Millions of Britons face financial fallout should serious illness strike. It’s easy to think that we will never be diagnosed with a critical illness, particularly when we feel healthy and energetic, but we can fall ill with very little warning. A critical illness can have a serious impact not only on your own life, but…
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Ageing population faces significant funding crisis. As part of Budget 2017, Chancellor Philip Hammond announced an extra £2 billion of funding for social care and paved the way for major changes to how people pay for it. But people in the UK are still underestimating the cost of elderly care by £7 billion every year[1], according to…
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Taking control over where your money is invested tax-efficiently A new tax year is nearly upon us – and that means, for all diligent savers and investors, you should make sure that you take full advantage of your current Individual Savings Account (ISA) tax-efficient allowance. An ISA is a tax-efficient investment wrapper in which you can hold…
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Pension freedoms bring optimism and adventure to retirement. Will I ever slow down? Do I have the right plans in place? Retirement is a chance to do more of what you enjoy. Figures released as part of LV=’S tenth annual state of retirement report [1] indicate that, far from winding down, retirees are making the…
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Millions of older workers pin hopes on downsizing, inheritance or lottery win. Older workers are finding themselves caught in a position of retirement roulette, as many are relying on external factors such as a downsizing, an inheritance or even a lottery win to be able to afford a comfortable retirement, according to Aviva’s latest Real Retirement Report.…
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Higher inflation and near-zero interest rates mean the responsible thing to do could be to invest rather than to save. Many of us have been brought up to believe that saving is the responsible thing to do. But in today’s environment of low interest rates and rising inflation, savers may need to consider becoming investors to prevent…
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Preparing for an independent future should a relationship break down When disputes arise within families, emotions run high and rash decisions are made. This is why divorce is an arena fraught with acrimony. But, seven in ten couples don’t consider pensions during divorce proceedings, leaving some short-changed by £5 billion [1] every year. Research shows…
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Be prepared if life throws something unexpected your way Unforeseen life events and circumstances can potentially impact your finances in a number of ways. Hundreds of thousands of people are diagnosed with cancer each year in the UK and it is becoming more common among those of working age. Cancer treatment can cause many to…
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Grow your money and live the life you want The New Year is the perfect time to overhaul your life for the better, and one excellent place to start is by making solid financial resolutions that can help get you closer to your money goals, whether it’s increasing your retirement savings or setting enough money…
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5 reasons to open a Stocks and Shares ISA: Whatever you’re putting money aside for, there’s likely to be a role for Individual Saving Accounts (or ‘ISAs’). Low interest rates on cash savings since the financial crisis have meant that many savers have turned to the markets in the hope of achieving a better return. Although investing means…
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It is impossible to consider retirement, and our experience of it, without also considering how we’ll pay for it. But almost 30% of people over the age of 55 are unsure if they will be able to retire on their current savings, according to new research[1]. Four out of five Britons are unhappy with the amount they are…
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Autonomy to make your own investment decisions Some people don’t want a pension company deciding how their pension savings are invested – they want to control where their money goes and how it grows. For people wanting to have autonomy to make their own investment decisions with their retirement savings, a Self-Invested Personal Pension (SIPP) may be…
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