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.
4 key ways to prevent your grown-up children derailing your retirement savings
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.
A universal pension lesson: Start saving as early as you can
When it comes to saving for your pension, the old adage repeated to revising students rings true; little and often.
Record numbers make the most of pension freedoms
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.
Why it pays to retire early
Sound financial planning is not only good for your bank account – it could actually improve your life expectancy.
5 pitfalls that put your retirement plans at risk
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 […]
How the gender gap hits women’s retirement savings as well as pay
A recent study has found women are generally less well prepared for retirement compared to men.
Too late to start saving?
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.