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Eight ways to save money in 2011

How to save money in 2011

Kevin Mountford, head of banking at Moneysupermarket.com takes a look at eight ways to save money in 2011.

The average retirement income has fallen while the gap between men and women's pensions has grown, Prudential said.

Retirement income 'drops by 7% in 2010'

Average income from pension savings fell to £16,509 this year, a drop of seven per cent.

Haivng enough money to fund retirement was the biggest concern for those surveyed.

Finances 'are biggest retirement worry'

Sainsbury's Finance has launched a new 12-month variable cash ISA paying 2.6 per cent AER.

People need greater flexibility in their pension options, Dr Altmann said.

Impending pension closures 'underline need for savings flexibility'

A recent report indicating that 94% of employers are planning to reduce or scrap their defined benefit pension provision has underlined the need for greater flexibility in long-term savings, according to a former Downing Street adviser.

Over three-quarters of Britons now think it is too risky to rely solely on property to provide income in later life.

Savers urged to use `cross-section` of assets

Savers looking to build up a nest egg for their later years should use a "cross-section" of assets to maximise their potential returns, according to one expert.

The study calls for ISAs and pensions to be brought closer together.

Thinktank calls for savings overhaul

Tax-incentivised savings products like ISAs should more closely linked with pension funds to encourage people to put money aside for their long-term future, a new report has argued.

21 per cent of Britons will have to work longer than they had planned because of the recession.

Recession "dents" Britons' retirement plans

The economic events of the past 12 months have put a serious "dent" in the retirement plans of many Britons, with more than one in five now expecting to have to work for longer.

The election has put pensions on many Britons' minds, Unbiased.co.uk has said.

Election makes retirement planning key issue, survey finds

Planning for retirement has become the top issue driving consumers towards seeking the guidance of an independent financial adviser (IFA), a new survey has found.

The number of people thinking about saving in a pension has risen by 12 per cent in the past year.

Poll: 32% thinking about pension saving

The number of people thinking about saving for their retirement has shown a "significant rise" over the past 12 months, according to a new poll from Legal & General.

Financial security is seen as the key to happiness in retirment, according to the poll.

Britons rank wealth above health for retirement happiness

Having financial security has been named the most important factor for a happy retirement in a new poll of British employees.

Care costs to weigh heavy on Britain

One in four believe state will pay for old age care

A quarter of people mistakenly believe the state will cover their long-term care costs.

If this is the extent of your pension planning, join our webchat

Pension saving in a recession webchat

The recession has made everyone think a little harder about their financial security and if you have a pension - or are thinking of starting one - a little free advice to get the most out of it can never be a bad thing.

Take inflation into account when you are working out your pension pot

Inflation could slash pensioner incomes

High inflation could potentially reduce pensioner incomes to near nothing, echoing devastating consequences that occurred in past recessions, according to research.

Pension storm awaits

UK faces 'pension perfect storm' - Video

The UK is sailing into a pensions "perfect storm", as the recession leads people to ignore long-term savings.

Pension savings left on ice in credit crunch

Pension contributions chopped as recession hits budgets

Eighteen per cent of UK workers have cut back on their pension saving because of the credit crunch.

Pensions: Young Brits running out of time to save

30-somethings face tough future

Many of today's 30-somethings will have to work into their 70s or start earning six-figure salaries to afford retirement.

British families don't discuss their future financial planning

Britons fear financing savings-poor parents and children

A generation of Britons are facing the financial 'hat trick' of funding their retirement as well as supporting both their parents and their own children, according to the latest study from Norwich Union.

1980s Wall Street: 2000s Hard times

1980s Yuppies struggling in the noughties

Forty-five per cent of 1980s young professionals are now struggling or failing to live within their means as the Yuppy good times fade into middle-age.

More than a million retired Britons are in debt

Grandparents in £57bn of debt

More than a million retired Britons are in debt, with many still owing more than £50,000 even after they have finished work.

Many Brits in their 40s and 50s have no pension plans in place

Older Brits run out of time for pensions

Large numbers of Britons in their 40s and 50s have no pension plans in place, despite having little time left to save.

Pensioners missing out on £119.05 a week by not using pensions credit

Pensioners missing out on £119.05 a week

Any pensioner not receiving at least £119.05 a week is missing out on free money from the government.

Most people approaching retirement are not taking steps to protect themselves from inflation

Inflation could wreck retirements

The majority of people approaching retirement are taking no steps to protect themselves from inflation.

Baby boomers are better off than any other British age group

Over 55s are richest Brits

Baby boomers are better off than any other British age group new figures show.

Brits are banking on inheritance to bail them out financially

Inheritance will save us

Britons in their 20s are banking on inheritance to bail them out financially, rather than plan for their future.

Brits would rather invest in homes than pension funds

Brits pick property over pensions

Britons are losing faith in pension funds, preferring to invest in property, research shows.

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