News & Insights - Page 15 of 21

Economic Review – August 2020

September 10, 2020

As recent economic statistics confirm the UK officially entered recession, Bank of England (BoE) forecasts suggest the slump will be less severe than previously thought, but the ensuing recovery is likely to take longer.

All

Don’t let the pandemic derail your retirement plans

August 7, 2020

The pandemic is having a far-reaching impact on all aspects of our lives, not least our finances. Although stock market volatility has posed challenges, you must not allow the outbreak to send your retirement plans off track.

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.

All

Be scam aware

August 7, 2020

Several UK bodies, including the Bank of England, National Crime Agency and the Financial Conduct Authority (FCA), have warned people to be particularly vigilant about scams, many of which are targeting vulnerable people, such as those who have lost their jobs or are under greater financial pressure in the current climate.

Protection

Less than a third of first-time parents have life insurance

May 11, 2020

The amount expectant parents are spending on preparing for their new arrival is up 18% since 2012, a study¹ has found. According to the research, the average spend is now £1,645. But there appears to be one thing that the majority of parents-to-be are forgetting – life insurance. In fact, just 27% of new parents are financially protected if one of them were to die.

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.

Managing your Money

For that sense of wellbeing – spring clean your finances

April 9, 2020

In an attempt to understand the connection between wellbeing and wealth, a recent survey¹ asked people how they think and feel about their financial health.

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.

Thought pieces

Spring Budget 2020

March 13, 2020

The Chancellor delivered his Spring Budget on Wednesday. We have produced a review of the key points.

Pensions

Pension allowance breaches surge

March 11, 2020

HMRC data has revealed a significant increase in the total value of pension contributions exceeding the annual allowance, with more and more people falling foul of the complex rules and regulations.