Defined benefit pension transfers

More than £50bn has been taken out of ‘gold plated’ final salary schemes over the past two years. A study commissioned by the Financial Times over the summer found that 210,000 members have opted to transfer out of their defined benefit (DB) pensions in favour of taking a lump sum. It may be tempting to … Continue reading “Defined benefit pension transfers”

Can you downsize to fund your retirement?

For most people lucky enough to own one, their biggest financial asset is their house.  And it may have been your long-term plan to sell up in retirement and live off the proceeds.  But when it comes to the crunch, could you do it?  Our ‘Look before you leap’ checklist below will help you get … Continue reading “Can you downsize to fund your retirement?”

Buying a house? Don’t forget these costs

If you’re house hunting the main numbers you probably think about are the house price and monthly mortgage payments. If they seem affordable then the property might be the one for you. But there’s more you need to consider which could considerably increase the cost of buying a home. Here are the eight main costs … Continue reading “Buying a house? Don’t forget these costs”

Is Ryanair’s cheap model doomed?

The valuation of Ryanair has fallen by about €1.9bn since the low-cost airline revealed it was cancelling thousands of flights. Are the wheels coming off its business model? The phrase “stack them high, sell them cheap” has been attributed to Tesco founder Jack Cohen – but Ryanair chief executive Michael O’Leary has taken this phrase … Continue reading “Is Ryanair’s cheap model doomed?”

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!”

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?”