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Pension: Over 50s worse off by £449 per month - but retirement can still be rescued | Personal Finance | Finance


With over 50s close to, or entering, retirement, this could prove devastating for later life. 
For those who still remain in employment, three quarters of over 50s said their work-life balance has become worse as a result of the pandemic. 
Ian Atkinson, marketing director at SunLife, commented to Express.co.uk on the matter.
He said: “Our research shows that the pandemic has taken its toll on older people’s mental health, and women more than men.
Pension: Monthly sum needed for a £100k pot (Image: EXPRESS)
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“The disruption to jobs, worsening work/life balance and reduced incomes has almost certainly had an impact. ....

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Money Talk: Experts offer advice on over 55s mortgages & top deals | Personal Finance | Finance


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Recently, Steven, 57, wrote to Express Money for further guidance on a securing a mortgage. In the latest instalment of Money Talk, Matt Coulson from Heron Financial, Kevin Roberts from Legal & General Mortgage Club and Katie Brain from Defaqto were all on hand to offer suggestions on mortgages. Steven asked: “Hello. I would like some advice on mortgages please. I’d like to find the best deals for over 55s, or am I too old to be considering this at 57?” ....

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Pension: How over 55s can 'take control' of finances amid 'ongoing crisis' of COVID-19 | Personal Finance | Finance


| UPDATED: 14:26, Tue, Feb 23, 2021
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Pension saving is considered to be important for retirement, but for those who are getting closer to leaving the workforce, or individuals who have already departed, financial wellbeing is also vital. Ensuring one has enough to see them through later years of life is key, but many have been financially upended due to COVID-19. However the pandemic has affected a person, reevaluating finances can be a good way to ensure individuals are on track and financially protected in all circumstances.  ....

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PIP claim: Personal Independence Payment amount will rise - when to expect increase


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PIP, formally known as Personal Independence Payments, provides financial support to individuals with long term ill-health or a disability. The benefit is crucial for individuals who may need additional help paying for their care, as well as other day-to-day costs which may arise. PIP can be claimed by people whether they are in work or not, and the payment is tax-free. ....

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