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 ...

Starting them young – pensions for tots

Pensions and children don’t often share an article. The children don’t tend to like them because pensions are boring, and besides, Peppa Pig is about to start, right? Whilst pensions aren’t the first thing that comes to mind when you start a family, new research shows that a head start can make your little darling over £250,000 better off by the time they are 67. How much?! A study by Retirement Advantage shows that a £100 per month saved on behalf of your child from birth to the age of 18 would grow into ...

Brexit: Keep calm and carry on

exit from the eurozoneIt’s true to say that, whichever way you voted, In or Out, most of us were surprised by the EU referendum result, especially after the final opinion polls (as well as the bookmakers) suggested that Remain would be victorious. However, the reality was of course a victory for the Leave campaign. A few days later, as politicians try to navigate unchartered waters, Sterling weakens and stock markets fall, you can be forgiven if your thoughts turn your own personal finances. The next few weeks will be characterised by a ...

Savings: Revealed, the mistake nearly 50% of savers make with their cash

Revealed, the mistake nearly 50% of savers are making with their cashA new survey has found that almost 50% of people hold their savings in deposit accounts, preferring the security of a bank or building society to investing. With interest rates still at an all-time low, and well below the rate of inflation, holding so much capital in deposit accounts could be a costly mistake for many savers. The survey of 2,000 people, conducted by True Potential found that: Only 11% of people invest their spare capital in stocks and shares More men, 14%, ...