retirees

Retirees want £21,000-a-year but 66% may see pensions run out

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Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more

New unsecured loan could give retirees an alternative to equity release

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Retired homeowners who need to borrow to pay off an outstanding mortgage can now apply for a new unsecured loan designed specifically for this purpose. Previously homeowners needing to borrow large sums after they retired would have had to rely on either equity release or a retirement interest-only mortgage. Both of these routes involve taking a … Read more