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 [...]
Read more
All

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 Financial Conduct Authority data shows that the number of pension plans fully withdrawn [...]
Read more
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.
Read more
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.
Read more
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.
Read more
Pensions

Work for yourself? Make your pension work for you

 February 20, 2020
Self-employment offers many benefits: being your own boss and having the flexibility to choose your working hours being but a couple of examples. But when it comes to pensions, those who work for themselves are finding they’re at a disadvantage. Research1 has revealed that, although [...]
Read more
Pensions

Drawdown retirees unaware of income flexibility

 December 12, 2019
A YouGov survey commissioned by Zurich1 has revealed that most retirees in drawdown are unaware they can vary their level of income. And, perhaps unsurprisingly, the research also found those not receiving financial advice were more likely to be in the dark. Importance of advice [...]
Read more
1 2 3 4 5