LONDON, ENGLAND, May 20, 2011 (Press-News.org) Standard Life research* has revealed the most popular retirement top-up plans for people who have saved into a pension. Alongside using other investments (43%), nearly a quarter (24%) are expecting inheritance will help fund their retirement, while others are planning equity release on their main home (10%), using rental income / sale of a property (23%) or using a partner or spouse's income (16%).
The research found that 7% of over-55s don't plan to retire or have a pension plan, even though they had been saving into a pension. Using the state pension or other state benefits (76%) was the favoured choice of the majority of people. 23% of women are expecting to receive a retirement top-up from their spouse, while 13% of men make the same assumption.
John Lawson, head of pensions policy at Standard Life said: "Nearly half a million people in the UK over 55 are not planning to retire. This shows our attitudes towards retirement are changing, as people consider the implications of working and living longer than ever before. We know that many people want to continue working on their own terms, while some will want to start a new business or learn a new skill.
"Unfortunately, some may not have got their financial planning quite right. The realisation of reaching 65 and having to fund another 30 years in retirement has made them rethink their future plans.
"Relying on certain sources of income, for example an inheritance, could leave you short changed, so seeking the right financial advice early on and taking practical steps to ensure you don't have all your eggs in one basket may prove a prudent move in later years."
To help support people when making investment decisions, Standard Life has recently launched a range of investment funds, called MyFolio**. The MyFolio funds are a family of carefully constructed risk-based portfolios that offer clients a choice of active and passive investment strategies across five risk levels. Three styles are available to suit each clients' investment philosophy: MyFolio Market Funds, Standard Life MyFolio Funds and MyFolio Multi-Manager Funds.
About Standard Life:
Standard Life is a leading long term savings and investments company headquartered in Edinburgh and operating internationally. Established in 1825, Standard Life provides life assurance, annuities, investment funds, stocks & shares ISA, tax efficiencies, pensions including self-invested personal pensions (SIPP) company pensions and employer pensions, and investment management to over 6.5 million customers worldwide.
Notes to Editors:
*All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 1,211 adults in the UK who are working and have a defined benefit, defined contribution pension and / or a personal pension. Fieldwork was undertaken between 26th-29th November 2010. The survey was carried out online.
**MyFolio can be accessed via both a Stocks and Shares ISA and Active Money Personal Pension. MyFolio is a family of carefully constructed risk-based portfolios, managed by Standard Life Investments. A committee oversees the fund research process and includes independent experts from outside the Standard Life group.
Website: http://www.standardlife.com
Standard Life Reveals the Most Popular Retirement Top-Up Plans
Standard Life has revealed the most popular retirement top-up plans.
2011-05-20
ELSE PRESS RELEASES FROM THIS DATE:
Wolbachia bacteria reduce parasite levels and kill the mosquito that spreads malaria
2011-05-20
Wolbachia are bacteria that infect many insects, including mosquitoes. However, Wolbachia do not naturally infect Anopheles mosquitoes, which are the type that spreads malaria to humans. Researchers at the Johns Hopkins Bloomberg School of Public Health found that artificial infection with different Wolbachia strains can significantly reduce levels of the human malaria parasite, Plasmodium falciparum, in the mosquito, Anopheles gambiae. The investigators also determined that one of the Wolbachia strains rapidly killed the mosquito after it fed on blood. According to the ...
New study suggests dietary supplement can protect against pre-eclampsia
2011-05-20
A dietary supplement containing an amino acid and antioxidant vitamins, given to pregnant women at high risk of pre-eclampsia, can reduce the occurrence of the disease, finds a study published on bmj.com today.
Pre-eclampsia is a serious condition where abnormally high blood pressure and other disturbances develop during pregnancy. It affects about 5% of all first-time pregnancies and is dangerous for both mother and child.
Pre-eclampsia is thought to be linked to a deficiency in L-arginine, an amino acid that helps to maintain a healthy blood flow during pregnancy. ...
Caltech researchers release first large observational study of 9.0 Tohoku-Oki earthquake
2011-05-20
PASADENA, Calif.—When the magnitude 9.0 Tohoku-Oki earthquake and resulting tsunami struck off the northeast coast of Japan on March 11, they caused widespread destruction and death. Using observations from a dense regional geodetic network (allowing measurements of earth movement to be gathered from GPS satellite data), globally distributed broadband seismographic networks, and open-ocean tsunami data, researchers have begun to construct numerous models that describe how the earth moved that day.
Now, a study led by researchers at the California Institute of Technology ...
Debenhams Announces Spike in Fake Tan Sales After Royal Wedding
2011-05-20
Debenhams Beauty Hall has revealed that the 'glowing' example of the Middletons at the Royal Wedding has caused a sales spike of fake tan with British women aiming to look just as bronzed during this year's wedding season.
The afternoon of the Royal Wedding Day saw fake tan flying off the shelves with sales up 219 per cent compared to the same day last year. The following day was almost as successful as shoppers, inspired by the wedding highlights on TV, boosted sales by 200 per cent.
Rumours are abound as to how the Middletons achieved their sun-kissed looks, from ...
Littlewoods Europe Launches Biggest Ever Range of Swimwear and Shapewear
2011-05-20
Littlewoods Europe has announced the launch of its biggest range of swimwear and shapewear ever.
The new range is part of the Littlewoods Europe summer shop range, and includes a stylish collection of bikinis, tankinis, swimsuits, sports swimwear and beachwear accessories. There are over 200 lines of swimwear and shapewear, with many of them included in a 3 for the price of 2 promotion.
There are a number of styles and designs to choose from, with lots of mix and match styles ranging from sizes 8 to 26 and up to a bust size of 44F. The new range also features a line ...
Ex-Dallas Maverick survives rare form of leukemia thanks to experimental drug treatment
2011-05-20
DALLAS – May 19, 2011 – Ray Johnston's goal in three years is for his band to sell out at the 1,600-seat House of Blues in Dallas. In eight years, he wants to pack the 6,400-seat Verizon Theatre in Grand Prairie, and by 2030, to play to tens of thousands of fans at Cowboys Stadium in Arlington.
Mr. Johnston's unmentioned goal, though, is to live another year after battling leukemia for the past seven. Despite four relapses, the former Dallas Mavericks basketball player is enjoying life as a rising musician in The Ray Johnston Band.
Although he credits God for his recovery, ...
440-year-old document sheds new light on native population decline under Spanish colonial rule
2011-05-20
Analysis of a 440-year-old document reveals new details about native population decline in the heartland of the Inca Empire following Spanish conquest in the 16th century.
According to the analysis, the native Andean population in the Yucay Valley of Peru showed a remarkable ability to bounce back in the short term from the disease, warfare, and famine that accompanied the initial Spanish invasion. However, it was the repetition of such disasters generation after generation, along with overly rigid colonial administration, that dramatically reduced the population over ...
Archaeologists uncover oldest mine in the Americas
2011-05-20
Archaeologists have discovered a 12,000-year-old iron oxide mine in Chile that marks the oldest evidence of organized mining ever found in the Americas, according to a report in the June issue of Current Anthropology.
A team of researchers led by Diego Salazar of the Universidad de Chile found the 40-meter trench near the coastal town of Taltal in northern Chile. It was dug by the Huentelauquen people—the first settlers in the region—who used iron oxide as pigment for painted stone and bone instruments, and probably also for clothing and body paint, the researchers say. ...
TradingFloor.com Releases Video on Margin Pressure
2011-05-20
TradingFloor.com, the home of Saxo Bank's trading commentary, financial research and analysis, has released a video discussing the first quarter earnings wrap and specifically what happened to margin pressure.
It seems margin pressure hardly emerged and that its effects (on the back of higher commodities), especially for consumer driven companies, will instead first kick in later in the year. The underlying momentum for stocks remains strong. Pro-cyclical companies, in particular, posted good results largely driven by emerging markets), and this was confirmed in their ...
Identification of 'fingerprint' of rare tumor leads to development of cheap and reliable new test
2011-05-20
Researchers at the University of Oxford have developed a cheap and reliable diagnostic test for a rare form of cancer. The test involves screening tumour samples for a particular molecular fingerprint unique to this type of cancer.
Hereditary leiomyomatosis and renal cell cancer (HLRCC) is a disorder which causes the development of benign but often painful tumours in the skin and, in females, in the uterus. Between one in six and one in ten people affected by the disorder will go on to develop an aggressive form of kidney cancer called papillary renal cell cancer. The ...
LAST 30 PRESS RELEASES:
Medigap protection and plan switching among Medicare advantage enrollees with cancer
Bubbles are key to new surface coating method for lightweight magnesium alloys
Carbon stable isotope values yield different dietary associations with added sugars in children compared to adults
Scientists discover 230 new giant viruses that shape ocean life and health
Hurricanes create powerful changes deep in the ocean, study reveals
Genetic link found between iron deficiency and Crohn’s disease
Biologists target lifecycle of deadly parasite
nTIDE June 2025 Jobs Report: Employment of people with disabilities holds steady in the face of uncertainty
Throughput computing enables astronomers to use AI to decode iconic black holes
Why some kids respond better to myopia lenses? Genes might hold the answer
Kelp forest collapse alters food web and energy dynamics in the Gulf of Maine
Improving T cell responses to vaccines
Nurses speak out: fixing care for disadvantaged patients
Fecal transplants: Promising treatment or potential health risk?
US workers’ self-reported mental health outcomes by industry and occupation
Support for care economy policies by political affiliation and caregiving responsibilities
Mailed self-collection HPV tests boost cervical cancer screening rates
AMS announces 1,000 broadcast meteorologists certified
Many Americans unaware high blood pressure usually has no noticeable symptoms
IEEE study describes polymer waveguides for reliable, high-capacity optical communication
Motor protein myosin XI is crucial for active boron uptake in plants
Ultra-selective aptamers give viruses a taste of their own medicine
How the brain distinguishes between ambiguous hypotheses
New AI reimagines infectious disease forecasting
Scientific community urges greater action against the silent rise of liver diseases
Tiny but mighty: sophisticated next-gen transistors hold great promise
World's first practical surface-emitting laser for optical fiber communications developed: advancing miniaturization, energy efficiency, and cost reduction of light sources
Statins may reduce risk of death by 39% for patients with life-threatening sepsis
Paradigm shift: Chinese scientists transform "dispensable" spleen into universal regenerative hub
Medieval murder: Records suggest vengeful noblewoman had priest assassinated in 688-year-old cold case
[Press-News.org] Standard Life Reveals the Most Popular Retirement Top-Up PlansStandard Life has revealed the most popular retirement top-up plans.