fbpx

News

View our latest news stories here.

Pensions Retirement Planning
June 2020
COVID-19 effects on retirement planning
Pensions Retirement Planning
June 2020
Remember that pension savings are for the long term The coronavirus (COVID-19) is having a widespread impact across all aspects of financial life, including retirement plans. The current global stock market turbulence, as a consequence of COVID-19, will no doubt be concerning for individuals whose pension savings are invested partly or fully during these volatile market conditions. Read full article
Pensions
May 2020
Freedoms to turn pensions into money you can use
Pensions
May 2020
One of the most important decisions you will make for your future Under the pension freedoms rules introduced in April 2015, once you reach the age of 55, you can now take your entire pension pot as cash in one go if you wish. However, if you do this, you could end up with a large Income Tax bill and run out of money in retirement. It’s essential to obtain professional advice before you make any major decisions about how to access your pension pot. Read full article
Pensions
April 2020
Future retirement security
Pensions
April 2020
More younger women opting out of pensions Young women are putting their future retirement security at risk by opting out of their workplace pension[1]. The analysis shows a worrying spike in opt-outs, with 10.5% of women aged 22–29 opting out of their workplace pension. This compares to 8.1% of men in the same age group. Read full article
Pensions
March 2020
Time to give your pension pot a boost?
Pensions
March 2020
Planning ahead for the financial future you want Planning for retirement can be both exciting and daunting. It’s essential to structure your affairs to make sure you have enough money when you eventually retire. To give your pension pot a boost, one option to consider if your pension savings are more than your annual allowance is to take advantage of the ‘carry forward’ rules for unused annual allowances from previous years and still receive tax relief. Read full article
Pensions
March 2020
Divorcees risk losing out on pensions
Pensions
March 2020
Dividing this asset is of vital importance to avoid pension poverty Divorce is an emotional and stressful period for those who have to go through it. However, it’s important that people realise that a pension is a valuable asset when considering how they split their money. Read full article
Retirement Planning
February 2020
Retirement matters
Retirement Planning
February 2020
There’s a lot to look forward to In your 50s, it’s important to make retirement planning a priority if you haven’t done so already. At this age, retirement is no longer a distant concept, and time is short if your plans aren’t on track. Read full article
Pensions
February 2020
Pension consolidation
Pensions
February 2020
Simplifying and maximising retirement benefits The employment landscape has evolved significantly over the last few decades, and changing jobs multiple times before retirement is now very much the norm. As a result, many people have multiple pensions set up, as they have been automatically enrolled into a new pension scheme each time they have started a new job. Read full article
Financial Planning
February 2020
Wealth uplift
Financial Planning
February 2020
Calculating the value of financial advice Quantifying the value of financial advice has always been a challenge because people who receive financial advice have different characteristics to those who do not. But what if it was now possible to quantify the value of financial advice and isolate a pure ‘advice effect’? This is exactly what the researchers at the International Longevity Centre – UK (ILC) have been able to calculate. Read full article
Retirement Planning
January 2020
Women better prepared for retirement
Retirement Planning
January 2020
Record high despite £78k pension pot gender gap Women in the UK are better prepared for the future than ever before, with 57% now saving enough for their retirement – the highest proportion recorded in 15 years. A recent report[1] shows that average savings amongst women are up 4.6% since 2007/08, equating to an additional £5,900 in income every year of retirement. Read full article
Tax Planning
January 2020
Tax savvy
Tax Planning
January 2020
  Savers should think twice before using their pension to purchase property From age 55, you have the flexibility to choose how you take money from your pension. But pension savers risk throwing away thousands of pounds of their hard-earned savings if they use their pension to purchase a second property. Read full article

test.