{"id":1952,"date":"2017-09-21T17:59:43","date_gmt":"2017-09-21T17:59:43","guid":{"rendered":"http:\/\/www.fpgonline.co.uk\/?p=1952"},"modified":"2023-09-19T10:55:16","modified_gmt":"2023-09-19T10:55:16","slug":"quirky-facts","status":"publish","type":"post","link":"https:\/\/www.fpgonline.co.uk\/index.php\/quirky-facts\/","title":{"rendered":"Quirky Facts About A Better Planned Future"},"content":{"rendered":"
<\/div>\n
<\/div>\n
Here\u2019s seven quirky facts that also help focus our minds on the importance of pension planning and investing in our futures.<\/div>\n
<\/div>\n
\u00a340,000<\/b><\/div>\n
The current annual allowance of \u00a340,000 could buy you one night in The Ty Warner Penthouse at the Four Seasons in New York – the world’s second most expensive hotel room in the world (Source:\u00a0The Telegraph<\/a>)<\/div>\n
<\/div>\n
\u00a31m<\/b><\/div>\n
The lifetime allowance of \u00a31m in pound coins would weigh 9.5 tonnes (Source:\u00a0Answers.com<\/a>)<\/div>\n
<\/div>\n
Age 55<\/b><\/div>\n
TV presenter Phillip Schofield, who turned 55 earlier this year, is now able to access his pension. He was born in 1962, which is the year the first James Bond film,\u00a0Dr No, was released (Source:\u00a0Wikipedia<\/a>)<\/div>\n
<\/div>\n
\u00a3159.55<\/b><\/div>\n
The new state pension of \u00a3159.55 a week would pay for a flight to New York from Edinburgh with Norwegian Air (Source:\u00a0The Telegraph<\/a>)<\/div>\n
<\/div>\n
8,000,000<\/b><\/div>\n
The eight million people who are now auto-enrolled are equivalent to the population of Papua New Guinea<\/div>\n
(Source:\u00a0Worldometers<\/a>)<\/span><\/div>\n
<\/div>\n
12,000,000<\/b><\/div>\n
Meanwhile the 12 million people aged 30 to 65 who are not saving for a pension are equivalent to the population of Rwanda (Source:\u00a0Worldometers<\/a>)<\/div>\n
<\/div>\n
\u00a323,000<\/b><\/div>\n
The average income people aged 22 to 29 expect in retirement – \u00a323,000 – is the minimum salary for a London Bus Driver (Source:\u00a0City AM<\/a>)<\/div>\n
<\/div>\n
In the past, many workers missed out on valuable\u00a0pension\u00a0benefits, because their employer didn’t offer them a\u00a0pension, or they didn’t apply to join their company’s\u00a0pension\u00a0scheme.\u00a0Automatic enrolment\u00a0changed this and made it compulsory for employers to\u00a0automatically enrol\u00a0their eligible workers into a\u00a0pension\u00a0scheme \u2013 it has\u00a0undoubtedly been a success for millions of UK adults, who have started saving towards retirement for the first time. In fact, since the initiative was introduced in 2012, research shows the number of people saving adequately for retirement has increased from 45% to 56%.<\/span><\/div>\n
<\/div>\n
Nevertheless, more needs to be done to encourage people to put away as much as they can towards retirement, with a key focus on the younger generation, who also face the difficulty of finding a way to get on the housing ladder.<\/div>\n
<\/div>\n
Here at The Financial Planning Group we help individuals, families and businesses to place their financial affairs in context with their future goals and aspirations. We provide a simple, structured, disciplined and reviewable planning service. We will change the fundamental relationship people have with their money to give them confidence and clarity in their own future.<\/div>\n
<\/div>\n
If you would like to arrange a pension or investment consultation,\u00a0please call Tim Norris or Alan Clifton on 0800 731 7614 and we would be delighted to arrange a meeting at our offices in the heart of Teddington.<\/b><\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s seven quirky facts that also help focus our minds on the importance of pension planning and investing in our futures. \u00a340,000 The current annual allowance of \u00a340,000 could buy you one night in The Ty Warner Penthouse at the Four Seasons in New York – the world’s second most expensive hotel room in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1952","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nQuirky Facts About A Better Planned Future - The Financial Planning Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fpgonline.co.uk\/index.php\/quirky-facts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quirky Facts About A Better Planned Future - 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