Results for: Pension

The United Nations Population Fund (UNFPA) India chief Andrea Wojnar has highlighted the need for increased investment in healthcare, housing, and pension schemes as India’s elderly population is expected to double by 2050. Wojnar also stressed the importance of addressing the unique challenges faced by older women, who are more likely to live alone and experience poverty. She emphasized the need for inclusive policies and data-driven approaches to ensure equitable access to resources and services for all.

The Indian Olympic Association (IOA) is set to introduce medical health insurance and a pension scheme for all former Olympians. This initiative, proposed by IOA president PT Usha, aims to support the well-being of athletes who have represented India on the global stage. The move comes after Usha witnessed the financial struggles of former Olympian Limba Ram, who suffered a brain stroke and required financial assistance.

Pensioners could be missing out on a significant amount of money due to annuity mistakes. By shopping around and comparing providers, retirees can potentially increase their income by thousands of pounds over their lifetime. It’s crucial to carefully consider all options and ensure that an annuity is the most suitable choice for individual circumstances.

Pensioners looking to boost their retirement income through annuities should be aware of a potential mistake that could cost them dearly. Experts warn that not shopping around for the best rates could result in a loss of up to £14,500 over a 20-year retirement period.