How to be a full-time parent with a full-time pension

Imagine working 168 hours a week with no lunch breaks and very little holiday. It should, in theory, mean that you can retire early and comfortably, right? Unfortunately, for the many stay-at-home parents in the UK, this simply isn’t the case. Research shows that full-time mothers and fathers are among those least likely to save for their retirement, leaving them exposed to financial hardship in the future. According to the founder of MummyMoneyMatters.com, Kalpana Fitzpatrick: "Stay-at-home mums are at the highest risk. Saving for retirement is simply not on the agenda, because ...

Pensions: 6 reasons why transferring your Final Salary pension is probably a mistake

6 reasons why transferring your Final Salary pension is probably a mistakeIf you are a member of a Final Salary pension scheme you have probably been the envy of your friends for the past few years. Whilst you have the knowledge that your pension is guaranteed, and will probably rise each year in line with inflation, they have had to put up with volatile stock markets and plummeting Annuity rates. But this year the tables have turned, ‘Pensions Freedom’ will give everyone greater access to their pension pot; except of course those ...

Auto Enrolment: Why pension providers don’t want your business and how it will end up costing you

Why don’t pension providers want your business And how could it cost you moreFor most businesses turning down a new sale, order or contract would be pretty unusual, but that’s exactly what many pension providers are doing right now. One of your duties as an employer is to select a pension scheme into which you will automatically enrol your members of staff who qualify. When it comes to choosing a Personal Pension or perhaps a Self-Invested Personal Pension (SIPP) for yourself, no provider would ever turn you down. But when it ...

Retirement: What happens to your pension when you die?

iStock_000008144528XSmallOne of the reasons people often decide not to pay into a pension, is the thought of losing it all when they die. Indeed, this very question was raised on one of our articles only last week: “Hi, if I buy a commercial property with my SIPP, who will own the property when I die? I was informed that it would then be transferred to the pension company!!!!! I’m sure that can’t be right, however, I would like to know the best ...