Fewer workers are choosing to give up work on a set date. A study by WTW in its 2024 Global Benefits Attitudes Survey showed that 49 per cent of workers aged 50 or older have either started phasing into retirement or want to do so. What is a phased retirement plan? A phased retirement can take many forms. You may decide to …
Have you thought about how you’ll use assets later in life or what you’d like to happen to them when you pass away? Planning for the future with an estate plan now could improve your long-term security and ensure your wishes are followed. While it can be difficult to think about long-term challenges and understand what decisions are right for …
Two-thirds of families could find themselves in financial difficulty if they face a shock because they don’t have enough saved in an emergency fund, research suggests. Do you have enough saved to cover potential emergencies? An emergency fund is an important part of creating financial resilience. It means you could maintain financial commitments and your lifestyle even if something unexpected …
Experts are predicting that the UK will face a recession in 2023. While it can be tempting to react to this news by changing your investment strategy, sticking to your long-term plan makes sense for most investors. Read on to find out why. Several factors are contributing to economic uncertainty, including high inflation and concerns about energy supply. The long-term …
A Lasting Power of Attorney (LPA) gives someone you trust the ability to make decisions on your behalf if you cannot. This can ensure there’s someone taking care of your affairs and advocating on your behalf if you’re ill or lose mental capacity. Naming an LPA is an important step, and it’s one you should discuss with the prospective person …
After more than a decade of cheap borrowing, interest rates are rising. If you’re paying off a mortgage, making overpayments could save you money. The Bank of England has increased interest rates to tackle high inflation. That means the cost of borrowing has increased and it could mean your mortgage costs you far more overall. If you have a tracker- …
Financial protection can provide valuable security when times are tough. Research from LV= suggests that many people that don’t currently have protection in place would like it. Here’s what you need to know. Nearly 1 in 5 people admitted they would struggle to pay their mortgage or rent if they couldn’t work for two months. With many families just one …
The State Pension is set to increase by a record amount under the triple lock due to high levels of inflation. If you’re claiming your State Pension, read on to find out what it means for your income. While there had been speculation that the triple lock would be suspended this year, the Conservative Party under Liz Truss committed to …
Figures suggest that many households aren’t saving enough to be financially secure in retirement. Calculating what income you’d need to reach retirement goals before the milestone could mean you’re in a better position to reach them. According to a report in PensionAge, only 43% of baby boomer households below the age of 65 are on track to secure a “moderate” …
October can be a scary month; the nights are drawing in and All Hallows’ Eve takes pride of place on the very last day. There is, however, a far more important day that takes place around the same time and very few of us are aware of it. The 30th October is National Pension Tracing Day, I admit it’s not …
