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Making ends meet may tempt some pensioners to crime according to prudential retirement index

MAKING ENDS MEET MAY TEMPT SOME PENSIONERS TO CRIME ACCORDING TO PRUDENTIAL RETIREMENT INDEX · 31% of the nation's retired survive on less than £10,000 a year; · Up to 107,0001 retired people turn to crime or consider doing so; · Up to 200,0002 retired people have moved in with their children or friends to make ends meet; · Worrying cut backs on heating costs could put older people at risk. The launch of Prudential's Retirement Index, a new quarterly report researching income and lifestyles of people in retirement, has revealed that 31% of retired individuals survive on under £10,000 a year.

RESEARCH SUGGESTS WILLINGNESS TO TAKE ADVANTAGE OF £38 BILLION TAX RELIEF PERSON

RESEARCH SUGGESTS WILLINGNESS TO TAKE ADVANTAGE OF £38 BILLION TAX RELIEF PERSONAL PENSION POT Research from Prudential reveals that 18% of IFAs have seen an increase in clients wanting to take advantage of 'carry forward' personal pension contributions before the rules are phased out on 31 January 2002. In addition, 11% of intermediaries claim that their carry forward business has increased by over 20% compared with this time 12 months ago. Prudential is urging people with personal pensions to take advantage of a £38 billion1 plus tax benefit called 'carry forward' before it disappears on

£38 billion tax relief pot available to personal pension customers

£38 BILLION TAX RELIEF POT AVAILABLE TO PERSONAL PENSION CUSTOMERS Prudential is urging people with personal pensions to take advantage of a £38 billion1 plus tax benefit called 'carry forward' before it disappears on 31 January 2001. In doing so, Prudential calculates a 40 year-old man with a personal pension could receive up to £4,0882 in unused tax relief. Consumers with personal pensions may be able to make extra contributions to their funds under the 'carry forward, carry back' system which allows you to put more than your annual limit into your pension by capitalising on past unused

How to avoid a pension pot shock

HOW TO AVOID A PENSION POT SHOCK CLICK ON TO THE UK'S FIRST ON-LINE ANNUITY CALCULATOR Prudential, the UK's largest provider of annuities, is helping the growing number of 'silver surfers' make the most out of their pension pot by launching the UK's first on-line annuity calculator. At the press of a button the online calculator, reached via www.pru.co.uk/annuities, illustrates the level of income different types of annuity can provide, information on how annuities work and where to go for further help. "People are giving up work earlier and living longer. So instead of providing for 10 or

Rise in older parents puts pressure on family purse strings

RISE IN OLDER PARENTS PUTS PRESSURE ON FAMILY PURSE STRINGS The prospect of financial hardship looms large for people who start families later on in life. A growing number of people aged 40 and over are having babies and unless they start planning to finance their children's education now, Prudential is warning that they could end up with an expensive bill in their retirement and many will be officially classed as living in poverty. Whilst Madonna, Iman Bowie and Michael Douglas are all examples of parents who may be in possession of a bus pass by the time their recently born children are

New Prudential research on stakeholder pensions

NEW PRUDENTIAL RESEARCH ON STAKEHOLDER PENSIONS With the deadline for the introduction of stakeholder pensions fast approaching - new Prudential research reveals the message is getting through to young people loud and clear. * Nearly half (49%) of young workers aged between 16-24 years old are willing to contribute to a stakeholder pension. Even those approaching retirement may be questioning the suitability of their current pension scheme. * 15% of over 55's intend to take out a stakeholder, even though 98% of those questioned already have pension provisions. Andy Briggs, Director of

Prudential wins NHS stakeholder and AVC Business

PRUDENTIAL WINS NHS STAKEHOLDER AND AVC BUSINESS The NHS of England, Scotland, Northern Ireland and Wales has chosen Prudential to provide both AVC (additional voluntary contribution) and stakeholder schemes to its one million staff - making this one of the largest defined contributions schemes in the UK. The TUC stakeholder pension, administered by Prudential, will be available to all NHS staff, along with the Prudential AVC scheme. Nigel Emery, head of Pensions at Prudential said: " This is a strong endorsement of our proposition in the pensions market and it underlines our domination of

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