The world of pensions can look complicated from the outside, and there are plenty of questions people want to ask but never do. Outlined below are some of the questions people want to ask but for whatever reason, may not. When should I start saving for retirement? The simple answer is as soon as you…
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The National Institute of Economic and Social Research (NIESR) has issued a stark warning. If no action is taken, the government is likely to miss its fiscal rule, which requires that day-to-day spending is covered by tax receipts of a significant £41.2 billion by 2029/30. To stay on track, Chancellor Rachel Reeves will need to…
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Whether you’re employed, a partner or self-employed, you can contribute to a pension. Employers are legally required to provide workers with access to a pension scheme, while anyone self-employed or unemployed, who cannot invest in an occupational plan, can pay into a personal pension, such as a SIPP (Self-Invested Personal Pension) or a stakeholder policy….
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Estate planning has always been pivotal in managing how wealth is passed on, but changes to pension rules from 6 April 2027 will reshape the landscape. Historically, pensions have served as both a source of retirement income and a tax-efficient tool for intergenerational wealth transfer. However, as pensions will, from 2027, form part of the…
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Millions of UK adults are approaching retirement guided more by intuition than by careful planning, according to recent report findings[1]. The research reveals that one in six people (16%) rely on gut instinct to determine how much they will need for a financially secure retirement. Alarmingly, nearly two in five (39%) have not calculated their…
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Recent data highlights a growing concern about the affordability of care and the maintenance of independence in retirement. Research has shown significant worries among UK adults regarding how they will finance care needs and medical expenses in later life. According to the findings, more than two-thirds (67%) of adults in the UK are extremely…
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When it comes to investing, young women are noticeably lagging behind their male peers. Recent data paints a stark picture, revealing that only one-third (34%) of women aged 18-24 are investing their money outside of pensions[1]. By contrast, nearly two-thirds (64%) of young men in the same age group are choosing to invest, highlighting a…
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Transferring wealth to the next generation is one of the most important financial decisions you will make in your lifetime. The assets you have carefully built over the years – whether they are property, investments, savings or sentimental items – are a testament to your hard work and dedication. Naturally, you will want to ensure…
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It is clear that enjoying a comfortable retirement is a common goal for many people. However, achieving this requires addressing difficult questions about your savings and vision for retirement. Contributing to a pension is essential for future planning, but how can you assess whether you are on the right track? Here are insights to help…
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It is easier than many people realise to lose track of an old pension pot. Changes and milestones in life, such as starting new jobs, moving houses or even changing your name, can make it challenging to keep track of your retirement savings. It is estimated that £26 billion in unclaimed pensions awaits reunion with…
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