View more on these topics

Brits plan for pension before purchasing property

Pensions research released by AXA shows the average British person starts planning for their retirement before taking a first step on the property ladder.

Britons start planning for their retirement at the age of 28, but dont purchase a property until they are 29.

The UKs workers take the lead on retirement planning worldwide with those in Canada and the USA coming second at the age of 30 and those in Australia coming third at 31.

Britons are ahead of those in Europe with French, German and Italian workers also preparing for retirement at 31 and those in Spain waiting until they are 33 before they consider how to fund their pension.

Young Britons are more financially savvy than many would give them credit for, saving 10% of their salary towards their retirement income. However as one third will rely on property to secure a retirement income, concerns are raised about how much thought and advice has been taken when exploring the best way to plan for retirement.

Steve Folkard, head of pensions and savings policy at AXA, says: With the majority of Europeans having less disposable income in comparison to their UK counterparts, it is hardly surprising they favour a common pensions system that could bring their financial situation inline with the more affluent UK.


Pru endowments will pay off

Prudential last week re-vealed that the vast majority of its mortgage endowments are on target to pay off its customers’ home loans in 2007.

IntelliFlo launches IFA client portal

Financial services technology provider IntelliFlo, has launched a of client portal available to all users of Intelligent Office at no extra cost. IntelliFlo is the first software provider in the market to offer the facility of instant round-the-clock access to information to IFAs clients. The new Intelligent Office client portal allows an IFA firms clients […]

Mortgage terms are getting longer

Eight out of 10 lenders now offer mortgage terms of more than 25 years, a survey by reveals.

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


News and expert analysis straight to your inbox

Sign up