The number of people saving into a Workplace Pension has reached a record high. But far from providing a comfortable retirement income, those making minimum contributions could face an unexpected shortfall when the time comes to giving up work. Pensioners could have less than minimum wage to live on, despite making monthly pension contributions, according […]
Going to university can be expensive. But not just for the student; parents are expecting to pay out thousands of pounds every year to help their child secure a degree. Parents anticipate spending ÂŁ5,721 each year their child is at university, according to research from Lloyds Bank. Over the course of an average three-year degree, […]
More pensioners are choosing to forgo a guaranteed income that comes from an annuity, instead favouring making withdrawals directly from their pension using flexi-access drawdown. While providing more flexibility, the latest data suggests those using drawdown may face financial hardship later in life. Ensuring that your savings will support you throughout your later years is […]
Despite more millennials relying on the Bank of Mum and Dad, a quarter are worried about not having the right financial knowledge to make the right decisions for them and their children. As younger generations face financial pressures, more and more are turning to the Bank of Mum and Dad (or even grandparents) to take […]
Research has found 63% of workers approaching retirement are already planning on working longer than planned. So, do you know how long your pension would last if your retired today? Financial pressures mean that people are working for longer and often beyond the time they expected. With life expectancy rising, it’s important to assess how […]
Did you know the average pension scam victim loses ÂŁ91,000? Be sure you’re aware of these five sure-fire ways to spot a fraudster and protect your life’s savings. Pension scams are a subject we have written about a lot, but with your financial future on the line, it’s one we make no apology about returning […]
