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, 2 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 back-office system ...

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 ...

How can you stop your pension running out?

Do you know how much the current State Pension is? It must be enough to live on, surely? It is often reported that people are ill-prepared for their retirement, and for good reason. Research from Scottish Widows suggests that nearly one in five of us aren’t saving enough into a pension. Many are increasingly relying on the State Pension to fund their retirement, but this is a risky plan. It was announced in July that the State Pension Age will increase seven years early, affecting over seven million people. Taking control of your ...

Should you use your pension to pay off your mortgage?

Close your eyes and imagine receiving a large amount of money. What do you see? What does it buy? The exact amount will dictate what is possible, of course. But, many would pay their mortgage off before dreaming of shiny new cars, skiing holidays, or for the more frugal, maybe a new… toaster? Whatever the money will be spent on, repaying your mortgage is often the first thing on people’s minds. And for good reason; those monthly mortgage payments are often the main reason people can’t give up work early (or at all, ...

Which is more important; health or wealth?

Some want a six-figure pension pot; others are more focused on getting a six pack. Turning 40 affects people in different ways, but the urge to pay more attention to health or wealth is a common one. Whilst saving for your future is massively important, research from Prudential suggests that more over 40s are improving their health than their financial security. Taking steps to become healthy in retirement undoubtedly has its benefits, but why aren’t people making their financial stability a priority? What concerns do over 40s face? In a study of 1,057 adults ...

Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)

Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)There are 11 million members of Final Salary pensions (we’ll use that term for simplicity) in the UK. These schemes provide a guaranteed income, which is usually protected against the ravages of inflation. Consequently, it was normal in years gone by, to leave them in place, indeed, in the vast majority of cases that is still the best thing to do as transferring to an alternative arrangement means losing the guaranteed, inflation-proofed, income. However, the introduction ...

Why Pension Freedom is costing retirees millions of pounds

There’s no doubt that Pension Freedom has helped many people retire early, as well as taking money from their pension in a way which suits them. It isn’t all good news though. New figures show that despite the increased flexibility, those people who buy an Annuity are still losing out on millions of pounds each year. Research reveals losses The research from Retirement Advantage, shows that in the two years since Pension Freedom started: 50% of people buy their Annuity from their current pension provider Not shopping around will cost pensioners £765 million over ...
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