In the ever-evolving landscape of retirement planning, a significant shift is on the horizon that could potentially impact when you can access your pension funds. The normal minimum pension age (NMPA), or the age at which you can start withdrawing from your pension savings, is currently set at 55. There are a few exceptions to…
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With the ever-evolving landscape of investment, it’s not hard to see why it might appear daunting. The investment world is equivalent to a living, breathing entity constantly evolving and changing. It’s a landscape that never remains static, mirroring the dynamic nature of global economies and financial markets. Market conditions are like shifting sands, unpredictable and…
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Many parents and grandparents set aside money for the next generation to help with their financial needs. The rising cost of education, housing, and life in general, has created concerns about financial stability for future generations. Increasingly, parents and grandparents want to ensure their children and grandchildren have the financial resources to navigate these challenges…
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Retirement planning is of the utmost importance, regardless of your income or wealth. It ensures a steady income stream after retirement and provides financial security for you and your loved ones. Retirement cash flow modelling can provide numerous benefits to individuals seeking financial security and planning for the future. By assessing your current and projected…
Continue ReadingI joined Thorntons as an apprentice in 2016, as a young 19-year-old, starting my first full time role. At this point, retirement seemed a million miles away – it still is! At this age, priorities were different, and the thought of giving up part of my salary to save for an event to occur in…
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Financial planning can be a daunting and uncomfortable conversation for many, but thankfully attitudes towards talking about money are changing. Wealth succession should be an integral part of your financial plan as early as possible – because the right preparation now can have positive long-term impacts on future generations. Despite the uncertain economic climate, families…
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When it comes to managing your finances, the wealth of resources now available can make it easy to try and go it alone. However, obtaining the right advice from a qualified professional financial adviser will ensure you are able to plan ahead by including expectations for items such as inflation, market declines and your protection…
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There are a number of strategies that individual investors can use to take less risk when investing. Diversification is one approach that can help to mitigate the effects of volatility in any one particular asset class. Diversification is a key principle of sound investing, as it allows investors to spread their risk across a number…
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1. Review your spending habits and consider if you have the scope to save a little more each month. 2. Look up your annual benefit statements – you may have saved with more than one employer’s pension scheme. 3. Think about what financial milestones you’d need to reach in order to increase your pension…
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Rising living costs have been so significant in recent months that most UK households will have noticed a squeeze on their monthly budgets. Not only does this have a direct impact on people’s lifestyles, even though they are making every effort to cut back, but it has a knock-on effect on their lifelong goals such…
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