Life expectancy: Don’t let yourself run out of money too soon

Over-50s could be underestimating their own life expectancy by up to eight years, according to research by Retirement Advantage. The study shows that 78% of people believe their life will be much shorter than official data predicts. Both men and women aged 50 to 64 expect to live until an average age of 82, but according to national statistics, the life expectancy for:   Men is 88 Women is 90 Whilst it may sound like good news to find that you could live longer than you thought, it can be very bad from ...

How to find a lost pension

A pension is a peculiar thing to lose. Most of us regularly misplace our keys, phones and glasses. But, an increasing number of people are losing track of their pensions, according to new research from Aegon. And unlike those pesky car keys or reading glasses that eventually turn up (typically in the last place you’d ever think to look), these pensions remain unclaimed. According to the Government, the total value of these pensions is estimated to be £400 million (Source: Gov.UK). With the average worker now holding more ...

The two reasons why people don’t take financial advice; and why they should think again

The two reasons why people don’t take financial advice; and why they should think againIt is often said that we give advice by the bucket, but take it by the grain. And for good reason, too. Many of us are reluctant to take advice, even when it is in our best interests (ask any Dentist). But what about when the stakes are higher than simply remembering to floss? Would you be as willing to overlook advice if it severely impacted your financial wellbeing in retirement? It’s an abstract danger, admittedly. Many people don’t ...

Tooth fairy encourages savings?

Tooth fairy encourages savingsAnybody who has visited the dentist recently knows that teeth aren’t cheap. However, research from Halifax suggests that teeth are now worth less to the tooth fairy than they previously were, with an average amount of £3.34 per tooth being left under a pillow. This is down from £5.76 per tooth that parents received when they were children. A continued decline at this rate would see the tooth fairy facing extinction in as little as 40 years; an unthinkable prospect for many. Until that happens, it still puts money ...

Millennials see the importance of pensions, but more responsibility is needed

Millennials see the importance of pensions, but more responsibility is neededBorn between 1980 and 2000, the millennial generation has a wide range of stereotypes attached to it. Often considered entitled by older generations and trailblazers for the upcoming ‘Linkster’ generation (the first generation to be linked into technology from day one). But when their attention turns to the serious stuff; like planning for their future, millennials are a lot more switched on than might have been assumed. Research from Prudential has shown that of people in the first 10 ...

We are recruiting: Financial services administrator

Join our teamAn opportunity has arisen for an experienced administrator to join our team. It is an office based, part time role. Hours: 7 hours per day, 3 or 4 days per week. There is some flexibility on exact hours and days Salary: Dependant on experience Holidays: 25 days plus bank holidays (pro rata) Must be available to work additional hours to provide holiday cover for up to 20 days per annum. Responsibilities New business processing, including: Obtaining and completing application paperwork Sending new business to providers Submitting business on main investment Platform Entering business onto ...

Bank of Mum & Dad helping to keep children afloat with ‘living inheritances’

Bank of Mum & Dad helping to keep children afloat with ‘living inheritances’It is well known that the ‘Bank of Mum & Dad’ has turned into one of the UK’s largest lenders, helping thousands of first-time buyers get on to the housing ladder. However, new research has shown just how helpful it has been in keeping Generations X and Y financially afloat. For the uninitiated, Generation X is a term used to group people born between the mid-1960s and mid-1970s, with Generation Y broadly covering the following 10-year period. Financial gifting is ...

Why savers could be mistaken for ignoring Cash ISAs

Why savers could be mistaken for ignoring Cash ISAs Once a firm favourite among savers, new figures from HM Revenue & Customs (HMRC) suggest that the humble Cash ISA is being neglected. As interest rates remain low, the amount of money being paid into Cash ISAs has fallen by a third, despite an all-time high annual allowance of £20,000. With more choice than ever for savers, many are instead opting to store their money in: Stocks & Shares ISAs Traditional savings accounts High interest current accounts The introduction of the Personal Savings Allowance ...

Retirement: The unexpected reason millions plan to downsize

downsizing The concept of downsizing has been around for years. In fact, research shows that many of us are over-reliant on rising house prices to help fund our retirement. However, a new report from Prudential shows that releasing capital isn’t the main motivation for most downsizers. The key figures from the research are: 3.9 million: the number of over-55s who to downsize to a smaller home in later life 47%: The percentage of over-55s who plan to downsize £112,000: The average amount of equity that homeowners will release The main reason for downsizing, is usually thought ...

The value of financial advice

the value of financial advice There are times in life when the advice of an expert is invaluable. Financial advice is often seen as something only for the rich and wealthy, but we know that isn't the case. Advisers can assist with a range of clients from first-time buyers, in their 20s or 30s, to those in retirement (and everyone in between). According to the International Longevity Centre, financial advice can boost your wealth, with the most significant increase in extra income from pensions. With expert advice more accessible and more ...
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