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01/11/12
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Money advice in increasing demand, says study
31/10/12
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31/10/12
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30/10/12
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Number of Brits sitting on forgotten direct debits - 2.68 million
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News
06/06/2012 16:10:57
Pensioners missing out on benefits
New figures show that many pensioners are missing out on benefits that could make a huge difference to their retirement incomes.
Just Retirement says that 20 per cent of retirees are failing to claim any benefits, up from 18 per cent two years ago. As a result, on average those pensioners are losing £872 a year.
A further 34 per cent are receiving some, but not all their benefits, up from a quarter in 2010 - resulting in average losses of £676 a year.
Commenting on these findings, Stephen Lowe of Just Retirement urged pensioners to seek the help of a professional financial adviser.
"They know about the state pension, but may imagine that because they own their own homes, often valued at more than the national average, they are not eligible for any further state help," he added.
The LV= State of Retirement Report revealed that 6.25 million Britons aged over-50 are set to rely on the state pension alone in retirement, up from just 1.2 million people who survive solely on the state pension today.
