Not so long ago, the stereotype of old age focused on the negative. Perhaps facing illness or struggling to leave the house. Today, that’s not the reality for many people. It’s common to see people in their 80s and beyond fully enjoying their life. So, what can you do to...
Ministers have launched a financial wellbeing scheme with the goal of turning Britain into a nation of savers over the next ten years. How do your finances stack up? The most recent figures from the Office for National Statistics measuring household debt cover from April 2016 to March 2018. In...
Do you intend to pass on wealth to loved ones? If you want to help children and grandchildren become more financially secure, you need to consider more than just the sum you’ll be giving them. Tax rules may mean you need to think carefully about how you do so, as...
Purpose in life gives you a sense of direction and provides meaning. Having a purpose can improve your wellbeing throughout life, and it’s no different when you’re in retirement. Understanding what your purpose is can make the next chapter of your life more fulfilling. One of the key elements of...
For most people, their pension becomes accessible from the age of 55. If you’re nearing your 55th birthday, you might be tempted to make a withdrawal, whether as a one-off lump sum or regular income. However, using your pension sooner than necessary may have a greater effect on your retirement...
What's the difference between a need and a want? It's an important distinction. At a recent conference held by Financial Planning technology provider Distribution Technology, a senior member of the Financial Conduct Authority, Head of Life Insurance and Advice Supervision Debbie Gupta, said; “Advisers consider what a client wants, but...
Interest rates remained on hold in January, with some early signs that the UK and global economy could be picking up pace. It was the final Monetary Policy Committee (MPC) meeting with Bank of England governor Mark Carney in his role. MPC members voted 7 to 2 in favour of...
It’s no secret that the nature of retirement is changing. What used to be considered by many as a quiet, relaxing time in life, is increasingly becoming a period of greater activity. New research from Charter Savings Bank reveals that, instead of taking it easy, millions of those approaching retirement...
Retirement is usually viewed as a time of leisure when a lifetime of hard work pays off, and you can enjoy all of those things you previously deferred due to the pressures of work. But what happens when it’s time to retire, and you still have debts? It’s not quite...
Do people still buy annuities? In the past, the standard approach to using a pension pot was to take an entitlement to a tax-free cash lump sum (typically 25% of the value of the pension pot) and then buy an annuity with the balance of the fund. An annuity (sorry...
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