The Labour Party’s Independent Review of Retirement Income (IRRI) has suggested that workers should be aiming to save 15% of their salary into the pension each month, according to a BBC report.
The other week, in an FT piece that went viral, Rebecca Taylor, director at the Chartered Institute for Securities and Investments, said that 25-year-olds should be aiming to pay an average of £800 a month into their pension for the next forty years. Now this is an average: less now can be balanced out by paying more later. But the message is clear: start now.
The government wants to eliminate Generation Rent. I think they're talking about the demographic group, rather than our organisation. They want to replace us with Generation Buy. How cute.
Sadly, their plans so far will do nothing to reverse the growth of renting and will exacerbate the rising level of inequality between people who own their homes and those who don't.
The government's flagship policy is Starter Homes. The scheme will help 200,000 private renter households into home ownership with a 20% discount on the market price of a new home. The trouble is, if you're not in one of the lucky 200,000 - that's 4 million - you won't get a discount. You also won't get to share £26.8bn of profits when you sell your starter home - read our analysis here.
In an effort to increase transparency and help Irish voters make an informed decision in tomorrow's general election, we have contacted all election candidates and asked them to say where they stand on a range of issues, including rent control. All candidates’ answers (or the answers provided by their party in some cases) are publicly available on the website www.whichcandidate.ie. Voters can also answer the questions and see which candidates they agree with in their constituency.
We asked candidates whether there should be tighter controls on rent, and candidates are almost evenly split on this question. 43% (188 candidates) said that rent increases should be capped in line with inflation; while 44% (193 candidates) said that current controls on rent were adequate. (The remaining 13% of candidates were either opposed to any controls on rent, or selected none of these options.)
If you happen to be planning a move to (or within) the London boroughs of Croydon, Ealing, Tower Hamlets or Waltham Forest, then we might be able to save you a few hundred quid.
Volunteers in these areas have compiled a comprehensive list of local letting agents and their tenant fees at www.lettingfees.co.uk.
Tower Hamlets Renters have used their research to name and shame local agents
A flurry of news reports in the past week have told many of us what we're already thinking: more private renters are facing a lifetime of renting.
First, the Resolution Foundation said that, in ten years' time, 90% of under-35s on modest incomes will be renting for life.
Then, PwC said 40% of Londoners will be renting from a private landlord by 2025.
And today, the government-commissioned English Housing Survey found that 57% of private renters expect to buy their home - down from 61% in the previous year's report.
The Renting Homes Act for Wales passed through the Assembly at the end of 2015, but the end result was quite different from the initial Bill.
The Welsh Assembly has 60 Assembly Members (AMs) but the Welsh Labour Government only holds 30 of those seats. That means that every Bill has to have approval from one of the opposition parties – Plaid or the Lib Dems– or it won’t go through.
Renters never really know where they'll live in 12 months' time. Even if your landlord is a charity, charging reasonable rent and letting you turn their property into a home, they could quietly sell up to a landlord who will just evict you and sell your home to the highest bidder.
When we launched Vote Homes we called on the candidates to take action on rents, housebuilding, security and conditions.
But we also asked for something a bit more fundamental: for the next Mayor to commit to meeting regularly with renters groups.
If you ever wonder why we as a nation are "obsessed" with home ownership when people happily rent for life in Germany and the Netherlands, consider the number of ways you can lose your home as a renter.
Even if you pay the rent on time, take care of the property, and learn your neighbours' names, you can be forced to move if the landlord decides to sell up, raise the rent to a level you can't afford, or just doesn't renew the tenancy.
A new poll from BMG finds that 27% of current and former private renters have experienced an unwanted move.
LONDON NEEDS A MAYOR FOR RENTERS
Today, with 100 days to the London Mayoral election, we have launched www.votehomes2016.com, as the place to go if you want to know who is promising what to fix the city's housing crisis.