Sharing values and encouraging children to formulate their ownHaving a conversation with children about money early on helps them to build financial confidence and learn foundational principles that will be useful for years to come. It also allows parents to share...

What you need to know to avoid discrepancies and potential financial strainAccording to research[1], almost a third of UK adults who have checked their tax code (31%) have found that they have been on the wrong one at some point. Additionally, one in six (15%) UK...

Why the concept of a ‘hard stop’ retirement is becoming less prevalentNew research reveals that more than a quarter (28%) of individuals aged 25 to 54 do not foresee a complete retirement in their future[1]. This suggests the concept of a ‘hard stop’ retirement is...

What payments can you expect to receive from the government later in life?In April 2024, the state pension rose by 8.5% to £11,502.40 a year for post-2016 retirees. However, according to new research[1], one in seven (14%) retirees receive less money from the state...

How much income will you need for a comfortable retirement?Almost a quarter (23%) of women in their 20s (aged 22-29 years) would be frustrated if they couldn’t retire by the age of 60, according to new research[1]. Despite this, 10% of this group have opted out of...

Money, or lack thereof, a significant driver of overall retirement satisfactionGiven the ongoing economic pressures of rising living costs, over 55s were asked how they find the overall retirement experience. The research found that four in five (79%) of over 55s who...

Protecting your legacy and boosting your children’s financial securityDiscussing finances can evoke anxiety or discomfort, and this tension doesn’t ease when family members are involved. Nevertheless, parents of adult children are responsible for discussing their...

Urgent need for effective financial strategies and support systems to ensure a dignified and secure retirementAccording to a new study[1], around 21% of retirees say that, after paying off their mortgage, they are “unable to live fulfilling lives” due to insufficient...

Protect your family from uncertainty and potential conflictsMany people still lack a properly organised estate plan despite the numerous benefits of writing a Will—such as getting our finances in order, planning our legacy, and ensuring that our loved ones are well...

Received an inheritance, windfall, or proceeds from a business or property sale? But what next?Receiving a lump sum of money, whether from an inheritance, windfall, or proceeds from a business or property sale, can be exciting and overwhelming. Deciding where to...

How will you ensure more of your money will go towards your future?From using your annual exemption to saving in an Individual Savings Account (ISA), we look at ways to reduce a Capital Gains Tax (CGT) liability potentially. Cuts to the CGT exemption mean that...

Ensuring a secure future for you and your loved onesNobody wants to consider what would happen if they became too ill to support their family financially. Financial protection is essential to creating peace of mind for your loved ones, but understanding what cover you...

Ensuring your legacy is managed according to your wishes long into the futureTrusts are a powerful tool for estate planning, providing flexibility and control over asset distribution. Properly structured, they can address various scenarios and requirements, ensuring...

How to make sure you avoid becoming oneSince 2015, individuals over the age of 55 with defined contribution (DC) pension pots have enjoyed full freedom to decide how to manage their pensions; purchasing an annuity (a guaranteed income for life) is no longer mandatory....

Ensure your money works effectively to enjoy retirement on your own termsHow you invest in your 50s could significantly impact your quality of life in retirement. While there is still time to increase your retirement savings, a seemingly simple mistake could derail...

Making the right decisions today could boost your retirement pot and make the future a whole lot brighterWhen considering retirement planning, pension savings are a crucial component of your financial strategy and essential for a comfortable retirement. Securing the...

Balancing financial security with mental well-beingThe experiences of today’s retirees offer a wealth of knowledge for anyone planning their retirement. By observing the paths already taken, future retirees can glean valuable lessons from the triumphs and challenges...

£50 billion of hard-earned pension funds could be in jeopardyRecent investigations by the Centre for Economics and Business Research have illuminated a daunting predicament facing the United Kingdom’s pension sector[1]. An alarming £50 billion of hard-earned pension...

Diverse avenues through which individuals plan to supplement their retirement incomeRecent research reveals that a significant proportion of individuals over 50 years old anticipate relying on secure income sources, such as Defined Benefit (DB) pensions, for their...

Many regret not having commenced their savings journey earlier in their careersUK retirees are encountering significantly smaller pension pots than they had anticipated, with a considerable number expressing regret over not having commenced their savings journey...

Complex landscape of employee preferences, confidence and skillsRecent developments have seen the government introduce a Lifetime Provider model for workplace pensions, a move that has sparked considerable interest and debate. Findings from a recent survey reveal a...