Since increased pensions freedoms were established in April 2015, the Financial Conduct Authority (FCA) says that £3 billion worth of annuities have been rejected by over 55s.
The Bank of Mum and Dad is a well-known concept and we all hate to see our children struggle financially, which is why many parents continue to support their children well into adulthood.
When it comes to saving for your pension, the old adage repeated to revising students rings true; little and often.
The people have spoken and they love freedom! Recent figures show withdrawals in the 2017-18 year were worth £6.7bn, the highest figure since the pension freedoms reforms were introduced in 2015.
Sound financial planning is not only good for your bank account – it could actually improve your life expectancy.
Imagine the scene; you’ve spent your life living frugally, saving efficiently and investing wisely. You enter your well-earned retirement financially secure and excited for the years ahead. The future could pan out in one of two ways; the first could lead to continued security and the financial freedom to enjoy your retirement as planned; the […]
A recent study has found women are generally less well prepared for retirement compared to men.
Previous generations saw building a pension as something to do over an entire career, but that is not the case today.
Deciding how and when you should use the income from your pensions is a complicated matter.
When you approach retirement, it’s normal to start thinking about just what you’ll do with the money you saved during your working life.