Why it’s important to prepare younger generations for retirement

We hope you feel confident in your financial security, including the provisions you’ve made for retirement. But have you ever spoken to your children or grandchildren about their pension or retirement plans? Research suggests their expectations could be far higher than the reality. According to a report from Scottish Widows, the average worker in their 20s faces an annual shortfall in retirement income amounting to £6,500. It’s a sum that could have a significant impact on financial security or affect retirement plans. The gap will be even wider ...

Savings: Do you save more or less than the average family?

iStock_000007329749MediumMost people like to know how they compare to others, so when it comes to saving money each month, do you put away more or less than the average amount? Legal & General have surveyed 625 families all with children under the age of 10 for their ‘Nearest and dearest families facing tomorrow’ report. The results make fascinating reading:   Our advisers can help you get your savings working harder ...

Protecting your family from financial catastrophe – the excuses and the reality

Parents Holding Hands with Kids in FrontNew research from LV= has shown that the cost of raising a child, from birth until they reach 21, has risen to £227,266. The rising cost of childcare is one of the main factors, whilst many families have been hit hard by the changes to Child Benefit. Indeed, 25% of mothers have returned to work sooner than they would have liked to because of the changes and 20% of parents have ...