NerdWallet’s Senior Pension Expert has warned that getting a private pension may be essential to meeting living costs in retirement, even though the Basic and New State Pensions are rising on 11 April 2022.
The financial comparison website researched the average cost of living and has discovered the cheapest and most expensive places to retire. Looking at the cost of living in key cities in the UK, alongside state pension income, the NerdWallet research found that while the New State Pension could in theory support most people, the Basic State Pension doesn’t offer enough to keep up with people’s cost of living in 21 out of the 26 cities it looked at.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.