How to be a full-time parent with a full-time pension

Imagine working 168 hours a week with no lunch breaks and very little holiday. It should, in theory, mean that you can retire early and comfortably, right? Unfortunately, for the many stay-at-home parents in the UK, this simply isn’t the case. Research shows that full-time mothers and fathers are among those least likely to save for their retirement, leaving them exposed to financial hardship in the future. According to the founder of MummyMoneyMatters.com, Kalpana Fitzpatrick: "Stay-at-home mums are at the highest risk. Saving for retirement is simply not on the agenda, because ...

Report recommends State Pension age to rise to 68 earlier than scheduled

A new report has recommended the age that you can start receiving the State Pension should be increased faster than currently scheduled. The in-depth review, conducted by John Cridland, concluded that the State Pension age should be changed to 68 by 2039; seven years earlier than currently planned. The review ran alongside a study conducted by the Government Actuary’s Department (GAD) which estimated that the State Pension age could rise to 70 by 2054. Mr Cridland, former Director General of the Confederation of British Industry (CBI), raised several key points. Titled The ...

Over 50% of women haven’t started saving for retirement

Over 50% of women haven't started saving for retirement56% of woman haven’t started saving for the future, research conducted by YouGov has recently shown.  The study, commissioned by Scalable Capital as part of their Women’s Initiative, also suggested that 44% of men and women in the UK are concerned about not having enough money for a comfortable retirement. Are women the only ones who aren’t saving? Whilst the survey was intended to research the ways in which British and German women are, or are not saving for their retirement, it also gave an ...

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 ...