Pensions: 45% of people have never reviewed their pension

A new survey has shown just how few people ever review their pension and that an increasing number are turning to friends and family for financial advice. Whilst the research, carried out by the investment firm Baring Asset Management, showed that the majority of people, who have not yet retired, recognised that it was important they understood how their pension was invested, a large percentage of people had never actually reviewed their pension. Attitude to risk Have you reviewed your pension?...

SIPPs: Interest rates on SIPP deposit accounts fall, what are your options?

As banks come under increasing pressure to reduce mortgage rates, interest rates on SIPP deposit accounts have fallen steadily over the past couple of weeks. We know many investors only hold Cash in their SIPP, the recent rate cuts could therefore cause significant financial pain especially when existing rates mature and the number of competitive accounts are limited. So, if you are a SIPP cash investor, what can you do to improve the return? 1. Fixed rates Need advice on your SIPP?...

Protection: Whether you are single, a couple, married, or have children. What personal insurance do you need?

Whether you are single, a couple, married, or have children. What personal insurance do you need?We know that personal insurance is never going to be the most interesting of subjects, that is until you are ill or die, and additional income or capital would have come in handy. Insurance is a complex world, so we thought we’d put together a simple guide, looking at what type of personal insurance you need, depending on your personal circumstances. Our ...

Business: 6 personal finance tips for small business owners

For most small business owners the health of their personal finances is closely linked to those of their business. When business is good your personal finances will look good, conversely when trading is tough your personal finances might take a hit. Based on discussions we have with our clients who run small businesses we’ve put together six tips for business owners to help keep both your personal and business finances healthy. 1.    Get your income strategy right Are you a business owner looking ...