“Later Living: The rise of retirement villages”

Jul 6, 2021 | Retirement

During the last housing boom in the late noughties, some clients moved to a ‘retirement village’ near Stroud. Within a couple of years, the nursing home (which had to be there to get planning) and on-site managers had disappeared, the developers turned out to be based somewhere in the Caribbean and the site owned by RBS, who had stumped up the money. Years of legal cans of worms ensued. So I don’t think I’m being unduly NIMBY to be rather cynical about a planning application for 173 ‘extra care residential units’ in Burford. Or is it just me?

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“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.

“Annuity rates soar to 14-year high”

“Annuity rates soar to 14-year high”

I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.

“Retirement Income Group Backs Elton John”

“Retirement Income Group Backs Elton John”

Rock stars who’ve actually made it to retirement age have become great examples of the ‘why retire at 60/65/70 or even 75’ trend. Many healthy enough to carry on working can’t and won’t be able to afford to retire, of course, with the death of final salary pensions, shrinking state benefits and low savings rates.