Home > News > Debt advice

More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Retirees should consider `a number of options`

22/01/2008

Workers across the UK planning for retirement should look at a number of options to secure their financial futures, according to a major industry body.

To avoid having to look for professional debt advice in later life, stakeholder and personal pensions, along with a range of other potential investments, should be considered by those heading towards retirement, the National Association of Pensions Funds (NAPF) stated.

While many people have a workplace-related pension scheme, such plans are being phased out and future retirees will have to think more carefully when planning their options for later life, Mark Brooks, spokesperson for the NAPF, said.

Mr Brooks added: "The workplace pension is still the main option, especially because of the available tax-relief and also the contributions that employers will make into a workplace pension."

According to research by the NAPF, 2007 saw a move away from investing in equities as further diversification of defined benefit pension assets took place.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according