Click here to close now.




















Welcome!

Agile Computing Authors: Sam Ganga, Ian Khan, SmartBear Blog, XebiaLabs Blog, Elizabeth White

Blog Feed Post

Many Misjudge How Much Money They Need for Retirement

Wednesday 25 June, 2014
£15,000pa needed to fund holidays, motoring and hobbies in retirement Three in ten over 40s have no plans in place to fund their retirement Six in ten wish they had started to put money aside for their retirement earlier A study of the over 40s found that two thirds already have some idea of how they would like to spend their retirement years and an income of around £15,000 a year is needed to sustain their planned lifestyle. For a couple, this means nearer £30,000 a year is needed for the ideal retirement. Researchers found that after finishing work, the average Brit intends to go on three holidays a year, one of which is abroad, run a car and also fill their time with a host of new hobbies and activities. But with bills and day-to-day living expenses to cover as well, that means the average pensioner needs to have almost £1,200 coming in each month to have the kind of retirement they are looking forward to. That amounts to a total of £14,185 for every year of their retirement. Clive Bolton, Managing Director of Retirement Solutions Director at Aviva, said: ''For many, their retirement is a time they are looking forward to, whether it's to get away from the pressures of work or simply having more time on their hands. ''Most people, even those who still have a few years to go until they retire, have got some idea of how they would like to spend their retirement. ''But whether those plans are travelling the world, starting a new hobby or simply visiting friends and family more often, it all costs money. “It's all very well to have an idea of what you want to do after you finish working, but many people underestimate how much money they will need. Your state pension is unlikely to cover everything you want to do during your retirement, so it's important to have some kind of financial plan in place to provide additional funds. ''The change to pensions and annuities announced in this year's budget now mean you can spend your pension pot how you want, but given we're all living longer too, it's still important to make sure you have enough put by to cover your annual costs for the long term.'' Holidays form a big part of those plans with over 40s planning at least one trip abroad each year, costing around £950 a time. As well as jetting abroad, they also intend to go on two breaks within the UK during that time with each trip setting them back an average of £317 – or £634 in total. A further three weekend trips or mini-breaks each account for another £177 or £532 a year. Filling their new-found spare time with hobbies and activities, such as starting a new class or club, playing golf or joining a gym will need an average of £176 a month. That's a total of £2,114 over a year. Visiting family and treating children and grandchildren with presents or days out will also require just under £100 per month, or £1,156 each year. Of top of that, pensioners will need just over £537 a month - £6,447 a year - to cover essentials like bills, utilities and food. Running a car will also see £170 spent each month or £2,044 over 12 months, while private health care or insurance will account for more than £25 a month or £308 a year. But researchers found that around three in ten over 40s have no plans in place to fund their retirement. And even of those that have a financial plan, 64 per cent admit it's probably not going to be enough to do everything they want to do. More than three quarters of over 40s even said they are worried about being able to afford all they have already planned during their retirement. And another 64 per cent are concerned about simply paying for day-to-day living costs. It also emerged that more than six in ten wish they had started to put money aside for their retirement earlier. But more than half don't really have any idea what sort of sum they need to save in order to be able to achieve the kind of retirement fund they are hoping for. Clive Bolton from Aviva continues: 'It's quite conceivable that people could live for 30 years in retirement, so it's important that they have funds available to support them, especially if they want to have an active and full lifestyle. It's good to see that over two thirds of those surveyed have plans in place to fund their retirement, albeit some are concerned that it's probably not going to be enough. Others don't have any idea of how much they need to save in order to have enough in retirement. “Aviva's new retirement planning tool can help people assess the estimated future value of their personal pension plans and how much income they might provide them with in retirement. It can also give them an indication of how much more they can accumulate if they change the amount they save each month.” See: http://www.aviva.co.uk/pensions-and-retirement/retirement-centre/retirem... Top twenty hobbies and activities to do in retirement Cooking/baking Take up a new class Photography Research your family tree Go to the gym Book club Go to antiques/vintage fairs Knitting Golf Yoga Writing Fishing Learn a musical instrument Dance classes Art class Go back to college Join a sports club Fix/build cars Skiing Poker/bridge club - Ends - If you are a journalist and would like further information, please contact: Fiona Whytock Aviva Press Office T: 01904 452659 / 07800 692299 E: [email protected] Notes to Editors: Aviva provides 31 million customers with insurance, savings and investment products. We are one of the UK's leading insurers and one of Europe's leading providers of life and general insurance. We combine strong life insurance, general insurance and asset management businesses under one powerful brand. We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work. The Aviva media centre at www.aviva.com/media/ includes images, company and product information and a news release archive For an interactive introduction to what we do and how we do it, please click here http://www.aviva.com/library/reports/this-is-aviva/ For broadcast-standard video, please visit http://www.aviva.com/media/video/ Follow us on twitter: www.twitter.com/avivaplc/


Distributed by http://www.pressat.co.uk/

Read the original blog entry...

@ThingsExpo Stories
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.