Over the last two years, investors have experienced a lot of volatility. If you’ve been tempted to change long-term plans, data can highlight why you shouldn’t panic. At the start of the Covid-19 pandemic, markets fell sharply, and investors continued to experience volatility as the situation and restrictions changed. Just as things were slowly getting back to “normal”, tensions with …
If you’re nearing retirement, you may be starting to think about planning the next stage of your life. What steps spring to mind? You may prioritise organising your pension, claiming your State Pension, or reviewing how much you have in a savings account. These steps are important for creating security, yet good retirement planning goes further than your finances. So, …
If you opened a defined contribution (DC) pension in the 1990s or 2000s, the charges you’re paying could be higher than comparable pensions opened more recently. Between now and your retirement, the difference could add up to thousands of pounds. Research conducted by the Institute for Fiscal Studies found that many older DC pensions deliver “poor value for money”. Among …
At the end of 2021, the Bank of England (BoE) raised its base interest rate from 0.1% to 0.25%. Then, the Bank increased the rate further in February to 0.5%, and now it has increased again to 0.75%. While the changes may seem small, they can have a significant effect on your mortgage – and further increases could happen this …
Financial protection can provide you with a lump sum or regular income when you need it most, for example, if you’re unable to work due to a long-term illness. Research finds it’s something many people are putting off because they deem it too expensive, but you might be surprised by how affordable it is. According to a report in Professional …
The latest figures from the Pension Regulator prove that pension auto-enrolment has been a success – more people than ever are saving into a pension. Yet, research also shows that many people don’t think they know enough about saving for retirement. Before the government introduced auto-enrolment in 2012, just 4 in 10 private sector workers were actively saving into a …
As you may know, inflation (or the “cost of living”) has been rising at a faster pace than usual. If you’re retired, the effect of inflation can be more pronounced and it’s important to understand how it could affect your lifestyle now and in the future. The Bank of England (BoE) aims to keep inflation at 2% a year. However, …
Whether you plan to purchase a fixer-upper or want to take on a project in your current home, a renovation can help you put your stamp on a property and increase its value. If you’re taking on a large-scale project, here are 10 tips to help you stay on track and achieve your goals. 1. Commit to a full building …
Being diagnosed with cancer can mean facing physical and mental challenges, but research finds that many patients also face financial obstacles. Research from Macmillan Cancer Support found that 83% of people with cancer in the UK experience some kind of financial impact from their diagnosis. More than 1 in 3 patients said their finances were severely affected. At a time …
As you start to put winter behind you, you may be thinking of giving your home a spring clean or the projects you want to take on over the next few months. As you do, don’t forget to think about your finances. Regularly reviewing your finances and plans for the future can help keep you on track. It can provide …
