Raise your pension awareness today!

In a year which has gripped the nation with political uncertainty surrounding Brexit, the dominating headlines around defined benefit pension schemes and a General Election, this year’s Pension Awareness Day hopes to bring some clarity for those in the midst of saving for their future financial security. Most of us are aware that our future … Continue reading “Raise your pension awareness today!”

When a long marriage breaks up

Divorce at any age is a traumatic event – but one that happens in later life may be even more so. Untangling the finances of a long-married couple can be a highly delicate process requiring expert advice. The good news is, married couples are staying together for longer. The Office of National Statistics (ONS) has … Continue reading “When a long marriage breaks up”

Parents are worried sick about falling ill

Recent research1 by Aviva shows that nearly half of parents with dependent children are concerned about what would happen to their finances if they or a member of their family developed a serious illness and was unable to work, believing they could not support their lifestyle for even a month.  However, they are still more … Continue reading “Parents are worried sick about falling ill”

Five dos and don’ts if you’re buying to let

Are you planning to buy to let? Or perhaps you’re a landlord already. Whether you’re a first-timer or hope to expand your property portfolio, take some tips for success! Buy-to-let property investment has soared in popularity, thanks to the combination of a raft of perks and poor returns from traditional investments. Now that pension freedom … Continue reading “Five dos and don’ts if you’re buying to let”

‘Flexible’ retirement could mean working into your late 70s

A recent report1 shows that those who are planning  a ‘flexible’ retirement, reducing their working hours in their later years  and topping up their earnings with pension income, could have to  work on into their late 70s or even later to achieve a good standard of living. Why is this likely to happen? Nearly four … Continue reading “‘Flexible’ retirement could mean working into your late 70s”

Should you get a 30 year or longer mortgage?

The length of a mortgage is typically 25 years, yet more people are considering borrowing money for longer to bring down the average cost of monthly repayments. But taking a 30 year or longer mortgage could end costing you a lot more money. House prices rises might have slowed down, but they’re still very high … Continue reading “Should you get a 30 year or longer mortgage?”

Are you in danger of making a pension mistake?

A review of the retirement market by the UK regulator has raised concerns a growing number of people could be making poor decisions regarding their personal pensions. In 2015 a raft of changes were made to money purchase pension rules. Many people were no longer compelled to buy an annuity, a product offering a guaranteed … Continue reading “Are you in danger of making a pension mistake?”

Leave your family a pension – not a tax charge!

Many employer pension schemes now include a Death in Service benefit. But should the worst happen, this apparent perk may cause even more grief for your family if you don’t plan ahead. What are the risks and how can you avoid them? Isn’t it ironic, as Alanis Morissette once sang? Your employer, keen to offer … Continue reading “Leave your family a pension – not a tax charge!”

What happens to your pension when you die?

If you’ve made a will, well done. But the job’s not quite finished yet. Many people don’t realise that wills don’t cover pension pots – so you need to make separate arrangements. They say you can’t take it with you. And in an ideal world, many of us would like our pension to last exactly … Continue reading “What happens to your pension when you die?”

Who has benefited from Help To Buy?

The latest statistics1 show the scheme has  helped over 220,000 home-buyers. The average house price across the scheme is £191,000, illustrating that it’s helping people buy at the lower end of the housing market. With the government having pledged earlier in the year to fix the UK’s “broken housing market” it’s welcome news that over … Continue reading “Who has benefited from Help To Buy?”