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Britain’s ‘great unretirement’: cost of living drives older people back to work

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Spiralling inflation, volatile financial markets and the soaring cost of living are leading to the “great unretirement”, with research suggesting retired people are returning to the workplace.

There are now more people aged 50 and older in work or looking for work than since just before the pandemic, according to data from the Office for National Statistics (ONS).

Its analysis shows there was an increase in economic activity (people working or looking for work) of 116,000 among the over-50s in the past year.

More than half the total increase is among men aged over 65 – whose economic activity levels increased by 66,000, or 8.5%, in a year – with 37,000, or 6.8%, more women over 65 in or looking for work.

Experts say in-depth research indicates the increase is driven by former people in retirement returning to work, rather than people working longer. “People who thought they could retire comfortably during the pandemic are having to unretire and find work again to bring in extra income and top up their pensions while they still can,” said Stuart Lewis, the chief executive of Rest Less, a digital community for the over-50s.

“Increasing numbers of retirees are feeling poorer than they’ve felt before, with consumer confidence at a record low and purchasing power eroded on a monthly basis,” he added. “All this is driving the trend of unretirement.”

Volatile financial markets were creating significant fear and uncertainty in people’s perceptions of their future retirement income, said Lewis. The one-off suspension of the state pension triple lock last April means that the state pension only increased by 3.1%, while inflation increased at 9.4% in June. “It’s no surprise that people are looking at ways to make additional earnings,” he added.

Caroline Abrahams, the charity director at Age UK, said it was no wonder that significant numbers of retired people were “scrambling to return to work in an effort to shore up their finances against the storm”.

“Judging from what we’re being told at Age UK, many older people are looking ahead to the winter with extreme trepidation,” she said. “With inflation high and rising we can see why: the prospect of scrambling to afford to keep the heating on is truly frightening.

“Carefully laid retirement plans, which looked economically sustainable a year ago, are now shot to pieces and that’s a huge disappointment if you’ve been looking forward to a rest and the chance to enjoy yourself after many years of working.”

Ros Altmann, the former pensions minister and Conservative peer, said the government was wrong to remove the promised protections from pensions. “The fear of inflation has caused huge anxiety and driven some to return to work even if their health may not be up to it,” she said.

Cora Adcock, a part-time music teacher who retired at 64, had to return to work aged 69 because her pension did not cover her increased living expenses.

“I just couldn’t manage financially on my state and teacher’s pensions, especially as I missed a few years of contributions because I took time off to care for my children when I was younger,” she said.

Adcock found work playing the organ for up to 13 funerals a day at a local crematorium but lost her job aged 71. Partially sighted, Adcock is still trying to find work. “I’m looking for work that I can’t really physically do because the bills are such a worry,” she said. “I’ve already cut everything I can. I don’t even use the oven.”

Dr James Derounian, from Gloucestershire, recently returned to his work as a lecturer two years after retiring aged 62. “I had planned to retire but life had other ideas,” he said. “The cost of living curtailed all my plans.”

Qualitative data from the ONS supports the notion that the figures reflects those coming out of retirement, rather than simply continuing to look for work after the age of 65: it asked 12,000 people aged 50 to 70 years old who were not currently looking for work, if they would consider going back to work in the future. One in three of those aged 50-64, and one in 10 of those aged 65 and older, said they would.

The trend is also supported by a recent poll of Rest Less’s retired members, 32% of whom said they would consider returning to work or that they were already working again. Almost 70% of those said they were “unretiring” purely or partly for financial reasons.

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Owner of iPhonix mobile Abhishek Balsara offers iPhones at the best rates

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Owner of iPhonix mobile Abhishek Balsara offers iPhones at the best rates

iPhonix mobile

The iPhone can be an expensive option for some, but its price covers all the requirements of a person’s life and it is completely reliable. With an iPhone, you probably don’t need any other external devices.
These days, people are very careful about what they buy and what they wear, and depending on the trend, they also pay attention to the type of purchase. As the world of technology evolves, so does the demand for more functionality. This is the reason why the iPhone has become so popular in India and is currently the longest running phone that competes with Android.

Abhishek Balsara

To be precise, the iPhone is admired by almost everyone because it not only looks good but also has essential features that are really useful for the people who use it. Also, there have been a lot of updates as the company has been waiting for what people actually find useful and necessary in a phone. The iPhone may be an expensive option for some, but its price is completely reliable as it covers all the requirements of a person’s life. . With an iPhone, you probably don’t need any other external devices. You can trust him and his tasks so you never have to worry again.

The price range is usually a big problem for people, but today we will talk about the people and their institutions that make these smartphones very cheap and affordable. This is the only store that offers the latest genuine iPhones at the lowest prices and no other store offers similar products and services. It has been around for a long time and can be completely trusted due to its solid reputation and the great reviews it has collected over the years.

iPhonix Mobile is completely customer focused and has provided unmatched customer service for a long time, earning people’s trust and admiration. So come on, if you want the perfect smartphone, you know where to go. Not only is it the latest trend in the market, but it is also very affordable.

Please visit iPhonix Mobile at the link below for the latest product information. Be the first to get it!

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How to Find an Obituary for a Specific Person

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How to Find an Obituary for a Specific Person

As part of your family tree or ancestry research, you may need to find the obituary of a particular person. This article provides a list of resources to help find the obituary of a particular person.

Obituaries are one of the most important sources of information genealogists look for when looking for clues related to the life of their ancestors. What many may not know is that the practice of announcing death in this way dates back to 59 BC.

Roman newspapers inscribed in metal or stone, known as the Acta Diurna (Daily Events), are published in important places in Rome. It features celebrity births and deaths, as well as general gossip about important people in the city.

In 1439, the printing press was invented, and with the advent of newspapers, the practice of announcing prominent deaths continued.This has survived and is still a common practice.

So why do genealogies need obituaries, and more importantly

, how do you find the obituaries you need for your research?

Importance of obituaries


relatives and friends
Those with aging parents or who lived with grandparents may have sat and read the local newspaper to see if anyone they knew had died. As we grow older, we feel a morbid fascination with our own mortality, and as a result, we become fascinated by the people we meet and those who are close to our own age.

An obituary is an opportunity for families to let people they don’t know know that a loved one has died. In many cases, this allows family members to let people know when the funeral will be held, and old friends to attend and offer their condolences.

Obituaries serve an important social function. Because bereaved families don’t have to spend time grieving connecting with everyone the deceased loved one may have known.

genealogist
Although obituaries are very important to genealogists, they are technically not considered definitive documentary evidence. Searching for ancestors in obituaries can help you find important information such as:

close relatives
Religion and Church Affiliation
date of birth and place of birth
place of death and date of death
former job


important biographical information


The family information provided in the obituary helps distinguish between the two of her namesakes in official documents. Knowing the names of siblings and parents makes it easier to determine a person’s accurate census record.
As with any mystery, there may be many small clues here to help you find the truth and the documents that support it. should always be taken as clues until further evidence is documented.

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Cost increases faced with end of Adjusted Right to Rent checks

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Cost increases faced with end of Adjusted Right to Rent checks

Rental agents are taking significant steps to comply with rental eligibility checks as the system allowing for coordinated checks (for example via Zoom calls and copies of documents) will end in the UK on 30 September of 2022. We are facing increasing costs.

From October 1, 2022, agents responsible for reapplying for tenants and rent checks will need to review their processes to be ready to return to manual in-person checks (this may be because someone who qualifies as a UK resident you will still be admitted if you present a valid ID). and Irish citizens), or register with one of the proptech service providers accredited by the UK government as a Digital Identity Service Provider (IDSP). Foreign checks must be processed through the Ministry of the Interior’s Sharecode system, to which agents have free access.

The change comes at the same time that agencies will have to deal with rising energy bills and rising staff retention costs by maintaining competitive compensation packages.

IDSP cost for British and Irish citizens
With the announcement of the first IDSP under the UK’s digital identity and attribute trust framework, agents need to be aware of and prepare for the upcoming changes. With the promulgation of the Tenant Fees Act 2019, the costs associated with the delivery of checks for the right to rent have not changed and cannot be passed on to applicants.

Coordinated checks were introduced as part of COVID-19 measures to reduce face-to-face contact and have been expanded as the Home Office works to implement a robust digital solution for national checks in the UK and Ireland. If an agent wishes to provide digital checks to people with ID cards in the UK and Ireland, once adjusted rental eligibility verification is complete, the agent will need to register with an ID service provider who will incur a fee for the service. Alternatively, agents can provide a manual verification in person if the applicant provides a suitable British or Irish ID. If an agent chooses to use IDSPs, they must take into account UK and Irish citizens who choose to verify their identity offline and must not discriminate on that basis.

Digital verifications for foreigners can be done easily and at no external cost by verifying through the home office system in real time using the common digital code and date of birth provided by the applicant.

If the agency’s system relies primarily on in-person reviews, consider the need for additional time and resources to schedule appointments for applicant reviews (and follow-up reviews of submitters, subject to time constraints). status) and the associated time change.

Keeping track of rent checks is more important than ever
Propertymark members notify the Home Office to establish a “legal excuse” for agents to provide statutory audit information if they are unable to obtain a foreign rent check again during the rental period. against late and/or civil penalties.

The Rental Law Code of Practice is ambiguous about liability for civil penalties when agents use IDSPs. The ultimate responsibility for verification rests with the landlord or designated rental agent. Therefore, the use of a UK government accredited IDSP does not eliminate all risks of civil penalties for landlords or designated rental agents when investigated by immigration authorities.

The reintroduction of personal checks coincided with seasonal changes in the incidence of COVID, the impact of which is unknown.

Since it was first introduced under immigration law in 2014, the work required for agents to complete rent checks in the UK has increased dramatically and there are now over 100 pages of instructions for agents to understand. years. The Rent Payments Act of 2019 forced agents to incur higher costs in this area.

A period of additional requirements is coming, whether agents continue to conduct in-person rental checks during application and follow-up or use one of our approved IDSP providers. This is a particular problem given the heightened scrutiny of students who are British citizens from the academic year onwards.

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