Savers must adapt to retirement calculator changes, says Barclays

www.moneynews.co.uk > Retirement calculator > Savers must adapt to retirement calculator changes, says Barclays

Savers must adapt to retirement calculator changes, says Barclays

Tue 22nd Mar 2011

With several important changes to the pension system due to be introduced soon, Barclays has urged people to alter their investment strategy accordingly.

Catherine Penney, vice president of the company's Stockbrokers arm, urged individuals to utilise a range of products, including tax-privileged options such as Isas.

She explained that this will help savers boost their retirement income and deliver greater flexibility.

Barclays Stockbrokers research demonstrated that 57 per cent of people will contribute the same amount or more this year as they did during the previous 12 months, despite the changes to the tax-free threshold.

Ms Penney added: "It is crucial that investors remember the long-term importance of saving into a pension and ensure that they have adequate funds to provide for their retirement."

This week, Zurich launched an interactive guide to help intermediaries to explain the changes being made to the pension system to their clients and describe how to avoid paying too much tax.

Click here for more retirement calculator news

Related News : Retirement calculator
	Many Brits 'failing to save for retirement'
	Older Brits 'must get all the benefits they are entitled to'
	Many over-60s 'can just afford the basics'
	Older Brits 'feeling more of the strain'
	Over-50s 'suffering most from inflation'
	Retirees 'to challenge work-shy youngsters'
	Retirement incomes hit five-year low
	One-size-fits-all approach 'not right for retirement planning'
	Brits 'must reassess retirement plans'
	Homeowners advised to 'take small steps' when downsizing

Related News : Barclays
	Fixed-rate mortgages cut by Barclays
	Barclays make seventh consecutive mortgage rate cut
	Barclays to cut Woolwich fixed rate mortgage interest
	Barclays extends loan to value on Great Escape mortgage deals
	Barclays reduces rates on Bovis Homes mortgage package
	Consumers urged to use Woolwich fixed rate mortgages as protection
	Woolwich offset mortgages 'make sense'
	Barclays urges customers to consider remortgage deals
	Remortgaging deals could help people save money, says Barclays
	Barclays notes fixed rate mortgage holders unaffected by base movement