Entries by Shona

Have you considered the cost of care in retirement?

In the next 20 years, the number of elderly people needing constant care is expected to double. You’ve probably thought about how long your pension needs to last and whether you’re saving enough. But have you factored in the cost of care in retirement? By 2035, it’s expected there will be 446,000 adults aged over […]

Sustainable investment continues to grow: Do ethics affect your investment choices?

Sustainable investment: Investors are increasingly investing their money with sustainability concerns in mind, figures show. As October marks Good Money Week, we take a closer look at what ethical investing is and how the market’s growing. It’s predicted that the UK’s ethical sustainable investment market will grow by 173% by 2027, according to research from […]

Could your retirement income be below minimum wage?

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 […]

Millennials risk missing life milestones due to short-term saving strategies

Millennials have good short term money habits. However, a lack of focus on the future means they could risk missing life milestones that are important to them. Despite social changes, UK millennials still hope to tick off traditional life milestones. The top life goals young adults want to achieve in the next decade, according to […]

Making sure your pension lasts a lifetime as withdrawals increase

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 […]

Interest rates rise above 0.5% for the first time in a decade

The Bank of England (BoE) has increased interest rates above 0.5% for the first time since 2009. Today, the Monetary Policy Committee (MPC) voted unanimously to push up the base rate by 0.25% to 0.75%. That’s not a massive increase; savers aren’t going to suddenly start seeing real returns on most of their bank or […]

Retirement planning: Four factors which will affect the income needed in retirement

Since the introduction of Pension Freedoms, the amount of people accessing their retirement income via a drawdown arrangement has increased dramatically. More than £17.45 billion in flexible payments has been accessed by those in and approaching retirement (Source: HM Revenue & Customs (HMRC)). However, when planning your retirement income, it is important to ensure that […]

10 signs it’s time to get financial advice

How often do you wake up with the intention to get financial advice as your number one priority? For almost everyone, the answer is never. Rather, the urge to seek financial advice is usually triggered by an event, or idea. You can get financial advice here. According to research from the Financial Conduct Authority (FCA), […]