RIAS: Pensioners planning to flee abroad

Money News

www.moneynews.co.uk > Pensions > RIAS: Pensioners planning to flee abroad

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

RIAS: Pensioners planning to flee abroad

A study by RIAS, which specialises in insurance for the over-50s, has revealed that significant numbers of people in the UK are considering spending their retirement overseas, in order to avoid the credit crunch.

According to the RIAS figures, as the UK economy cools down more than 400,000 people over the age of 50 are planning to flee the country for warmer economic climes.

With the European commission predicting that the UK may be the slowest western European country to recover from the economic downturn, Mediterranean countries like France, Spain or Italy are increasingly looking like attractive post-retirement options.

RIAS managing director Janet Connor said that the expatriate lifestyle held obvious attractions.

She added: "More often than not there is cheaper property, a better climate, and a lower cost of living as well as the considerable health benefits of a Mediterranean diet and pace of life."

Last week a report by AXA revealed that many people in the UK have been stopping their pension contributions because they feel they can not afford them.

Click here for more pensions news
ADNFCR-323-ID-18888793-ADNFCR

Related News : Pensions

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet