Keep up the good work – the prevalence of the part-time pensioner

We know demographics are changing. We’re living longer, quite alarmingly; the population of England is set to rise by around nine million by 20391, with almost two thirds of that increase occurring in the pension age bracket. Not so long ago, many people’s lives fell into three distinct stages – education, career and retirement. The … Continue reading “Keep up the good work – the prevalence of the part-time pensioner”

What to do with a dog fund

You may have heard of the term ‘dog fund’ – but what does it mean and what should you do if you are invested in one of these funds? The financial press regularly publish lists of ‘dog funds’, simply put this refers to a fund which is deemed to be poorly performing, usually underperforming the … Continue reading “What to do with a dog fund”

Plan today for the retirement you deserve

You may feel that retirement planning isn’t the most riveting topic, but the sooner you engage with the concept, the sooner you’ll be able to put plans in motion to secure your financial future. If you are disengaged from thinking about your retirement, you aren’t alone as a recent study1 reveals. In the UK, 45 … Continue reading “Plan today for the retirement you deserve”

Could your child’s illness hit your earnings?

Many people take out income protection or critical illness cover to safeguard their finances if they have to stop work due to illness. But a child’s serious illness can have an equally severe impact on your ability to work full-time. Would your insurance cover this too? Most parents know the feeling of having to ask … Continue reading “Could your child’s illness hit your earnings?”

People ‘not engaged’ with pensions may have choices made for them

A Parliamentary committee has proposed a ‘default investment pathway’ for people who don’t make active pension choices at retirement. But should the government be making it easier for people to ignore their most important retirement decisions? Many people are currently receiving poor value from their pension products, according to a report by the Work and … Continue reading “People ‘not engaged’ with pensions may have choices made for them”

What this lottery winner can teach you about your pension

A teenager wins a fortune with her first ever lottery scratch card, and must make a life-changing choice. But anyone saving up a pension pot may face a similarly big decision. What would YOU do? If someone offered you a million pounds now, or a thousand pounds a week for the rest of your life, … Continue reading “What this lottery winner can teach you about your pension”

How long should you fix your mortgage for?

Most new mortgages are fixed deals as home buyers try to beat potential interest rate rises – and there’s been an increase in how long people are fixing for. Nearly half (48%) of new mortgages were for fixes of longer than five years in the most recent figures analysed by mortgage provider Paragon. This is … Continue reading “How long should you fix your mortgage for?”

Cost of divorce following couples into retirement

People who divorce may face an ongoing financial hit from it throughout their retirement, according to new research by Prudential. Younger divorcees and women especially are making potentially very costly mistakes by under-valuing their pensions. The financial impact faced by divorcees in retirement works out at nearly £4,000 a year, research by Prudential has found. In … Continue reading “Cost of divorce following couples into retirement”

Gig economy hides gigantic pension problem

Nearly half of the UK’s self-employed workers may have to rely on just the State Pension in retirement – which a recent report has found to be the ‘least generous’ in the developed world. As the gig economy grows, a potential pensions time bomb is growing with it. How much do you have in private … Continue reading “Gig economy hides gigantic pension problem”

Pension providers to warn over drawdown

If you access your pension via a drawdown scheme, your provider may soon recommend an ‘upper limit’ on the income you take. The new measures are intended to protect pensioners against using up their savings too fast, as many are still in the dark as to the underlying risks of drawdown schemes. Some of the … Continue reading “Pension providers to warn over drawdown”