More than ten years needed for pensions calculator, claims Saga chief

Money News

www.moneynews.co.uk > Pensions calculator > More than ten years needed for pensions calculator, claims Saga chief

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

More than ten years needed for pensions calculator, claims Saga chief

Anyone planning to save for a pension over the course of a decade may need to reconsider their strategy, if the head of Saga is to be believed.

Dr Ros Altmann, director general of the company, suggested they could try putting their savings into high-risk investments, but otherwise people will face an uphill struggle to prepare for retirement in such a short period of time.

"I fear that unless people are on a decent salary and have low expenses, they are unlikely to ... save enough to provide a decent pension in just ten years," she said.

Dr Altmann, people who are in this situation could consider using the equity in their homes to provide some money.

Otherwise, she opined that individuals may need to work for longer on a part-time basis.

Her remarks follow research by LV= showing two-fifths of over-50s believe their savings will be worse off as a result of recent pension reform by the coalition government.

Click here for more pensions calculator newsADNFCR-323-ID-800247262-ADNFCR

Related News : Pensions calculator

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Saga

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet