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Probate delayed by ‘hidden assets’

 August 4, 2021
Probate software specialist Exizent has published its first Bereavement Index*, with some interesting findings. It shows that many people fail to organise their finances before death, leading to stress and anxiety for those left dealing with a ‘financial mess’. According to the research, one in [...]
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Pension savers enticed by ‘risky’ investments

 July 20, 2021
At a time where it is becoming harder to save up adequate sums for retirement, a new study shows that the UK’s low interest rate environment is causing retirees to turn to riskier pension and investment products which could potentially lose them a significant sum. [...]
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Warm outside? Don’t forget about the LTA freeze

 July 14, 2021
Summer, freedom and (hopefully) sunshine are all well on the way, but not planning for the Lifetime Allowance (LTA) freeze could cast a cloud over your finances. For the next five years (until April 2026), the pension LTA will be held at its current level [...]
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Have you updated your pension expression of wishes?

 June 17, 2021
If not, now is the time! Essentially, an expression of wishes allows you to designate one or more beneficiaries whom you would like to inherit your pension. While many people draw up an expression of wishes when they first open their pension, many forget that [...]
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Managing your Money

Self-employed? Engage with your pension

 June 9, 2021
Last year proved to be very challenging for many, with pay cuts and job losses forcing many of us to tighten our budgets. The pandemic highlighted the particular difficulties faced by the self-employed, with many freelancers losing income as companies cut costs and reduced their [...]
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Don’t overdo pension drawdown

 May 17, 2021
With more than half of people in drawdown unaware they can vary their income or stop it altogether1, concerns have been raised that many are draining their retirement savings far too fast. Financial Conduct Authority data shows that the number of pension plans fully withdrawn [...]
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Pensions

The pensions challenges of Gen X

 August 7, 2020
We are used to hearing about the bleak financial prospects of Millennials and Generation Z, compared with their older Baby Boomer counterparts. But we hear comparatively little about the long-term savings position and financial health of people born between 1966 and 1980. A new report1 from the Pensions Policy Institute (PPI) focuses on the potential pension woes of those known as Generation X.
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Pensions

Balancing pension pots

 April 9, 2020
While the gender pay gap is now widely discussed and publicised, the gender pension gap is less prominent, but by the age of 50 women have saved an average of just £56,000 into their pension pots vs £112,000 for men1.
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Pensions

Women have two-thirds less saved at retirement

 April 9, 2020
With people living longer due to higher living standards and better healthcare, people's pension savings are having to stretch further. This is an especially worrying thought for women, who have on average £106,000 less in their pension pots than men when they reach retirement.
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