Entries by Shona

Knowledge is power: Do you know what your pension is worth?

According to research from the Financial Conduct Authority (FCA), most adults are not paying enough attention to their pension, leading to difficulties in retirement. Do you know what your pension worth is? Pause for thought The report shows that many people are not setting aside the time to think about their retirement income, with: 75% […]

Seven changes you need to know about in 2018

As we head into 2018, with a new financial year a few months away, the government is preparing to introduce several changes. These will come into effect in April, and it is likely that you will be affected by at least one of them. Being prepared is the key to making the most of the […]

62% of adults don’t understand inflation; here’s our quick explainer

Only 38% of UK adults know what inflation rates are, according to research from The Organisation for Economic Cooperation and Development (OECD). The data also shows that adults in at least 14 nations have a better understanding of inflation rates than Brits. To help put this situation right, we’ve created a short explainer covering the […]

Pension Freedoms: Ignorance isn’t bliss

Pension freedoms: “Real knowledge is to know the extent of one’s ignorance.” Attributed to Chinese philosopher Confucius, this timeless phrase has never been more apt than when applied to the topic of Pension Freedoms. A new report, from Old Mutual Wealth has revealed that many 50-60-year olds are uninformed about Pension Freedoms, with: 45% not […]

Urgent call from MPs to ban pension scam cold calls

Introducing legislation to ban cold calling from pension scammers has been on the Government’s radar for some time. But now, following a lengthy delay, MPs are calling for action to be taken sooner, rather than later, pushing for the Financial Guidance and Claims Bill to be approved. What has happened so far? The Government’s plan […]

Seven tips for choosing the right savings account

The Bank of England (BoE) interest rate rise made a splash in the headlines last year. However, the subsequent announcement that inflation continues to increase, and has since hit a six-year high, is one of the biggest causes for concern for savers and their savings account. As a result of the rate rise, many banks […]

The effects of inflation – and how to combat the latest rise

November 2017 saw inflation hit 3.1%; the highest it has been since 2012, as reported through the Consumer Price Index (CPI). As 2018 gets underway, thousands of households will be feeling the squeeze and looking for ways to combat the shrinking value of their income or capital. What is inflation? According to the Office of […]