Have you chosen the right way to save for retirement?

Have you chosen the right way to save for retirement?With the State Pension currently worth a maximum of £155.65 a week, making additional provision for your retirement is essential if you want the financial freedom to enjoy your later years. Saving for retirement doesn’t need to be complicated, although it’s always helpful to pose some key questions, for example: How much will you to need to live on? How long do you have to save for retirement? When do you want to retire? How will inflation affect you? Will you qualify ...

The dirty dozen: 12 early warning signs an investment is a scam

HiRes 150pxHardly a week goes by without the financial press reporting another huge fine for a bank, an investment that has failed, or a ruling by the Financial Ombudsman Service in favour of an investor. So how do you spot a scam? What are the tell-tale signs? How can you avoid losing your life savings? Here are the dirty dozen, 12 early warning signs to look out for: #1: Cold callers and unsolicited texts Receiving an unsolicited call or text message, which offers you an investment opportunity or a “free pension review” (more ...

Savings: The ‘nicer’ ISA is coming soon, 6 reasons you can’t afford to miss out

27The Individual Savings Account, or ISA for short, has become hugely popular since it was introduced in the late 1990s. But from 1st July ISAs are changing. Firstly they will now be called the New ISA or NISA for short. But far more importantly there are other changes, which will bring huge opportunities for savers. So what’s changing? How can you benefit? What action do you need to take? We’ve got all the answers right here. #1: Limits are rising Currently you can pay up to £11,520 into an ISA, but from 1st July the ...

SIPPs: Thinking of transferring to a new SIPP? 7 things you must consider

iStock_000012131139XSmallThe pace of change in the SIPP (Self-Invested Personal Pension) market can leave you feeling breathless. So far this year we’ve seen one SIPP provider freeze their fees for the next two two years (Liberty), another impose limits on commercial property purchase (Hornbuckle Mitchell), whilst a third has hiked fees for property purchase (Friends Life). At the same time, execution only SIPPs, Hargreaves Landsown, Best Invest and so on, have announced new charging structures following the ...