Monthly Archives: March 2012

Active Retirement

RetirementI hear on the radio that Tesco in the UK is seeking to raise the retirement age in its pension fund to 67 years of age. Having long since resigned myself to the fact that I will be working until at least 70, I find it somewhat reassuring to note that the rationale behind the raising of  the retirement age is that we are all living longer and therefore, while we may have to work an extra few years, we will all  still enjoy an active and long retirement. I think people are now approaching retirement in a more structured way than  heretofore, certainly it now is seen as  merely a  milestone in one's life, and not the...
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Mortgage Time Bomb

AIB Mortgage Tine BombReports in the newspapers today suggest that the AIB faces a mortgage time bomb by virtue of the fact that staff facing redundancy owe the bank a total of €2 billion in mortgage debt. Over the last few days, the Taoiseach has admitted that the government has failed to deal  with the question of distressed mortgages, perhaps now  the situation in AIB will force its hand. Over the last number of years in this office we have come across a number of decent individuals who have made sensible suggestions to the banks regarding their arrears and the sale of property in negative equity, in the vast majority of these...
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