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Planning Retirement Online


In the press          

                            May 2009

In the press

Here in the editorial content offices of Laterlife, every week we receive a lot of press releases on a wide variety of subjects and products

In this new section each month we select some of the more interesting ones.

This month we are featuring:


FORCED RETIREMENT

Age Concern and Help the Aged are fighting to scrap forced retirement.

Thousands of older workers who do not want to be forced out of work at the age of 65 have been dealt a bitter blow by a recent judgment in the European Court of Justice. European judges have confirmed that Britain’s national default retirement age falls within the scope of EU law.

Only six months ago the Government scrapped mandatory retirement ages for civil servants but failed to change the law to benefit all UK employees. Ministers face accusations of double standards from the 1.3 million people who are already working past state pension age, many of whom cannot afford to retire.

Older workers could find themselves jobless at the age of 65 as the European Court of Justice’s ruling makes it easier to justify discrimination on the grounds of age.

(Issued jointly by Age Concern and Help the Aged)


STAND UP TO THE PROBLEM

A leading back pain expert warns Britons to reduce the amount of time spent sitting down to prevent back pain problems.

The warning comes in the wake of research that showed 32% of the adult UK population now spend more than 10 hours a day seated. Working in front of computers, driving vehicles and watching more TV are all contributory factors.

Almost half the UK adult population (49%) reported low back pain - lasting for at least 24 hours - at some time during the year.

Issued from ThermaCare who make special body heat wraps


ALL CHANGE! – A NEW BOOK FOR RAILWAY NOSTALGIA BUFFS

ALL CHANGE!  A NEW BOOK FOR RAILWAY NOSTALGIA BUFFSFor many people railways have an endless fascination and instill nostalgia for a gentler age. The latest book from AA Publishing captures the romance of Britain’s branch-line railway routes, along with the miniature and model trains they inspired.

From Cornwall to the north of Scotland, ribbons of steel reached once-inaccessible places, carrying the nation’s people and products. However, few survived the railway closures of the 1960s and 1970s and many are now fading memories. Lifelong railway enthusiast and Antiques Roadshow expert, Paul Atterbury, brings his successful best-selling formula to All Change!, a look at these all but forgotten parts of the British rail network.

Crammed with historic interest and a wealth of many previously unpublished photographs and reproductions of postcards, tickets and notices, All Change! takes the reader down branch and mineral lines, industrial networks, narrow-gauge and miniature pleasure railways. The book even traces some of Britain’s more bizarre services, such as the narrow-gauge automatic Post Office line that ran beneath streets of London until 2003.

Trains play a part in most childhoods and All Change! includes a history of toy trains, from the earliest of the mid-19th Century up to the emergence of memorable brands such as Hornby.

(Issued by AA Publishing)


SILVER SPENDERS

Research has revealed the rise of the “silver spender” – mature people who would rather spend their money than pass it on. The research showed:

• Financial and physical independence is a key issue for UK’s older generations
• Less than 20% of pensioners feel duty-bound to support their kids
• 70% of pensioners estimate their estate at more than £150,000
• 25% don’t have a will

The independent research was commissioned by Audley Group, a leading operator of retirement villages. It showed that 80 per cent of over 65s aren’t looking to their children to support them and 15% believe that with the money they have, if they earned it, they should spend it!

For the UK’s 11 million pensioners, the biggest fear is of illness affecting their independence and enjoyment of life (60%); second comes the threat of ending up in an ‘old folks home’. This group is prioritising their own quality of life over the pressure to leave money to their children in their wills.

A mere 16% of those over 45 think a parent’s role is to provide financially for their children.

Nick Sanderson, CEO of Audley Group, says: “Financing a comfortable old age is an increasing challenge for the UK’s retired community, particularly in the light of the current financial climate. This age group needs to ensure they strike a balance between enjoying life to the full whilst exercising financial prudence to ensure peace of mind for an extended retirement. Currently, life expectancy for women is topping 81 years and over 76 for men.”

(Issued by the Audley Retirement Group)



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