The power of a savings MOT (‘Moment of Truth’)

A report by Royal London has revealed the battle faced by over a third of UK consumers. Day-to-day spending needs mean that many are finding it impossible to save for retirement. But there may be a solution in the form of one-off opportunities, if these can be identified in time: the savings ‘Moments of Truth’. … Continue reading “The power of a savings MOT (‘Moment of Truth’)”

One step closer to the pension advice allowance

Plans are taking shape for the pension advice allowance, to encourage more people to seek independent advice on their retirement choices. It is expected to allow the tax-free withdrawal of £500 from your pension pot before you reach 55. Here’s how it could work in practice. On the day you turn 55 years old, you … Continue reading “One step closer to the pension advice allowance”

‘It’s complicated!’ – Buying a home together

Few can climb the property ladder alone, and it’s not only couples who are making the ascent. But whether you’re buying as lovebirds or just housemates, it’s vital to understand how joint ownership works – or you could find that your dream home isn’t really yours after all. Most people who buy a home will … Continue reading “‘It’s complicated!’ – Buying a home together”

Pack your retirement parachute

What is it about pensioners and parachutes? We turn 55 and feel suddenly compelled to fling ourselves from high places strapped to an outsized duvet cover. But by a neat coincidence, skydiving can teach us a crucial lesson about retirement. Picture the scene. You’re hurtling down at 120mph towards terra firma (and it does look … Continue reading “Pack your retirement parachute”

Let-to-buy: the back-to-front way to your new home

Sometimes you can solve a tricky problem by turning it the other way round. If you have your eye on a new home but are struggling to sell your old one, let-to-buy can offer a potential lifeline. Find out how it works and whether it might suit you – and make yourself aware of the … Continue reading “Let-to-buy: the back-to-front way to your new home”

Why advice isn’t just a side-order

Many pension providers are now insisting that scheme members take advice before accessing their benefits. More red tape? Far from it. Here’s why advice at retirement is not so much ‘optional extra’ as ‘must have’. Some phrases to make your blood boil. Ready? Booking fee. Processing charge. Would you like to reserve seats? Ticket postage. … Continue reading “Why advice isn’t just a side-order”

Four solutions to the annuity problem

Pension annuity rates have been falling for some time – and the Brexit vote sent them tumbling still further. Can an annuity still provide could value for you in retirement, or should you explore other options? We take you through some ‘what if?’ scenarios to help you weigh up the alternatives to the traditional annuity. … Continue reading “Four solutions to the annuity problem”

Why you need a mortgage buffer zone

Mortgage rates are hitting historic lows, and for homebuyers it looks like the perfect opportunity. But in your eagerness to secure your dream home, you should be wary of ‘mortgage shock’ – the danger of over-stretching yourself in the longer term. The solution? A borrowing buffer zone. The question everyone’s asking is: how low can … Continue reading “Why you need a mortgage buffer zone”

Take care where you invest your pension pot

Since pension freedom arrived in 2015, there has been a trend of pension savers being invited to invest their pots in unregulated products. Savers may be promised attractive returns, without being made fully away of the associated risks. Have you been contacted? An open jam jar at a picnic brings creepy-crawlies. We know this, so … Continue reading “Take care where you invest your pension pot”

Had a bad day on the stock market?

So you had a bad day, as the song goes. The Brexit vote has reminded investors that the stock market is not for the faint of heart – but nor is it for the impulsive or impatient. It’s time to take a step back and examine the EU Referendum’s lessons for investors. ‘Rollercoaster ride’ is a … Continue reading “Had a bad day on the stock market?”