People are paying less into their pensions (but more have them)

The good news: pension scheme membership is growing. Not so good: the average level of saving is falling. New HMRC figures show that although the pension message is getting through, many remain unaware of how big a retirement fund they will need. The average person saving into a pension paid in around £200 less last … Continue reading “People are paying less into their pensions (but more have them)”

Investment Risk and Volatility – Keep Calm

If you’re new to stock market investment, adjusting to a world where stock prices can rise and fall, often by a wide margin on just one day, can take a bit of getting used to and volatile markets can feel like an unsettling roller-coaster ride. So, what is the key to managing your investment portfolio … Continue reading “Investment Risk and Volatility – Keep Calm”

Bank of Mum & Dad still paving the way to property purchases

Children are still relying on financial assistance from their parents to get their foot on the property ladder. For ‘Generation Rent’, becoming a homeowner is harder than ever, meaning that the Bank of Mum and Dad continues to play a significant role. Parental support has become so vital, in fact, that the Bank of Mum … Continue reading “Bank of Mum & Dad still paving the way to property purchases”

Are your finances mortgage-ready?

Time spent organising your finances before you apply for a mortgage will help lenders assess your suitability and may even result in them lending you more. ASSESS CURRENT DEBTS A prospective lender will want to know about any debts you already have. If you can afford to, pay down loans and credit card balances, but … Continue reading “Are your finances mortgage-ready?”

Homeowners put off moving due to stress

If you find yourself recoiling at the prospect of selling up and finding a new property, you’re not alone. Quite apart from Brexit uncertainty and the housing market slowdown, it seems that many homeowners are putting off moving because it’s simply too stressful. Concerns about moving to a new location, having noisy neighbours and high … Continue reading “Homeowners put off moving due to stress”

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”

Simple lifestyle changes could help millennials save £10.5BN

With the majority of millennials admitting that they don’t save enough and often finding it hard to save, Barclays1 has come up with some suggestions that could help them meet their financial goals. Those who fear that this could mean giving up on nights out or regular treats, will be pleased to know that the … Continue reading “Simple lifestyle changes could help millennials save £10.5BN”

Retirement: 68% may be making the wrong choices by going it alone

Since the introduction of the pension reforms, retirees have much greater flexibility to spend and invest their pension pots as they wish. However, this means that people are faced with important decisions, both in the run-up to retirement and afterwards, that will affect their standard of living and financial outlook for years to come. A … Continue reading “Retirement: 68% may be making the wrong choices by going it alone”

The intergenerational fairness debate – Peers make recommendations

The House of Lords Committee on Intergenerational Fairness and Provision has concluded, following a 12-month parliamentary inquiry, that the government should take steps to make society fairer by supporting younger people, particularly in the employment market and the provision of housing. The deal between young and old to support each other through life could break … Continue reading “The intergenerational fairness debate – Peers make recommendations”