A third of those planning to retire last year, expected to support their families financially, providing handouts totalling over £3,700 a year, or £311 a month, although 12% expect to contribute £500 or more1. Top priorities for those supporting loved ones include living and accommodation costs. Almost a quarter (24%) will give family members regular […]
Category archives: Pensions & Retirement
People accessing their pensions on the rise
During Q4 2020, more people accessed their pensions and more money was withdrawn, compared to Q4 2019. A total of £2.4bn was withdrawn from pensions in Q4 2020, a 6% increase from the £2.2bn withdrawn in Q4 2019. HMRC data indicates that 360,000 people accessed their pensions in the three months to 31 December 2020, […]
Vaccine sparks optimism among investors
Spring has arrived and, for the first time in what feels like a long while, hope is in the air – and we are all certainly in need of it. Positively for investors, the signs are looking increasingly optimistic, with belief growing that we are making our first steps toward meaningful economic recovery. The rapid […]