Automatic enrolment will not diffuse the ‘ticking time bomb’ that is the self-employed pensions crisis, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) has found. The report – titled ‘How to solve the self-employed pensions crisis’ – found that less than a third (31%) of the UK’s 4.8 million self-employed population are paying into a pension, while 67% are concerned about saving for later life.
It can sometimes be easy to miss socio-economic factors which may not have an immediate effect on your business but can have a huge bearing on the future of the mortgage market as a whole. Within the mortgage market we are often consumed with products, pricing, competition, service and tech advances – all of which are massively important in our day-to-day working lives. Although when taking a step back, these would all amount to far less if housing stock was to significantly dwindle. So, let’s spare a moment to consider the housebuilders and developers, and how the current market is affecting them. As, in time, this will have a knock-on effect on us all.
Out of the 32 countries taking part in this year’s World Cup, Australians are the most adequately prepared for retirement. The research ranked the pension systems of the 32 countries against 10 categories, including employee and employer contribution rates, the proportion of over 65s receiving a pension, population growth statistics, and international economic competitiveness. According to the index, Australia has the best system with England coming third behind second-placed Denmark.