Early Retirement? It may soon be a thing of the past!

According to analysis by Aviva1, the number of people retiring before they reach age 65 is set to continue decreasing rapidly. The insurer calculates that by 2035 almost no one will be able to afford to retire early. Higher life expectancy, the demise of final salary pensions and a rising state pension age are contributing … Continue reading “Early Retirement? It may soon be a thing of the past!”

Don’t let jargon put you off saving for your retirement

One reason for the lack of pensions awareness could be the system’s perceived complexity. Just getting to grips with the financial jargon associated with pensions can be a hurdle for many people looking to plan for their retirement. If you’re feeling perplexed by pensions, here we explain a few commonly-used terms. DEFINED BENEFIT PENSION A … Continue reading “Don’t let jargon put you off saving for your retirement”

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”

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”

How much do I need to save to retire at 55?

There’s no longer such a thing as ‘retirement age’ – you’re simply free to access most pensions from the age of 55. But what if you actually did want to retire at 55? We take a look at what you’d need to make that dream a reality. There’s an old joke: ‘Jumping from a plane … Continue reading “How much do I need to save to retire at 55?”

Gender Pay Gap – Women should consider their Pensions

The recent revelations about equal pay at the BBC have highlighted the ongoing gender pay gap that exists across the UK.  Although steps are being taken to tackle the problem, women face an earnings gap as a result of career breaks, lower rates of pay and the responsibility and cost of childcare. Women who take … Continue reading “Gender Pay Gap – Women should consider their Pensions”

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”

Contractor? Solve your 3 biggest problems

Working as a contractor through your own limited company can be very rewarding, and not just financially. That said, it can sometimes be a bumpy ride. Choosing to become a contractor is a major decision, which can transform your career and your life – if you get it right. Most importantly, it can allow you … Continue reading “Contractor? Solve your 3 biggest problems”

The pension repayment scandal in the making

A potential scandal is brewing in the world of defined benefit pensions, which could see tens of thousands of pensioners asked to repay money received in error. There are suggestions that some individuals may be held liable for up to £50,000. Could this really happen, might you be affected – and what could you do … Continue reading “The pension repayment scandal in the making”

How your ex might still inherit your pension

Many people approaching retirement may be unwittingly naming an ex-spouse or ex-partner as their pension beneficiary upon their death. According to a Royal London study, out-of-date paperwork may put current partners at risk of missing out. Over three quarters of a million people near retirement are at risk of passing their pension pot on to the … Continue reading “How your ex might still inherit your pension”