Guest Blog: ‘Approaching retirement? Be sure to avoid the biggest financial mistake of your life.’

Guest blogJulian Knight, Personal Finance Editor of the Independent on Sunday, writes exclusively for Investment Sense: The majority of people should seek advice when purchasing an Annuity, says Julian Knight, personal finance editor of the Independent on Sunday. Not to do so could severely impact their retirement. It’s one of the biggest financial decisions you can make but many people spend no more than a few minutes signing on the dotted line....

6 financial resolutions for the New Year

6 financial resolutions for 2012After you've gorged on turkey, Christmas pudding and mince pies, opened your presents and watched the inevitable reruns of perennial Christmas favorites on TV, your thoughts might drift to 2013 and what the New Year has in store. Why not take some time over the break to plan your finances for 2013? Our six financial resolutions should give you some inspiration. 1. Set your goals This doesn’t have to be as grand as it sounds, but as we start the New Year, think back to ...

SIPPs: Reaction to FSA capital adequacy proposals

Reaction to FSA capital adequacy proposalsThe FSA (Financial Services Authority) released proposals last week which, if implemented, could lead to bespoke SIPP (Self Invested Personal Pension) providers having to hold significantly higher reserves of capital. The FSA has decided that current rules do not provide adequate protection for customers should a SIPP provider fail.  Under the new rules, providers will have to set aside more financial reserves.  These reserves would be called upon to pay for the winding down, or transfer, of their SIPPs, in ...

6 Financial tips for parents by Bev Stoves

Having two young boys myself I am fully aware of the calls on the time of parents. The school runs, sports clubs, ferrying them from A to B or just sitting them down to complete their homework all takes time, leaving very little for other important things, including what we rather grandly call 'financial planning'. I've therefore put together a few quick financial hints and tips for parents. They are all pretty common sense, but I can almost guarantee that no parents reading the list will have done everything on it; if nothing else hopefully this article will act as a ...