PENSIONS AND RETIREMENT STILL REMAIN A TABOO
When it comes to marriage and money, it’s good to talk Millions of married couples have no idea about their spouse’s pensions and retirement plans, according to new research. More than three- quarters (78%) of non-retired married people do not know what their spouse’s pensions are worth. Nearly half (47%) of non-retired married people have […]
FESTIVE GIFTS THAT TEACH CHILDREN THE VALUE OF MONEY
Why parents should look to Christmas investment gifts instead of toys With the festive season approaching, have you thought about gifting your children or grandchildren something different this year? Giving them a good start in life by making investments into their future can make all the difference in today’s more complex world. Lifetime gifting is […]
UK PENSIONERS UNDERPAID
More than £1 billion in State Pensions impacted due to ‘repeated human errors’ The Department for Work and Pensions (DWP) underpaid 134,000 pensioners in State Pension to the tune of £1 billion, according to the National Audit Office (NAO). Complex State Pension rules, outdated and unautomated IT systems, and a high degree of manual review […]
HOW CAN I PROTECT MY MONEY FROM INFLATION?
Five questions to ask before inflation really takes off ‘How can I protect my money from inflation?’ is a question that many people may be asking themselves right now. In the current economic climate, rising inflation is becoming a concern for people with savings and investments. The effect means you’re potentially earning less money due […]
CHANGE TO THE STATE PENSION TRIPLE LOCK
Pensioners ‘deeply disappointed’, particularly women and self-employed The earnings benchmark of the State Pension triple lock will be temporarily set aside for next year. The Department for Work and Pensions (DWP) confirmed on 7 September that the State Pension triple lock rule will not be applied for the 2022/23 financial year over concerns of the […]
PANDEMIC TRIGGERS SHIFT TO SAVING
People thinking more about their spending and financial priorities The coronavirus (COVID-19) pandemic has lead to more people re- thinking how they spend and manage their money, with more than half (51%) now prioritising saving for an unexpected event or loss of income, research published suggests. A third (32%) are setting aside money. This reflects […]
Preparing for the unexpected
Protection should be a core part of your financial plan When you think of financial planning, pensions and savings will spring to mind. But, whilst often overlooked, protection should be a core part of your financial plan. If you are worried illness or injury could leave you without enough to pay bills, there are solutions […]
INFLATION MATTERS
Guarding against rising inflation eating away at your investments Understanding inflation is an important factor when it comes to investing and your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could and your wealth shrinks over the years. As […]
D E C I D I N G W H E N TO RETIRE
Looking at different sources to estimate how much income you’ll have When deciding when to retire, the most important thing to consider is making sure you have enough money to live comfortably.Imagine you’re retiring today. Will you be able to “nancially support yourself, and potentially your family too, with your current pension savings?The run-up to […]
Retirement plans being put in jeopardy
Pandemic threatens pushing over-50s into pension poverty The number of those over 55 dipping into their pension early has increased this year, as some have struggled to pay for essentials during the pandemic. More than half (53%) of people in their 50s fear running out of money in retirement, as they have been the most […]