change the current interest rates.

Adam Chester, economist at Lloyds commented, “The Bank of England will be looking at a host of factors – principally the crisis in the eurozone and the challenging economic environment. It’s nothing to get too gung ho about, but it’s not as bad as feared.”

Critics have predicted the Bank of ...

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Spain struggle as Eurozone crisis deepens

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To overcome the countries increasing financial crisis, Spain has dropped its opposition to external funding and asked the European banks for help.

This call for assistance had been delayed as the government had feared that such a move would undermine market confidence in Spain. However the Treasury minister, Cristobal Montoro made an appeal to the European banks by stating, “The door to the markets is not open to us at the moment.” He said that without help, “The future of the ...

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Britain’s savers will boost UK growth prospects

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Chancellor George Osborne has ordered Treasury officials to find ways to convince savers to transfer billions of pounds held in assorted savings to new government “growth bonds”. If the proposal was implemented this would be the first time since the Second World War such a scheme has been used.

Those savers choosing to transfer money to the new scheme could be offered tax breaks similar to Individual Savings Accounts (ISAs).

Nick Clegg said, “From the top of government, a few weeks ago ...

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Is there a safe place left to invest your money?

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With the current economic climate and further trouble in the eurozone many trusted investments are quickly turning sour.

The financial world used to be a much more straightforward place with cash savings, government debt and gold being a reliable bet. However the financial crash in the west has changed the situation drastically.

Adrian Lowcock, a director at Bestinvest said, “safe havens are not always what they seem and you should be aware of the new risks these carry. Investing in them can ...

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