Debt Fixers is changing!

Please be advised that as of 3rd October all future correspondence from us will be sent from our parent company Money Debt and Credit Ltd.

This in no way effects your debt management scheme with us and you don’t need to do a thing. We simply like to keep you up to date with our ever-growing organisation.

Debt Fixers is a trading name of Money Debt and Credit Ltd; so don’t worry, you are still dealing with the same helpful staff!

If you have questions, don’t hesitate to get in contact on 0800 7076108

Click here to redirect or you will be automatically redirected to the Money Debt and Credit website in 30 seconds

Lower savings among over-50s could increase future debt help needs

Lower savings among over-50s could increase future debt help needs

- Wednesday, 15 July 2009

Up to two million UK citizens over the age of 50 face delayed retirement as a result of the recession's impact on pension plans.

That is according to LV=, which suggests the age bracket is suffering from decreased savings, with one in five reducing their monthly savings by an average of £137 in the past year.

A further 69 per cent of over-50s are more concerned about the financial implications of retirement than a year ago.

Long-term, the reduction in saved funds will impact upon the retirement lifestyle people had originally planned for and could see a rise in the number of people seeking debt help if they fail to adjust.

Mike Rogers, LV= chief executive, said: "Already one in ten of the UK's over-65s are not fully retired, and this figure could rise rapidly unless those nearing retirement take steps to increase their savings.

"It is … worrying that one in five has felt forced to reduce their savings towards retirement at this important time."

Moneysupermarket.com recently found that an extra £7.7 billion could be saved annually if consumers were savvier with their saving options. ADNFCR-2300-ID-19265632-ADNFCR
Latest Debt Management Plan NewsDebt Management Plan News ArchiveContact us to discuss Debt Management PlansEmail this article to a friendSubscribe to our RSS Feed

Recent Debt Management Plan News

56% of Brits have no life insurance which could leave family with debt problems

Wed, 04 May 2011
More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with debt problems when they die...

Brits thinking about retirement advised to seek debt advice

Tue, 03 May 2011
Consumers considering their retirement options have been advised to seek professional advice, as they may end up with debt problems in the future...

Brits planning to attend a wedding should start saving to avoid debt problems

Thu, 28 Apr 2011
Consumers concerned about getting into credit card debt to pay to attend a wedding may want to use their savings instead...

Couples planning their big day can avoid debt problems by negotiating a cheap wedding

Wed, 27 Apr 2011
Couples-to-be worried about needing debt advice in the future after paying for a wedding can ensure they avoid accruing debt problems by negotiating a cheap wedding...