Share
Two-thirds (66%) of workers retiring this year are at risk of running out of money if they rely on just their personal and state pension, a new report has revealed.
The report from Standard Life Aberdeen found that 2021 retirees are planning to spend an average of £21,000 a year during their retirement, which if they just lived on their personal pension savings, along with the money they would receive from their state pension, would result in two-thirds being at risk of running out of money.
As well as this, the report found that the average value of pension pots for those retiring this year is £366,000, but a third (33%) have less than £100,000 saved. Commenting on the findings, John Tait, retirement advice specialist at Standard Life Aberdeen, said: “Pension pots are without a doubt the most popular option for funding retirement, but it’s so important that retirees consider any other savings or assets they can use when deciding whether they can afford to retire
Growing numbers are planning a flexible retirement
By Leah Milner 5
th May 2021 10:29 am
More than half of those retiring in 2021 do not plan on giving up work completely, research from Standard Life Aberdeen has found.
In its Class of 2021 report, the pension company found that 56% of this year’s retirees are planning a phased or flexible approach.
Of all those retiring this year, 27% plan to go part-time, 19% intend to volunteer and 6% want to set up their own business.
The research also looked at those who retired in 2020.
It found that 34% decided to continue working to some degree, while 21% are now considering returning to work part-time having previously left their jobs.
Neil Davidson
Coach John Tait is shown with players after Canada defeated Japan in women s sevens rugby action at the 2016 Olympic Games in Rio de Janeiro, Brazil on Saturday, Aug. 6, 2016. THE CANADIAN PRESS/Sean Kilpatrick May 04, 2021 - 12:00 PM
Former Canadian women s rugby sevens coach John Tait says he supports the release of the independent review into a complaint by current and former players. I am unable to speak to any of the details of the claims and the unequivocal findings of the independent investigator, Tait said in a statement Tuesday. However, should RC (Rugby Canada) wish to release it all publicly, I would fully support them in doing so.
Posted: Apr 28, 2021 2:56 PM ET | Last Updated: April 28
Canada captain Ghislaine Landry, left, released a statement Wednesday saying their complaint explained the psychological abuse, harassment and/or bullying these athletes feel they were subjected to in the centralized training environment. (Jeff Chiu/The Associated Press)
The Canadian women s rugby sevens team, which made a formal complaint in January to its governing body, says it was let down by Rugby Canada s harassment and bullying policy.
Coach John Tait stepped down Monday in the wake of an independent review that said while the conduct described in the complaint reflected the experiences of the athletes, it did not fall within the policy s definition of harassment or bullying.
Canadian rugby sevens coach resigns in wake of independent report | iNFOnews | Thompson-Okanagan s News Source infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.