6 tips for creating certainty in retirement

Retirement should be a milestone that’s celebrated. You’ve got more time on your hands to indulge in the things you enjoy. But that doesn’t mean it’s entirely stress-free either. Without your usual wage coming in, you may worry about how you’ll afford to live the lifestyle you want. Spending too much too soon is a real risk in retirement. But so is being overly frugal and missing out on opportunities you’ve been looking forward to. It can mean that a retirement that promised much falls short despite having the funds ...

Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)

Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)There are 11 million members of Final Salary pensions (we’ll use that term for simplicity) in the UK. These schemes provide a guaranteed income, which is usually protected against the ravages of inflation. Consequently, it was normal in years gone by, to leave them in place, indeed, in the vast majority of cases that is still the best thing to do as transferring to an alternative arrangement means losing the guaranteed, inflation-proofed, income. However, the introduction ...

Starting them young – pensions for tots

Pensions and children don’t often share an article. The children don’t tend to like them because pensions are boring, and besides, Peppa Pig is about to start, right? Whilst pensions aren’t the first thing that comes to mind when you start a family, new research shows that a head start can make your little darling over £250,000 better off by the time they are 67. How much?! A study by Retirement Advantage shows that a £100 per month saved on behalf of your child from birth to the age of 18 would grow into ...

It’s a tough time to be self-employed

It’s a tough time to be self-employed 150pxAs the ‘on demand’ economy kicks in and more people become self-employed, we might be forgiven for thinking that now is a golden age for those people who work for themselves. However, new research shows this is anything but true. Lower earnings The Resolution Foundation has revealed that average earnings amongst self-employed workers are lower than they were in the mid 1990s. Their research has found that the number of self-employed workers has risen by 45% since 2001 / 2002 but their average weekly earnings has fallen ...