As well as being a season of hope and renewal, spring is also viewed as the ideal time to declutter and reorganise. The last couple of years have taught us the importance of achieving balance in our lives – this extends to our finance too, making now an opportune time for investors to review and […]
Category archives: General Financial News
Preserving your retirement from the risk of mental decline
Many of us can now look forward to a longer retirement, due to increased life expectancy, however this unfortunately comes at a cost. The prevalence of age-related cognitive decline is on the rise, which could leave us vulnerable to costly financial errors. There are nearly 885,000 people living with dementia in the UK1, with estimates […]
The ‘Late Financial Bloomer’ faces a complex retirement journey
A new group of consumers, dubbed the ‘Late Financial Bloomers’ are set to change the face of retirement1. An array of socioeconomic factors, such as later home ownership, are the primary drivers behind this shift. Divorce and marriage trends are also key contributors, as is later childbirth. First marriages now take place four years later […]
Investment terms trigger stress reaction
The common use of jargon can make investments and pensions seem impenetrable and intimidating. If the thought of words such as ‘Equities’ and ‘Investment ISAs’ gets your heart racing, you’re not alone: new research1 has shown that financial terms really can make people feel anxious. How can this be tested? Researchers used a variation of […]
Climate disclosures top corporate agendas in 2022
Regulators have been urged by the IMF to do more to prevent financial companies from making misleading claims concerning their environmental credentials – ‘Proper regulatory oversight and verification mechanisms are essential to avoid greenwashing.’ To achieve the expansion needed to reach the target of reducing worldwide carbon emissions to net zero by mid-century, will require […]
Making savings for your children work
Many parents are keen to give their children a flying start financially by putting aside money throughout their childhood. Mums have been shown to be more likely to take the lead in this area, with most savings being held in cash products, such as cash Junior Individual Savings Accounts (JISAs) or premium bonds. Mum’s the […]
Consumers and investors tune in to tackle climate change
More than half (57%) of consumers want their pension to be invested responsibly to help tackle climate change, but only one in seven people who have a pension have taken steps to invest it responsibly1. Climate change and the environment are bigger concerns for most people than COVID-19 or the economy, according to a new […]
Gen up to protect yourself from pension scams
With pension scam losses totalling millions each year, good news came in November, when new regulations came into force to protect pension savers and stop suspicious scam transfers. From 30 November 2021, pension trustees and scheme managers received new powers to intervene. Previously pension providers were not allowed to refuse to carry out a transfer […]
Lights, camera, action!
Did you know that Jackie Chan’s stunt team has been blacklisted by all insurance companies, leaving Chan to pay out himself for any injuries? Fortunately, for most people it is considerably easier to get covered, so there is no excuse to be uninsured. Over a third of people say they are more likely to buy […]
Time to consider external factors
The Autumn Budget may have left a sense that nothing much had changed in the realm of personal financial planning, as no major changes to Capital Gains Tax, Inheritance Tax, Income Tax or pensions, were announced. Despite this, a prime consideration needs to be how external factors such as frozen rates and higher inflation, could […]