{"id":21709,"date":"2024-01-16T13:26:13","date_gmt":"2024-01-16T13:26:13","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=21709"},"modified":"2024-01-16T13:51:14","modified_gmt":"2024-01-16T13:51:14","slug":"planning-to-secure-your-financial-future","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2024\/01\/16\/planning-to-secure-your-financial-future\/","title":{"rendered":"Planning to secure your financial future"},"content":{"rendered":"
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Over the past 12 months, the cost-of-living crisis has put significant pressure on household budgets and knocked many people\u2019s confidence in their future financial prospects. Research, however, shows that planning is a key driver of positivity about our financial futures; so, as a new year dawns, now seems the perfect time to take stock of your finances and formulate a plan to help you achieve your retirement goals.<\/strong> <\/p>\n<\/div>\n\n

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Plan, plan, plan<\/strong> <\/p>\n<\/div>\n\n

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Although decisions around retirement are arguably the most critical people have to make during their whole lives, research\u00b9 suggests only half of over-50s with pension entitlements other than the State Pension have actually formulated a detailed plan. Perhaps unsurprisingly, it also found that those with a plan were much more confident about securing a comfortable retirement than those who do not have one. <\/p>\n<\/div>\n\n

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Gender gap<\/strong> <\/p>\n<\/div>\n\n

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The research also found clear evidence of a gender gap with men generally more confident about their prospects for a comfortable retirement than their female counterparts. It also found that the <\/p>\n<\/div>\n\n

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cost-of-living crisis has been a key driver of low confidence, with half of the sample stating that it has either slightly or significantly worsened their chances of a comfortable retirement. <\/p>\n<\/div>\n\n

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Triple default trap<\/strong> <\/p>\n<\/div>\n\n

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People without a plan are also more likely to get stuck with their default pension settings. Recent years are thought to have seen a sharp rise in the number of triple defaulters who \u2018set and forget\u2019 their pension choices, with millions of auto-enrolled 32-40 year olds failing to update their contributions, investment choices or target retirement age. Even relatively small tweaks to one or more of these default choices could potentially boost a pension pot by thousands of pounds. <\/p>\n<\/div>\n\n

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Here to support you<\/strong> <\/p>\n<\/div>\n\n

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The evidence clearly shows that formulating a plan is the key to boosting confidence in your financial future. So, let\u2019s kick off 2024 on a positive footing \u2012 get in touch and we\u2019ll help you develop a plan capable of securing the rewarding retirement you deserve. <\/p>\n<\/div>\n\n

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1<\/sup>Nucleus Financial Platforms, 2023 <\/p>\n<\/div>\n\n

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The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.<\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Over the past 12 months, the cost-of-living crisis has put significant pressure on household budgets and knocked many people\u2019s confidence in their future financial prospects. Research, however, shows that planning is a key driver of positivity about our financial futures; so, as a new year dawns, now seems the perfect time to take stock of […]<\/p>\n","protected":false},"author":4,"featured_media":21717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/21709"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=21709"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/21709\/revisions"}],"predecessor-version":[{"id":21718,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/21709\/revisions\/21718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/21717"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=21709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=21709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=21709"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=21709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}