COVID-19 raises pension fraud threat level

Just as the coronavirus crisis has brought out the best in humanity, in the form of selfless healthcare workers and the nationwide support for them, it has also – sadly – dredged up some of the worst. There are some who see the crisis only as an ‘opportunity’ to con older people out of their … Continue reading “COVID-19 raises pension fraud threat level”

Riding out the storm together

Global stock markets are suffering a period of volatility as a result of the COVID-19 outbreak. Markets do not respond well to uncertainty, but what is certain is that volatility is synonymous with stock market investment; and although market movements can be concerning, we have all become much better at expecting the unexpected. On Budget … Continue reading “Riding out the storm together”

Women face ‘Gender Pension Gap’

The latest ‘Women and Retirement’ report1 reveals an increasing proportion of women are prepared for retirement. Unsurprisingly, it also shows that the historic gender pay gap translates into a gender pension savings gap. RECORD CONTRIBUTION LEVELS The number of women contributing to a pension has risen by 15% in the last 15 years, with the … Continue reading “Women face ‘Gender Pension Gap’”

Old and young both missing out on advice opportunities

More than half of Brits over 65 are yet to take advice on their finances, despite evidence that advice doubles financial confidence. At the same time, younger generations are failing to exploit advice opportunities. The UK’s baby boomers have largely missed out on the benefits of financial advice, and younger generations are at risk of … Continue reading “Old and young both missing out on advice opportunities”

Marshmallows and financial planning

The Stanford marshmallow experiment is one of the most famous pieces of social science research out there. It has arguably influenced the way that many people live their lives, in addition to providing plenty of fun and interest for those with young children who are in the ‘I’ll try this at home’ camp. So what … Continue reading “Marshmallows and financial planning”

Lifetime ISA investors losing out to high fees

People using the Lifetime ISA to save for a first home, or to boost their retirement income, may be sacrificing thousands of pounds to avoidable management fees. But lower cost alternatives are available. The Lifetime ISA (LISA) has been a godsend for first-time buyers, offering the fastest way to save a deposit for a first … Continue reading “Lifetime ISA investors losing out to high fees”

Financial advice and the fishing rod riddle

Three fishermen, three rods, three price tags, but only one answer. What can fishing teach us about the value of financial advice? *Ding*. The bell rings above the door of Hartley’s Fly Fishing Supplies. Three men enter, all equally determined to win this year’s Lower Kimbleton angling tournament. The first, Andrew, makes a beeline for … Continue reading “Financial advice and the fishing rod riddle”

Optimist vs pessimist – what does it mean for your money?

Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play. Does it matter if you’re an optimist or a pessimist? Optimism is generally considered far more desirable, and research has consistently correlated it to many positive outcomes, ranging from … Continue reading “Optimist vs pessimist – what does it mean for your money?”

Is your annual allowance endangered?

You can normally pay up to £40,000 into a pension each year and receive tax relief on it – this is your annual allowance. But you need to beware of not one but two big risks to your allowance, which could cost you a lot in tax. When you first heard about the pension annual … Continue reading “Is your annual allowance endangered?”

Are the best things in life really free?

Fashion designer Coco Chanel is reputed to have said: “The best things in life are free. The second-best things are very, very expensive.” Many of life’s most exciting and memorable experiences can come with a hefty price tag attached. Recent research1 has calculated that going to university, buying a house, getting married, having two children, … Continue reading “Are the best things in life really free?”