Legal news

More people struggling to fund retirement

Jonathan Winston Jonathan Winston
1 min read

A new survey suggests that a large number of people heading towards retirement are struggling to fund the lifestyle they want when they give up work.

The survey, from insurer Aviva, showed that over half of those earning between £20,000 and £30,000 a year have saved less than £30,000 towards their pension. That would mean an income of just £165 a month if the money was used to buy an annuity. However of those who had saved less than £30,000, 23% still expected to have a comfortable retirement.

Clive Bolton, a retirement director at Aviva, said: “Babyboomers have enjoyed certain benefits such as rising house prices and final salary pension schemes, but unfortunately many still struggle to fund the retirement lifestyle they desire. In the run-up to retirement, people should think about how they want to spend their days, and in reality, how much this will cost.”

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We recently used Winston Solicitors for conveyancing on both the sale of our previous home and the purchase of our new one. Michelle Ayres was exceptional throughout. She was accessible, proactive, and it genuinely felt like she was on our side and working in our best interests.There were a few challenges in the chain, but Michelle was always willing to take the time to explain the situation, outline our options, and keep everything moving. As our process stretched over 6 months, there were times when Michelle was out of the office, but Olivia Cooke and Samantha Robertson-Strong seamlessly picked things up and ensured nothing ever slipped.It was an outstanding experience that made a difficult and often stressful process far more manageable. We would highly recommend Winston Solicitors and especially Michelle to anyone, and we will certainly look to use their services again in future (although we plan to enjoy our new home and give ourselves a well earned break for now!).
Glenn
The service I recieved regarding wills and powers of attourney, were handled in a very professional and sympathetic manner. Thanks must go to Monika for leading me through the" legal minefield" involved. My late wife and I originally used Winstons years ago for all our legal dealings at the time and we could honestly say we could not have chosen better.
David
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Tracy M, West Yorkshire
Samantha was excellent at helping us secure our house. She was extremely responsive, organised and thorough in her work.I would recommend her and Winston solicitors to anyone.
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Alexandra
Amr and Joe recently acted for me on the sale and purchase of properties. They were both very professional, responsive and promptly dealt with any enquiries. My experience with Winstons was really positive having used other firms for previous transactions. I would definitely recommend to family and friends!
Ruth
I purchased my first house through Winston Solicitors. The experience I had from start to finish was amazing. I will definitely recommend Winston Solicitors to my family and friends and will be using them again in the future.
Aruna
Samantha Robertson-Strong has dealt with the conveyancing for the sale of my property and purchase of a new home. Throughout the process of selling Samantha dealt with queries from the buyers promptly and professionally. This included one particular hiccup, that threatened to delay and complicate matters, by simply advising on a point of law that the buyer’s solicitor was seemingly not aware of.The purchase of our new home was dealt with in a similar manner, no stone left unturned, fast paced and with regular up dates on which stage we had reached. We felt well informed and in good hands throughout the process.Fast to respond, no flannel and an in-depth knowledge of property law Samantha is exceptional and I would recommend her services to anyone about to buy or sell a property.
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