Is pausing my pension a good idea? Taking a pause from paying into your pension can look tempting. Notably, pension contributions aren’t mandatory in the UK. Also, it could be ages before you need to access your pension.
Track a lost pension. On average, per UK adult, it is believed that roughly £13,300 is sitting in three ‘lost’ pensions. Also almost 80% do not know how to begin tracking down a lost pension.
HNW individuals reviewing their wealth planning. New research from Rathbones reveals almost half of HNW (45%) have reviewed their wealth planning in the past year.
Adults with a mortgage without life insurance. Almost three in ten (28%) of young adults, between the age of 18-40 with a mortgage do not have life cover. Critically should they die they have no monetary protection for their families.
Pensions boosted in Q1 2024. Pension savers increased their average quarterly contributions by 63% in Q1 2024 compared to Q4 2023. Moreover, as the end of the tax year drew closer, according to new analysis.
Retire earlier with a financial adviser. Almost half (45%) of clients believe they will retire earlier with a Financial Adviser. Consequently, it is estimated that 48% will retire by at least 60 years old. Research from Investec Wealth & Investment UK has revealed.
5 reasons to set up a Lasting Power of Attorney. There are two types of LPA (Lasting Power of Attorney) :- ‘Property and Financial Affairs’ and ‘Health and Welfare’
Potential gaps in Critical Illness Cover (CIC). The top reason for purchasing life insurance is to provide financial security and protection for loved ones. However, recent research revealed potential gaps in understanding that could leave consumers unprotected.
How do you choose an IFA? The results from a recent survey highlighted that reputation and credibility are the most important criteria when selecting an Independent Financial Adviser.
Should you defer your pension? According to research from the Centre for Economics and Business more people are staying in work for longer. Notably around 8% of people aged over 66 are still in employment. This figure is set to rise to 11% by 2030.