GENDER PENSION GAP WIDENS
WOMEN HAVE LOWER PENSION POT SIZES IN EVERY AGE BRACKET The staggering impact of the gender pension gap has been revealed in new research, which shows that women have lower pension pot sizes in every age bracket, with the situation significantly deteriorating as they approach retirement. Worryingly, women on average retire with less than half […]
DEALING WITH DIVORCE
REVOLUTION IN FAMILY LAW FINALLY REMOVES THE NEED FOR BLAME AS A BASIS FOR DIVORCE No one enters into marriage expecting it to end in divorce. However, for many couples, divorce is the sad reality. If you are facing divorce, it is important to know that you are not alone. Each year, thousands of people […]
MORE BRITONS INSURE THEIR HOMES THAN THEIR LIVES
ENSURE YOUR FINANCIAL SECURITY FOR WHEN YOU MIGHT NEED IT MOST There are a number of reasons why you might need life cover and critical illness cover. If you have dependents, then it is important to make sure that they will be financially secure if something happens to you. If you have a mortgage or […]
TAX IN UNCERTAIN TIMES
KEY FINANCIAL CHANGES THAT HAVE AFFECTED MILLIONS OF PEOPLE FROM APRIL Most taxpayers started to see their tax bills increase from April 2022. As we move into the new 2022/23 tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and have considered […]
PASSING ON WEALTH TO THE NEXT GENERATION
30 MILLION PARENTS WANT TO LEAVE WEALTH IN THEIR WILL Millions of Britons say they want to plan to pass on wealth to their children and grandchildren in a Will – but fewer than half have written one, according to new research. Failing to plan to write a Will or complete estate planning could potentially […]
MILLIONS OF MIDLIFERS ARE PROPPING UP THEIR FAMILIES
IMPACT ON WORK, WEALTH AND WELLBEING PUTTING FURTHER PRESSURE ON AGE GROUP The financial decisions made by individuals as they reach retirement could have significant consequences on their finances and standards of living. Midlifers (people aged 40 to 60) are facing a challenging backdrop, with rising inflation and increasing energy bills putting further pressure on […]
‘JOB FOR LIFE’, A THING OF THE PAST
Most Millennials and Gen Z have two or more pension pots If you’ve worked multiple jobs over the years, you may have been auto- enrolled into a number of pension plans by past employers. You might also have a few pension plans that you opened yourself. Keeping track of all your plans’ policy numbers and […]
DISRUPTING SOCIAL PLANS LEADS TO SAVINGS SURGE
Britons saved almost £4bn as a result of the Omicron variant New research has highlighted Britons saved almost £4bn as a result of the Omicron variant disrupting social plans during the festive period. The identification of the new variant and the subsequent surge in positive cases caused many to put festive plans on hold this […]
HOW MUCH DO I NEED TO SAVE TO RETIRE?
Questions to help you live your best life in later life The question, ‘Have I saved enough to retire?’ is a difficult one. It requires a lot of information about you, your family, your income needs in retirement, and an understanding of the various financial vehicles available for saving and investing before it can be […]
IMPROVING YOUR FINANCIAL HEALTH
Staying on track to achieving specific financial goals All of your financial decisions and activities have an eect on your financial health. To help improve your financial health during this period of rising inflation and interest rates, we look at three areas that could help keep you on track to achieving your specific financial goals. […]