HMRC estimates that affected women could be owed an average of £5,000 eachThousands of mothers who have missed out on their full State Pension entitlement due to calculation errors have begun receiving letters from HM Revenue & Customs (HMRC) to address this...

Becoming a UK expat can mark the start of an exciting chapter, but what about your pension?In recent years, the rise in remote work, significantly accelerated by the global pandemic, has given many individuals the flexibility to work from virtually anywhere. Coupled...

Why UK retirees are working seven years longer than plannedMore than half (54%) of UK retirees foresee themselves working beyond their preferred retirement age, extending their careers by an average of seven years, according to a new report[1]. This concerning trend...

Essential key considerations and potential pitfalls you need to knowWith interest rates much higher than they’ve been for many years, using your pension tax-free lump sum to pay off your mortgage might initially seem prudent. Reducing your monthly outgoings can be...

Understanding your workplace pension options to navigate your next steps confidentlyRedundancy can be challenging and stressful, often creating uncertainty about the future. However, it can also signal the beginning of a positive new chapter in your life. For many,...

The vital role of Wills in estate planningLegacy planning holds different meanings for different individuals. For some, it is about ensuring their loved ones are financially secure; for others, it involves safeguarding cherished possessions or supporting charitable...

Delayed life milestones and lack of planning pose significant risksNew research has revealed that five million childless households in the UK currently lack life insurance, pensions or savings[1]. This alarming statistic underscores a broader shift in how families are...

The imperative of collective action and responsible investmentWhat we do collectively this decade – including how we invest – could mark the difference between starkly different futures. Our actions now will determine whether we face a future plagued by environmental...

How to make future aspirations more attainable and less stressfulSaving can bring you a level of financial freedom that transforms your life. By putting money away regularly, you create a financial cushion that can support you through emergencies, help you achieve...

Do you have potential shortfalls and need to address these gaps?First and foremost, let’s explore how your pension operates. When you contribute to a personal or defined contribution workplace pension, your payments are invested in various investment funds. As you...

Two-thirds of people in the UK will care for a loved one at some pointWith life expectancy rising and more people starting families later, around 1.3 million individuals in England and Wales now have caring responsibilities for older and younger dependents. If this...

Contemplating a return to work after a significant absence or considering a phased return?In what some call ‘The Great Unretirement’, many retirees are re-entering the workforce. The reasons for this trend are as varied as the individuals themselves, but the rising...

Aligning investments with risk tolerance and capacityInvesting is an indispensable tool for building wealth and achieving financial goals. By allocating resources to various investments, individuals can accumulate wealth over time through capital appreciation,...

Grappling with a workforce sickness epidemic and long NHS waiting timesWith 2.81 million people in the UK now away from work due to long-term sickness, ensuring employers offer comprehensive health benefits is becoming increasingly critical. This approach is essential...

Juggling careers, family care and financial pressure amid rising costs and wealth transfersIncreasing longevity and evolving demographics have left many middle-aged individuals juggling careers with caring for both ageing parents and children. This issue is...

Helping you feel more prepared for this stage of your lifeIf you are in your 40s or 50s, you have likely contributed to a pension for quite some time. Over the years, you may have accumulated multiple employer workplace pensions. However, when did you last thoroughly...

What it could mean for your financesOn 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget Statement 2024, accompanied by a comprehensive fiscal statement from the Office for Budget Responsibility (OBR). This significant event comes as...

Should you consider estate planning and gifting for future generations?As we age or accumulate more wealth, protecting and preserving our assets for future generations becomes increasingly essential. This process, known as Inheritance Tax (IHT) planning, estate...

Essential tips for mothers balancing family and financesBalancing the many responsibilities of motherhood can be overwhelming, often pushing long-term financial planning onto the back burner. However, effective financial planning is essential for everyone, and as a...

Protect your savings! 7.3 million UK adults encountered an attempted scam in the past yearAround 7.3 million UK adults, or one in seven, encountered an attempted pension scam in the past year. Alarmingly, 14% were targeted through unsolicited calls, texts or emails,...

How retirees are impacting their financial future by accessing pension pots too soonMore than three-quarters (78%) of retirees have already dipped into their pension pots by the time they retire, according to recent data[1]. Of these, more than half (52%) withdraw...