This report lets you see for yourself what others
think and feel about their retirement. I hope it will
also encourage some readers to take more control
of their own financial future. The ability to shape your
retirement is in your own hands with the power
of planning.
Although symptoms can vary widely, the first problem many people notice is forgetfulness severe enough to affect their ability to function at home or at work or to enjoy lifelong hobbies.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in peopleâs homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the personâs home and recover the value of the equity from the personâs estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' thened present the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
Although symptoms can vary widely, the first problem many people notice is forgetfulness severe enough to affect their ability to function at home or at work or to enjoy lifelong hobbies.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in peopleâs homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the personâs home and recover the value of the equity from the personâs estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' thened present the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
Professor Les Mayhew's presentation, given on Thursday 12th November at the launch of Cass Business School's research report 'Pension pots and how to survive them'.
Debt and problem debt among older people 4june13 - presentationILC- UK
Â
Debt is commonly assumed to be a problem of the young and not of the old. New research carried out by ILC-UK and supported by Age UK examines the validity of this assumption and sets out the extent to which debt impacts on the lives of older people.
Over recent years, older people, in common with other age groups, have faced significant financial challenges. For older people, lower than expected returns on savings and decreases in annuity rates have reduced the income many retirees were expecting in later life. Increases in energy and food costs are also hitting older people on fixed incomes hard, while older workers are faced with unprecedented job and income insecurity. Could these new challenges have influenced the attitudes and behaviours of older people towards credit usage? And just how accurate are cosy depictions of older people as âsquirreling savers shunning creditâ compared to the reality?
This new research explores the way in which attitudes towards borrowing vary by age before presenting new findings on levels of problem debt among older people. The characteristics associated with entering problem debt are explored in this research, as well as the outcomes of living with problem debt on the lives of older people.
Dr Dylan Kneale, Head of Research at ILC-UK, presented the findings of the research. Dr Stella Creasy MP, known for her parliamentary work around the field of debt, was a keynote speaker, while Sally West, Income and Poverty Strategy Adviser at Age UK, provided insight into the organisationâs work in providing debt counselling and advice for older people. Tom Wright, Chief Executive of Age UK, and Baroness Sally Greengross, Chief executive of ILC-UK, co-chaired the event and all took part in a panel debate after presentations.
The end of the beginning: Private defined benefit pensions and the new normalILC- UK
Â
Held on Wednesday, 18th January 2017 in the House of Lords, this event launched the ILC-UK report 'The end of the beginning? Private defined benefit pensions and the new normal'.
Social Security: What you Might be Missing in Your Retirement PuzzleFSRoundtable
Â
The Financial Services Roundtable, its Save 10 initiative and WISER will hold a two-panel livecast event highlighting ways to build a personal financial future and plan for a retirement supported in part by Social Security.
Watch Live: https://livestream.com/FSRoundtable/FinancialPuzzle
Federica Teppa, Maarten van Rooij. Are Retirement Decisions Vulnerable to Fra...Eesti Pank
Â
Federica Teppa
(De Nederlandsche Bank & Netspar)
Maarten van Rooij
(De Nederlandsche Bank & Netspar)
Open Seminar at Eesti Pank
Tallinn - September, 2013
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our âHousing in an ageing societyâ factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nationâs Housingâ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people â mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
Introduction to Retirement - where are most peopleMaxilife
Â
Research from Deloitte and HSBC showing the situation most retirees find themselves in.
Underfunded, Living too long, spiraling costs, it isn't a pretty picture but it doesn't have to be like this.
Further in the course we show you how to educate yourself and use established tools to improve your lifestyle in retirement.
At the end of February 2012, ILC-UK, with the support of Partnership, published a report which explored the impact of the Retail Distribution Review (RDR) on people with small pension pots.
Whilst the report supported the principles of the RDR, it expressed worries about the creation of an âadvice gapâ where the poorest and least well-off pensioners might fail to receive critical financial advice.
Since the publication of the report, Government, the FSA and HM Treasury have taken forward a number of positive policy initiatives, some of which addressed some of the issues in the ILC-UK report. The ABI has developed a new code of conduct for members which will support the consumer to take the open market option. The DWP has been developing âoperation big pension potâ. And the FSA has published guidance on simplified advice.
However, the problems highlighted in the ILC-UK report are far from solved and there remain a number of immediate challenges. The combination of the end of compulsory annuitisation, the introduction of the RDR, the growth in the number of small pension pots and the introduction of auto enrolment will require further policy action in the short term, and certainly before 1 January 2013.
This summit was convened with a view of creating a policy consensus to tackle the challenges ahead. Following the Summit, ILC-UK will publish a report which sets out the recommendations which emerge from the event.
The Retirement Income Summit focused on three specific themes. Senior representatives from Government, industry and consumer organisations debated
Post RDR financial advice may be beyond the means of the average person. How can we fill the advice gap?
People with average sized pension pots are entitled to reasonable outcomes. How can we improve the pensions annuity process for the consumer and industry?
Good regulation protects the consumer but it must not inadvertently damage the potential of products and services to increase pensioner income? How can we ensure that the length and complexity of communications required by legislation does not damage communications?
The Financial Services Consumer Panel, (FSCP) recently published a report which argued that the annuity market does not work well for the majority of consumers. The Panel felt that the âcomplex marketâ was âfailing to deliver good outcomes for many consumersâ.
The value of annuities is increasingly being questioned by journalists and opinion formers. Rates are improving but have been relatively low and too few individuals exercise choice or have access to the advice they need. Those in favour of other alternative income options, such as income drawdown, have signalled that it is the end of annuities. Yet, annuities offer significant benefits over other forms of pension income. A guaranteed income for life is considered a better option by some customers.
The debate, sponsored by Legal & General, a leading annuity provider, in conjunction with the International Longevity Centre - UK (ILC-UK) was held in the House of Lords, on Thursday 30 January 2014.
During the event we explored what the industry, government and the regulator needs to do to respond to the FSCP challenges and whether annuities are still fit for purpose. Or does the industry need to innovate in product design and access to flexible solutions that meet future customersâ expectations?
The event, chaired by Baroness Sally Greengross, firstly presented the views of a panel of six leading representatives from across the industry who have an interest in the at retirement market outlining whether they believe that annuities are still fit for purposes and if not, what other options they believe should be considered.
The panel included Sue Lewis, Chair of the Financial Services Consumer Panel; Dan Hyde, Personal Finance Editor of the Daily Telegraph; Tom McPhail, Head of Research at Hargreaves Lansdown and Chair of Pension Income Choice Association (PICA); Ros Altmann, Economist and former Downing Street adviser; Jane Vass, Head of Public Policy at Age UK and Tim Gosden, Head of Strategy for Legal & Generalâs individual annuity business.
Following the panel presentation the debate was then opened to the invited audience which included parliamentarians and senior representatives from across the industry. Senior representatives of charities, think tanks, government departments, regulators and selected media contacts who regularly write on this subject, were also invited.
Professor Les Mayhew's presentation, given on Thursday 12th November at the launch of Cass Business School's research report 'Pension pots and how to survive them'.
Debt and problem debt among older people 4june13 - presentationILC- UK
Â
Debt is commonly assumed to be a problem of the young and not of the old. New research carried out by ILC-UK and supported by Age UK examines the validity of this assumption and sets out the extent to which debt impacts on the lives of older people.
Over recent years, older people, in common with other age groups, have faced significant financial challenges. For older people, lower than expected returns on savings and decreases in annuity rates have reduced the income many retirees were expecting in later life. Increases in energy and food costs are also hitting older people on fixed incomes hard, while older workers are faced with unprecedented job and income insecurity. Could these new challenges have influenced the attitudes and behaviours of older people towards credit usage? And just how accurate are cosy depictions of older people as âsquirreling savers shunning creditâ compared to the reality?
This new research explores the way in which attitudes towards borrowing vary by age before presenting new findings on levels of problem debt among older people. The characteristics associated with entering problem debt are explored in this research, as well as the outcomes of living with problem debt on the lives of older people.
Dr Dylan Kneale, Head of Research at ILC-UK, presented the findings of the research. Dr Stella Creasy MP, known for her parliamentary work around the field of debt, was a keynote speaker, while Sally West, Income and Poverty Strategy Adviser at Age UK, provided insight into the organisationâs work in providing debt counselling and advice for older people. Tom Wright, Chief Executive of Age UK, and Baroness Sally Greengross, Chief executive of ILC-UK, co-chaired the event and all took part in a panel debate after presentations.
The end of the beginning: Private defined benefit pensions and the new normalILC- UK
Â
Held on Wednesday, 18th January 2017 in the House of Lords, this event launched the ILC-UK report 'The end of the beginning? Private defined benefit pensions and the new normal'.
Social Security: What you Might be Missing in Your Retirement PuzzleFSRoundtable
Â
The Financial Services Roundtable, its Save 10 initiative and WISER will hold a two-panel livecast event highlighting ways to build a personal financial future and plan for a retirement supported in part by Social Security.
Watch Live: https://livestream.com/FSRoundtable/FinancialPuzzle
Federica Teppa, Maarten van Rooij. Are Retirement Decisions Vulnerable to Fra...Eesti Pank
Â
Federica Teppa
(De Nederlandsche Bank & Netspar)
Maarten van Rooij
(De Nederlandsche Bank & Netspar)
Open Seminar at Eesti Pank
Tallinn - September, 2013
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our âHousing in an ageing societyâ factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nationâs Housingâ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people â mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
Introduction to Retirement - where are most peopleMaxilife
Â
Research from Deloitte and HSBC showing the situation most retirees find themselves in.
Underfunded, Living too long, spiraling costs, it isn't a pretty picture but it doesn't have to be like this.
Further in the course we show you how to educate yourself and use established tools to improve your lifestyle in retirement.
At the end of February 2012, ILC-UK, with the support of Partnership, published a report which explored the impact of the Retail Distribution Review (RDR) on people with small pension pots.
Whilst the report supported the principles of the RDR, it expressed worries about the creation of an âadvice gapâ where the poorest and least well-off pensioners might fail to receive critical financial advice.
Since the publication of the report, Government, the FSA and HM Treasury have taken forward a number of positive policy initiatives, some of which addressed some of the issues in the ILC-UK report. The ABI has developed a new code of conduct for members which will support the consumer to take the open market option. The DWP has been developing âoperation big pension potâ. And the FSA has published guidance on simplified advice.
However, the problems highlighted in the ILC-UK report are far from solved and there remain a number of immediate challenges. The combination of the end of compulsory annuitisation, the introduction of the RDR, the growth in the number of small pension pots and the introduction of auto enrolment will require further policy action in the short term, and certainly before 1 January 2013.
This summit was convened with a view of creating a policy consensus to tackle the challenges ahead. Following the Summit, ILC-UK will publish a report which sets out the recommendations which emerge from the event.
The Retirement Income Summit focused on three specific themes. Senior representatives from Government, industry and consumer organisations debated
Post RDR financial advice may be beyond the means of the average person. How can we fill the advice gap?
People with average sized pension pots are entitled to reasonable outcomes. How can we improve the pensions annuity process for the consumer and industry?
Good regulation protects the consumer but it must not inadvertently damage the potential of products and services to increase pensioner income? How can we ensure that the length and complexity of communications required by legislation does not damage communications?
The Financial Services Consumer Panel, (FSCP) recently published a report which argued that the annuity market does not work well for the majority of consumers. The Panel felt that the âcomplex marketâ was âfailing to deliver good outcomes for many consumersâ.
The value of annuities is increasingly being questioned by journalists and opinion formers. Rates are improving but have been relatively low and too few individuals exercise choice or have access to the advice they need. Those in favour of other alternative income options, such as income drawdown, have signalled that it is the end of annuities. Yet, annuities offer significant benefits over other forms of pension income. A guaranteed income for life is considered a better option by some customers.
The debate, sponsored by Legal & General, a leading annuity provider, in conjunction with the International Longevity Centre - UK (ILC-UK) was held in the House of Lords, on Thursday 30 January 2014.
During the event we explored what the industry, government and the regulator needs to do to respond to the FSCP challenges and whether annuities are still fit for purpose. Or does the industry need to innovate in product design and access to flexible solutions that meet future customersâ expectations?
The event, chaired by Baroness Sally Greengross, firstly presented the views of a panel of six leading representatives from across the industry who have an interest in the at retirement market outlining whether they believe that annuities are still fit for purposes and if not, what other options they believe should be considered.
The panel included Sue Lewis, Chair of the Financial Services Consumer Panel; Dan Hyde, Personal Finance Editor of the Daily Telegraph; Tom McPhail, Head of Research at Hargreaves Lansdown and Chair of Pension Income Choice Association (PICA); Ros Altmann, Economist and former Downing Street adviser; Jane Vass, Head of Public Policy at Age UK and Tim Gosden, Head of Strategy for Legal & Generalâs individual annuity business.
Following the panel presentation the debate was then opened to the invited audience which included parliamentarians and senior representatives from across the industry. Senior representatives of charities, think tanks, government departments, regulators and selected media contacts who regularly write on this subject, were also invited.
Introduccion a las novedades de Team Foundation Service, basada en las presentaciones del TechEd North America 2012 http://channel9.msdn.com/Events/TechEd/NorthAmerica/2012
Making your money last in retirement - Aviva's longevity reportAviva plc
Â
In our making your money last in retirement special report we compare and consider consumer attitudes to the facts about longevity, and make some clear recommendations about how the government and the industry must respond.
Making your money last in retirement - Aviva's longevity reportAviva plc
Â
In our making your money last in retirement special report we compare and consider consumer attitudes to the facts about longevity, and make some clear recommendations about how the government and the industry must respond.
"If only I had"... LV= insights into retirement planning webinarILC- UK
Â
As part of this debate LV= shares the findings from their quarterly Wealth and Wellbeing research programme, which surveys a nationally representative sample of 4,000 adults across the UK on a variety of topics, including their changing attitude to their finances and their wider wellbeing.
Retiree Research: The Current State of Retirement (April 2016)Aegon
Â
This report, based on TCRSâ first-ever survey of retirees, provides in-depth perspectives on retirees including attitudes about life in retirement, time commitments, living arrangements, and personal finances. The Compendium offers more than 50 indicators of retireesâ health and wealth by age range.
Key highlights include:
Just getting by and/or covering basic living expenses is retireesâ most frequently cited financial priority.
Social Security is the cornerstone of retirement income.
Retireesâ confidence about maintaining their lifestyle exceeds the size of their retirement nest eggs.
Most retirees are happy and enjoying life.
TCRS is a division of Transamerica InstituteÂź (The Institute), a nonprofit, private foundation. TCRS is dedicated to educating the public on emerging trends surrounding retirement security in the United States.
Happily ever after... or until we run out of money. Effects of longevity on f...GRAPE
Â
Many people think that they are cautious and taking proper care of their future. They make precautionary savings and employ various strategies to try to make sure they are not out of money if they cannot work because of illness, or when they retire. Choices differ between people, depending on their financial situation, degree of optimism and attitude towards risk, but many are not saving enough for their old age.
The report discusses empirical evidence related to financial instruments which address the problems raised by longevity. We show how they could be expanded to encompass a large share of populations across Europe, as we age.
Nearly 80 percent of the deposits in local savings banks are owned by those over age 55.
By partnering with experienced eldercare professionals, a bank can build closer relationships with these maturing multi-generational families (aging baby boomers and seniors).
Banks who pay attention to these critical customer segments will not only preserve their customer base but will see a substantial increase in attractive new depositors resulting in improved profitability.
Actuary Steve Vernon, retirement expert, Fellow of the Society of Actuaries and president of Rest-of-Life Communications, provides his recommendations regarding the current state of retirement and what individuals, employers and plan sponsors should do to prepare for retirement. For more information, visit www.restoflife.com
FREE Auto Enrolment & HR seminar 25th Feb (Maidstone)coussey
Â
AUTO ENROLMENT UPDATE Every company must automatically enrol certain members of their workforce into a pension scheme and make a contribution towards it.
MPs grant MAS 'stay of execution' but say service is 'not fit for purpose' http://www.fundweb.co.uk/2003860.article?cmpid=fwnews_59206
In other news: In order to improve public understanding of public finance The Open University Business School, in co-operation with True Potential, is producing three interactive, freely accessible, self-teaching modules. These modules will help you develop financial management skills and gain an understanding of the financial services industry, the first of which will be available in Spring 2014. http://www.open.ac.uk/business-school-research/pufin/course-modules
True potential Art of Investing as found on the OU website http://www.open.ac.uk/business-school-research/pufin/course-modules
Private 3rd Party Pensions Sponsorship - A Chance fpor better social stewardship. Explores the definded aspiration of people and impact investing by pension funds. Published by the Pensions Management Institute September 2012
Our response to the growing savings gap and why 3PPS is the only plausible solution that could help. View the presentation circulated at the CSFI round table event discussing the Savings Gap.
Introduction to Indian Financial System ()Avanish Goel
Â
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Â
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
Â
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in all Africa Countries.DOT TECH
Â
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Â
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Â
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Â
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Â
Pi coins is not launched yet in any exchange đ± this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAYÂ you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers â„ïž
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Â
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can i use my minded pi coins I need some funds.DOT TECH
Â
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. đ I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Â
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the worldâs largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. Foreword Introduction
HSBCâsThe Future of Retirement programme is
a world-leading independent study into global
retirement trends. It provides authoritative insights
into the key issues associated with ageing populations
and increasing life expectancy around the world.
The 2011 global report, The power of planning, is the
sixth in the series and is based on interviews with
more than 17,000 respondents in 17 countries in
December 2010.
This country report, based on the views of 1,042 UK
respondents, explores how households in the UK
are likely to respond to the rapidly changing shape of
retirement over the coming decades. All data used in
this country report relates to the UK unless otherwise
indicated. For further global and regional comparisons,
please refer to the global report.
Welcome to the sixth Future of
Retirement report, researched
exclusively for HSBC.
A lifetime of working is likely
to create a strong appreciation
of the value of time and how
important it is to make the most
of every moment. For many
people retirement is something
to look forward to, which they plan in anticipation of
having time to do things theyâve dreamed of.
At HSBC, we help people to plan financially for their
future, both to realise their dreams and to help
them protect against the bad times which
sometimes threaten.
We believe itâs important to ask our customers what
matters to them and how they feel about the future.
This is why we invest inThe Future of Retirement,
across 17 countries and 17,000 people.The survey
findings are the real reflections of people in the UK
and across the world.
This report lets you see for yourself what others
think and feel about their retirement. I hope it will
also encourage some readers to take more control
of their own financial future.The ability to shape your
retirement is in your own hands with the power
of planning.
DavidWells
Head of Investments, Savings
and Insurance
HSBC Bank
The Future of Retirement2 3
ââ 56% of Britons see retirement as an age of freedom. Married couples are the most confident
about this
ââ UK respondents are concerned about occupational pensions: 57% of those who expect to be
worse off than their parents in retirement gave the reason that company pension schemes would
be less generous
ââ Only 42% had heard of the new National Employment SavingsTrust (NEST) which will be intro-
duced from 2012
ââ Men and women of all ages associate retirement with freedom, but women are on average 18%
more likely to associate it with financial hardship
ââ Only 40% of households have planned financially for their future
ââ Nearly one in five people do not know what their main source of retirement income will be
ââ Those who have plans for their futures are not only better prepared financially for retirement but
also feel more positive about their futures
ââ UK respondents are less likely than their global peers to have a financial plan, but they are more
likely to have taken professional financial advice
ââ Those who have financial plans and have taken professional advice are the best prepared of all
for the future, with 250% of the UK average level of retirement savings and investments
ââ Independent financial advisers are the most popular source of professional advice in the UK with
59% of advice-seekers consulting one; banks were the second-largest
ââ Respondents are more active online researchers than the worldwide average, with 45% in the
UK using this advice source
ââ For individuals who want to take action now to improve their financial well-being later in life,
there is a simple 5-step checklist based on the research
Key findings
3. The Future of Retirement4 5
Retirement landscape
The retirement landscape for the âbaby-boomerâ
generation, which is now entering retirement, will be
quite different to the one that their parents enjoyed
in the past and their grandchildren will experience in
the future.The United Nations Population Division
reports that in the past 30 years, the process has been
relatively stable with the percentage of the population
aged 65 and over increasing just slightly from 14.9% in
1980 to 16.6 per cent in 2010. However, this is set to
change: by 2050, 22.9% of the population is projected
to be aged 65 and over. This represents a squeeze
on those of working age, and on the state, to have
to provide retirement income and healthcare for the
ageing population. Adequate planning and preparation
for retirement will become more important than ever
as dependence on retirement savings grows.
0
20
40
60
80
100
%
Figure 1:
Aged 0-14 Aged 15-64 Aged 65+
1980 2010 2050
21
64
15
17
66
17
16
61
23
Figure 2:
An opportunity for a whole new chapter in life
A continuation of my current lifestyle
An opportunity to be a more ïŹexible in how I work
A time for rest and relaxation
The beginning of the end
48%
10%
23%
11%
9%
Figure 3:
Having a strong religious faith
Having work you enjoy
Having ambitions and dreams
Continally trying new things
Avoiding stress
Good ïŹnancial planning
Staying young at heart
Keeping ïŹt
Loving family and friends
Not having to worry about money
Keep your mind sharp
56
73
51
43
64
63
70
29
65
37
12
0% 10 20 30 40 50 60 70 80
Aged 0-14 Aged 15-64 Aged 65+
1980 2010 2050
21
64
15
17
66
17
16
61
23
Figure 1: The baby-boomers enter retirement
Source: United Nations Population Division, World Population Prospects,The 2008 Division
Figure 2: How people perceive retirement
Figure 3: What is extremely important to a happy retirement
The changing shape of retirement
Faced with the universal challenge of funding an
ageing society, Britons remain upbeat in their
perception of retirement.
Nearly half (48%) see retirement as a new chapter in
life, and 56% associate retirement with freedom.
When considering what constitutes a happy
retirement, 70% said not having to worry about
money and 56% see good financial planning as
extremely important.
38% associate retirement with financial hardship, but
this peaks with women (49%), singles (40%) and the
cohabiting (49%).
Married Britons appear more secure, with only a third
(34%) thinking old age will bring financial hardship and
42% seeing it as a time of happiness.
With 29% believing that having work you enjoy is
extremely important in a happy retirement, it seems
that UK respondents are adapting to the new reality of
longer, less secure retirements in their willingness to
consider flexible work.The UK has actively sought to
encourage longer working lives through increasing the
State Pension Age (SPA) from 65 today to 68 by 2043.
4. Nearly one-quarter of Britons expect to be much worse
off than their parents in retirement.This rises to nearly
one-third of those without a financial plan. Nearly 58%
said that this was because the state pension was
as not generous as it used to be, while 63% were
concerned that their generation had not saved enough
for retirement.
A high number (57%) are concerned that company
pensions are not as generous as they once were.This
is certainly true, given that final salary schemes, which
were common 30 years ago are now largely extinct.
The retirees of tomorrow face a more uncertain future;
as a result there is a sense that a golden age has
passed and that the future will hold greater challenges.
The Future of Retirement6 7
Figure 4:
-60
-50
-40
-30
-20
-10
0%
BetteroffWorseoff
10
20
30
40
50
60
70
80
France
US
UK
Poland
Canada
Taiwan
Argentina
SaudiArabia
Singapore
Mexico
SouthKorea
HongKong
Brazil
UAE
Malaysia
China
India
-56
-37
-22 -20 -20
-4
11
16 17
23
29 31 33 34
42
62
69
Global average (11)
0
%
10
20
30
40
50
60
57
31
58
49
Figure 6:
Freedom Financial hardship
Male Female
People are living longer and need more savings
State pensions are not as
generous as they used to be
Company pensions are no longer
as generous as they used to be
My generation is not saving enough
Jobs and careers are less secure
Low interest rates will mean lower
returns on retirement savings
The global ïŹnancial crisis has reduced
the value of my investments and savings
Higher taxis will reduce
the value of my retirement plans
My generation has borrowed too much
63
58
57
51
49
48
46
44
42
Figure 5:
0% 10 20 30 40 50 60 70
Figure 4: Better or worse off than your parentsâ generation in retirement?
(net score)
Figure 6: Women associate retirement with financial hardship more than men
Figure 5: Why will you be worse off in retirement than your parentsâ generation?
The shape of retirement is changing rapidly in the UK,
as the population ages and the previously generous
state and company benefit schemes become leaner.
The financial crisis has exacerbated the ageing
issue, increasing public debt and large government
deficits leading to cuts in public services. Women
are decidedly less upbeat than men about their
fiscal futures, they are 18% more likely to associate
retirement with financial hardship.
5. Shortfalls in retirement preparedness
Our findings reveal a âpreparedness gapâ amongst
respondents. 93% of those we surveyed claimed
having enough money to live on in retirement as
important, but only 60% said they felt adequately
financially prepared.The preparedness gap in the UK is
further emphasised by how worried people are about
being able to cope financially in retirement: 62% said
they were either slightly or very worried.
The biggest reason why people are concerned about
coping financially in retirement is because they donât
think they will get enough from the state pension.
Those admitting that they hadnât saved enough
constitute 48% of respondents, and concern is
greatest among women in their 30s and 40s, at 57%,
suggesting that younger generations may be coming
to accept the shift in responsibility from state to the
individual.
Unforeseen events are also unnerving respondents,
yet only one-fifth of Britons (21%) feel that their family
is very prepared if something should happen to them,
suggesting a lack of asset protection and life insurance.
Debt is an issue for many in the UK too, and high
levels of household debt and the high cost of servicing
repayments are a barrier to higher savings both for the
long and short-term.
Clearly, there is a need to change current patterns
of household behaviour to ensure a comfortable
retirement.The new National Employment Savings
Trust (NEST) may help to achieve this, but 57%
are not aware of its existence, despite its planned
introduction in October 2012. Whatever impact the
scheme has on UK households, millions of people
could benefit further from having a financial plan and
seeking professional advice.
A worrying finding is that 17% of respondents do
not know what their main source of income will be in
retirement. Furthermore, 21% of respondents believe
that their biggest source of income will be the state
pension.The 9% who will be relying on personal
pensions is a small minority in comparison, and
these figures need to change if the UK is to be truly
prepared for the future of retirement.
igure 7:
Slightly worried
Very worried
Not worried
Not thought about it
Do not intend to retire
20%
42%
7%
1%
30%
48
59
36
41
30
26
14 14
19
Figure 8:
0
%
10
20
30
40
50
60
I havenât
saved
enough
I donât think
Iâll get
enough from
the state
pension (e.g.
social
security)
I wonât get
enough from
my work
pension
scheme
Iâm afraid
of
unforeseen
events
depleting
my savings
Iâm worried
about the
cost of
ill-health
Iâm worried
that my
investments
wonât per-
form well
enough
I'll need to
support my
children or
grandchil-
dren
through
education
Iâm
concerned
about the
cost of
looking after
my parents
in their old
age
I have too
much
outstanding
debt
Figure 7: Levels of concern about coping financially in retirement
Figure 8: Why people worry about coping financially in retirement
The Future of Retirement8
State pension (e.g. social security)
Donât know
DeïŹned contribution pension scheme arranged...
DeïŹned beneïŹt pension scheme arranged...
Individual personal pension scheme
Other savings and investments
An inheritance
Wages or salary from paid employment
Rental income
Socks and/or shares investments
Selling your primary residental propety
Selling assets tied up in investment propety
Support from children/descendents
Selling assets tied up in business
21
17
10
10
9
7
6
5
4
4
4
2
1
1
Figure 9:
0% 5 10 15 20 25
Figure 9: Over-reliance on declining state and company pensions
9
6. The Future of Retirement10 11
The power of planning
Table 1:The four consumer types
Global
(% of
global
respond-
ents)
UK
(% of UK
respond-
ents)
Consumer types
38% 36%
Non-planners: disengaged. These people are doing nothing by way of financial plan-
ning or financial advice. There is a complex mix of reasons why they do not make a
plan; many believe they lack the necessary household income.
12% 25%
Non-planners: advice-seekers. These people do not have a financial plan, though they
do at least take professional financial advice from time to time. They are likely to seek
advice around one particular need, rather than take holistic advice.
22% 13%
Planners: active self-guided. These people have a financial plan in place but do not
seek professional expertise to help them make sense of their finances. They are likely
to be younger, mid-to-high income and internet savvy.
28% 26%
Planners: advice-seekers. These people have a financial plan in place and also take
professional financial advice to help manage their finances. In many respects they are
very well prepared for retirement. They are more likely to be older and wealthier.
As we have seen, a greater onus will be put on
individuals to prepare for their own later lives. Currently,
financial planning behaviour in the UK falls short of the
global averages, with only 39% of UK respondents
having financial plans in place, compared to 50% on
average world-wide. However UK respondents are
more likely to opt for professional financial advice
instead, with Britons twice as likely as the global
average to take financial advice without a plan.This
finding suggests a tendency for the British to shift
responsibility for their financial concerns about the
future to professionals.
The group who most embraced financial planning are
young men (aged 30-39), 46% of whom did so.This
suggests, amongst men at least, a generational shift
in attitudes towards planning, as younger people see
that they are facing a long retirement with less state or
company pension provision than their parents.
Figure 10:
0
%
10
20
30
40
50
% Planners
40
46
34
38 39
37 37
40
All
Males
All
Females
Male
30-39
Male
40-49
Male
50-59
Female
30-39
Female
40-49
Female
50-59
Figure 10: Younger men more likely to have a financial plan
The planning premium
Our findings reveal that those with a financial plan for
the future enjoy several benefits over those who do
not â the âplanning premiumâ - and that these benefits
are both âhardâ and âsoftâ, including not only greater
and more diverse retirement savings, but also a more
positive outlook and fewer worries about later life.
Respondents who undertook financial planning were
more likely than non-planners to associate retirement
with positive ideas such as freedom and less likely
to associate it with negative ones such as financial
hardship. Although it is difficult to separate cause
and effect, these findings hold true across all age
and income ranges. Whilst these benefits may seem
obvious, the extent to which they are present in our
findings indicates a significant âsoftâ benefit of planning
for the future today; those with a plan have fewer
sources of worry and stress.
When we look at the retirement savings and
investment levels of our respondents, we see that
those with financial plans have over four times (433%)
as much as non-planners.This shows that there
is a strong planning premium in the UK in hard
financial terms.
Figure 11:
0
%
10
20
30
40
50
60
70
80
70
50 49
28
49
27
47
23
32
20
31
16
28
13
16
5
15
22
1514
12
20
15
23
18
30
18
35
23
48
Freedom
Happiness
Opportunity
Satisfaction
Wisdom
Excitement
Hope
Wealth
Loneliness
Discrimination
Fear
Lossofmemory
Boredom
Poorhealth
Financialhardship
Planners Non planners
Figure 11:
0
%
10
20
30
40
50
60
70
80
70
50 49
28
49
27
47
23
32
20
31
16
28
13
16
5
15
22
1514
12
20
15
23
18
30
18
35
23
48
Freedom
Happiness
Opportunity
Satisfaction
Wisdom
Excitement
Hope
Wealth
Loneliness
Discrimination
Fear
Lossofmemory
Boredom
Poorhealth
Financialhardship
Planners Non planners
Figure 11: Retirement associations of planners and non-planners
UK
average
Non-
planners:
disengaged
Non-
planners:
advice
seekers
Planners:
active
self-guided
Planners:
advice-
seekers
All
non-
planners
All
planners
Total retire-
ment savings
and invest-
ments (house-
hold median)
ÂŁ(GBP), to
nearest â000
53,000 14,000 42,000 123,000 132,000 28,000 123,000
% of global
average
100% 26% 79% 232% 249% 53% 232%
Table 2: Planners have more retirement savings and investments
These figures are calculated using median data, which can produce the same results in different categories
7. The Future of Retirement12 13
The advice advantage
Those who have a financial plan in place and sought
professional advice are the best off financially, with
the largest retirement assets of all four consumer
types.This reveals a further benefit for those who
combine financial planning with professional advice â
the âadvice advantageâ. Advice-seeking planners have
nearly two-and-a-half times (249%) more retirement
assets than the UK average. Whilst it is difficult to
separate cause and effect, these findings also hold
true when controlling for age and income.
Those who sought professional financial advice
showed a preference for independent advice channels
with 59% having visited an independent financial
adviser, with banks the second most popular source
of advice. Newer sources of advice such as online
research are used significantly more in the UK than
elsewhere globally.
The benefits of planning, especially when combined
with professional advice, that our research has shown
suggests that whilst the UK faces a challenge over the
coming decades in funding retirement, a wider culture
of financial planning would be beneficial to both
individuals and the economy as a whole.
Britons are on the whole relatively upbeat about
retirement, particularly married couples and those
on higher incomes, whereas women and those
closest to retirement find themselves feeling most
apprehensive.
At the same time there is widespread concern that
they will not be able to afford the sort of retirement
currently being enjoyed by their parentsâ generation.
Such fears have been brought to a head by the impact
of the financial crisis, which is forcing the UK to come
to terms with structural problems in its pensions
system.The government is embarking on reforms that
will raise pension ages more rapidly than previously
planned with the state pension age for men set to
increase from 65 to 66 years as soon as 2016.
Large numbers of Britons are doing nothing about the
shortfalls in provision to come, though the possible
introduction of a universal state pension by the
coalition government should make the state pension
easier to understand.This could make it simpler to
convince UK households to take steps towards saving
for their own retirement.
For individuals and households who want to take
action now to improve their financial well-being in later
life, we have devised a simple 5-step checklist based
on the research:
1. Establish some clear goals,
both short and long term
2. Benchmark yourself
3. Establish a comprehensive financial plan
4. Implement the plan
5. Keep your plan under review
Further details on the 5-step process can be found
at the end ofThe Future of Retirement The power of
planning global report.
Conclusion