Should you consider a SIPP when saving for retirement?

When it comes to saving for retirement, it can seem like there are endless options to choose between. One you may not have considered is a Self-invested Personal Pension (SIPP). While you typically sign up to a pension through your employer, a SIPP allows you to take more control over your savings as you plan for retirement. It’s essentially a pension wrapper that holds your investments until you’re ready to start withdrawing a retirement income. While a Workplace Pension is also usually invested, where the money is placed will be ...

The foreign retirement hotspots for Brits

Dreaming of spending your retirement somewhere other than the UK? It’s a dream thousands of Brits turn into a reality every year. From the sunny beaches of Spain to cities in the USA, retirees are choosing to spend their years after work in very different locations to where they grew up, with Australia coming out top. Research looking at the top places to head to in retirement analysed where most expats were claiming their State Pension. It discovered more retirees were choosing to head down under, knocking ...

How to take control of your finances and boost wellbeing in retirement

Keeping on top of your finances and feeling in control can be challenging. As you enter retirement, you may have income coming from multiple sources, a portion of your pension still invested, or calculations on how long your money will last for. But it is an important step to take; a lack of financial control can harm your mental wellbeing. Research from Age UK demonstrates the importance of retirees monitoring their money and understanding how secure their income is. A third of those aged over 65 say ...

The gap between retirement dreams and savings

Some retirees could be facing a significant gap between their retirement dream and reality, research from Aviva suggests. While workers are making big plans for the next chapter of their life, some aren’t saving enough now to turn them into a reality. It’s a gap that could lead to disappointment in later years. When thinking about retirement, people often have ambitious plans. After decades of being restricted by work, employees hope to have more freedom to indulge their passions, from visiting new destinations to supporting the next ...