Long term care: 7 myths and the reality

iStock_000016454287_ExtraSmallThe subject of paying for care in old age is never far from the headlines. As with most financial matters, some opinions are treated as fact and many are less than accurate. We’ve pulled together the top six myths about long term care and tried to explain the reality. Myth #1: “I’ll pay nothing for my care after the first £72,000.” Following the Dilnot Commission’s recommendations, the Government has proposed a ‘care cap’ of £72,000. However, this has led some people to mistakenly believe ...

Pensions: The press, the myths and the reality

iStock_000016454287_ExtraSmallOne of the joys of the internet and social media is that it allows people to exchange their views more freely. However, this new found freedom can allow misinformation and urban myths to be treated as fact; nowhere more so than when pensions are being discussed. We thought we’d have a bit of fun, by analysing some of the comments posted in response to online articles, in various national newspapers. “With Annuity rates around 5% what incentive is there for people to pay into ...

Pensions: 6 pension myths exposed

You don't have to look far to find some pretty negative comments about pensions. Any article in the mainstream press discussing pensions is usually followed by some very negative and often ill-informed comment about pensions; these are just a few we have found: “Pension plans should come with a warning that contributors will probably not get back the money they invest because the rules are devised to benefit the pensions industry at the expense of pensioners” – Telegraph online 14th October 2012 “This is precisely why no one and I mean no one should invest in any form of pension. All pension ...