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?”

It’s getting harder to predict your state pension – and here’s why

Changes to state pension age and pension credit, alongside reports of forecasting errors, are creating uncertainty around this most important benefit. State pension reforms risk leaving an increasing number of people unsure what their retirement income may be. Ongoing rises in the state pension age have coincided with a change to related benefits such as … Continue reading “It’s getting harder to predict your state pension – and here’s why”

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?”

Brexit delay spurs the housing market

The slowdown in the housing market caused by Brexit uncertainty is showing signs of shifting, thanks to the postponement of the UK’s leaving date. Asking prices are bouncing back as more homeowners decide they can wait no longer. After more than six months of falling buyer enquiries, the slowest house price growth for six years … Continue reading “Brexit delay spurs the housing market”

A French twist on equity release arrives in the UK

More people in retirement are turning to their homes as a source of cash. This usually means using a specialist equity release provider – but could an arrangement popular in France provide an alternative solution? Welcome to the strange world of the ‘viager’. Going up: the cost of living, life expectancy and the state pension age. Going … Continue reading “A French twist on equity release arrives in the UK”

Over-55s borrowing £11m a day against their homes

Many older people turned to their properties as a source of cash last year, due to the rising costs associated with later life. In 2018 homeowners borrowed nearly £11 million a day against the value of their homes, via the process known as ‘equity release’. Borrowing via equity release is at an all-time high in … Continue reading “Over-55s borrowing £11m a day against their homes”

Life insurance holders risk leaving money to the wrong people

When was the last time you reviewed the recipients of your insurance policies? Insurance provider Phoenix Life has found that the majority of people have forgotten to update their policies after setting them up. This could result in money going to the wrong people in the result of a payout. Research by Phoenix Life has … Continue reading “Life insurance holders risk leaving money to the wrong people”

UK housing market at a crossroads

The UK housing market is facing a unique combination of pressures, which could have major consequences for first-time buyers and sellers alike. In particular, the long-term trend of climbing house prices may be losing steam – but is this good news or bad news? Five straight months of falling house prices in London is just … Continue reading “UK housing market at a crossroads”

Will your pension be affected by a no-deal Brexit?

What will happen to pensions when we leave the EU? With the possibility of a no-deal Brexit, there is even more uncertainty over retirement funds. We look at how your pension could be affected – whether you have dreams of retiring abroad or staying in post-Brexit Britain. As we near 29 March 2019 – the Brexit … Continue reading “Will your pension be affected by a no-deal Brexit?”

Death in Service vs life insurance: which is better?

Your employer may offer you a benefit known as ‘death in service’, which would pay out to your loved ones if you were to die while employed there. But how does this differ from ordinary life insurance – and is it a substitute? Employee benefits can be a big factor in choosing which company to … Continue reading “Death in Service vs life insurance: which is better?”