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 […]
Category archives: Pensions & Retirement
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 […]
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 […]
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 […]
Great expectations as a new year dawns
We could be forgiven for focusing on life’s trials and tribulations heading into 2022, given the challenges that we’ve faced over the last couple of years. Despite inflation-related concerns, new COVID variants and supply chain disruption, which may be disconcerting for investors, there are indications that the coming year will present opportunities as well as […]
Blocking out ‘noise’ for the good of your portfolio
It’s so easy to feel overwhelmed by the endless barrage of negative news or ‘noise’, which can stoke anxiety about the performance of your investments and doubts over whether your investment strategy is on course. Learning to block out this noise, which may influence hasty or erratic investment decisions, is essential. By keeping a record […]
Financial advice and wellbeing: a match made in heaven
Recent research has found that those who receive professional financial advice are four times more likely to enjoy high levels of financial wellbeing1. In addition, clients who take advice build up three times more pension wealth on average (£246,000) than those who don’t (£95,000). Advised clients also accumulated more than double the non-pension savings (£65,000) […]
Becoming a financial wellbeing ‘all-rounder’
Financial wellbeing is closely aligned with the control people have over their financial future. People with high levels tend to meet their long-term financial goals and have a clear idea about what makes them happy and what they want from life. This allows them to identify and achieve more meaningful life goals before and during […]
A lifetime of investing
As we move through life, our plans and goals will inevitably change. This also goes for our investment strategies, which need to flex and adapt as we move through the decades. Your twenties and thirties The financial decisions we make in early adulthood set the foundations for the rest of our lives. At this stage, […]
Sudden Wealth Syndrome: coping with a windfall
You’d be likely to feel happy and excited if you received a large windfall suddenly or unexpectedly. Whether you’re receiving an inheritance, have become a successful entrepreneur, or perhaps you’re selling your business, the reality is that for many, sudden wealth can feel overwhelming. It can even result in a recognised psychological condition called ‘Sudden […]