Most Britons Face 60 Percent Income Loss in Retirement
REUTERS UK: Almost two-thirds of people living in Britain today are likely to see a 60 percent drop in their income when they retire over the next 40 years and a plummeting quality of life, a report said Thursday.

The 15 million households earn between 18,000 and 44,000 pounds each and represent roughly 35 million people, according to the study by London's Chatham House think-tank.

Their incomes will take the biggest hit from retirement compared to the lowest and highest 20 percent of earners.

"The UK has a distinct problem with middle-income earners who are failing to save enough and are likely to find the drop in income during retirement unexpected and unacceptable," said Paola Subacchi, one of the report's authors. >>> Reporting by Olesya Dmitracova; Editing by Steve Addison | London | Thursday, March 10, 2011

Mohan Bahgwat is the new RSS chief

INDIAN ELECTION NEWS: KS Sudarshan, chief of Rashtriya Swayayamsewak Sangh (RSS), announced his retirement today citing his health reasons. Mohan Bhagwat has succeeded him.

Mohan Bahgwat is the new 'Sar Sangh Chalak' (chief) of the RSS. His appointment comes with an expectation to redefine relations with the BJP at a time when the saffron party is trying hard to come back to power at the Centre.

Mohan Bahgwat has replaced KS Sudarshan who steps down after being at the helm of the Sangh Parivar fountain head for nearly nine long years when there were many ups and downs in its ties with BJP during Atal Bihari Vajpayee's term as Prime Minister of India of the NDA government.

The election of Mohan Bhagwat as ‘Sar Sangh Chalak’ came on the 2nd day of the 3 day RSS conclave that is expected to redefine its relationship with the BJP.

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Rajnath Singh, BJP president and Bal Apte, on deputation from RSS, were present on the occasion.

Mohan Bhagwat is now 59 years old and he has good relations with the BJP leadership including L K Advani. Bhagwat was replaced as general secretary by veteran ideologue Suresh Soni. Suresh Soni used to be in the BJP hierarchy a few years ago as a joint general secretary.

Labels: Mohan Bahgwat is the new RSS chief, K S Sudarshan, Mohan Bahgwat, BJP, Indian Election News

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