Topic: Uncategorized

Bank of Mum and Dad

Posted on November 6, 2017 by - Uncategorized

The UK’s most lenient lender?

The Bank of Mum and Dad is potentially the UK’s most lenient lender. its relaxed approach means it ends up writing off huge numbers of loans each year, according to new research[1]. (more…)

Balancing act

Posted on November 6, 2017 by - Uncategorized

You’ve worked hard for your money – now investing can get your money working harder for you

Before investing, you need to decide how much risk you are willing to take and consider your ability to deal with any losses. Some investors are happy to take higher risk if there is a chance for higher returns over the longer term, while others don’t want to accept any risk. Others may sit somewhere in the middle. The value of investments can go down as well as up, and so there is always a risk that you may not get back the amount you put in. (more…)

‘Empty nesters’ plan to downsize

Posted on November 6, 2017 by - Uncategorized

Convenience rather than cash is the biggest motivation

There are plenty of reasons why moving into a smaller home makes sense, and more than 3.9 million over-55 ‘empty-nesters’ approaching retirement are planning to downsize to a cheaper property later in life[1] – but it is convenience rather than the cash that is their biggest motivation. (more…)

Are you ready to invest?

Posted on November 6, 2017 by - Uncategorized

5 reasons to open a Stocks & 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.  (more…)

Retirement delays

Posted on November 6, 2017 by - Uncategorized

Access to health and well-being support in the workplace

There is now a clear trend of people working for longer and delaying their retirement. Although some are staying in work out of financial necessity, others want to keep working because they value the mental and social stimulation their job brings. (more…)

Self-Invested Personal Pension benefits on death

Posted on November 6, 2017 by - Uncategorized

Declaring who you want the payments to go to

If you die, your Self-Invested Personal Pension benefits will be paid to your beneficiaries – either as a lump sum or an ongoing pension. You’ll need to complete a nomination form declaring who you want the payments to go to. The tax treatment of any death benefits paid from your SIPP will depend on your circumstances. (more…)

Shopping around for an annuity

Posted on November 6, 2017 by - Uncategorized

One-time purchase that affects your whole retirement

Due to the current economic climate, it has never been more important to make the correct decisions when deciding how to invest a retirement fund. If you decide an annuity is right for you, it’s important to shop around. It’s a one-time purchase that affects your whole retirement, and you cannot change your mind later on. (more…)

Lifetime annuity

Posted on November 6, 2017 by - Uncategorized

Guaranteeing you a regular retirement income for life

An annuity allows you to use your pension fund to buy an income from the provider of your choice. The annuity guarantees regular payments until you die. Normally, once purchased, it cannot be altered. There are different types of annuity available in the market, and you should consider the best product to suit your circumstances. (more…)

Drawdown

Posted on November 6, 2017 by - Uncategorized

Helping you make the most of the new pension freedoms rules

Drawdown allows you to take income directly from your pension fund without the need to purchase a lifetime annuity. In turn, this allows your pension fund to remain invested in the assets of your choice whilst taking an income. (more…)

Pension freedoms

Posted on November 6, 2017 by - Uncategorized

Major shift in how you can access your pensions

New rules about pensions came into effect on 6 April 2015, providing more choice for anyone who has a private or occupational money-purchase pension. (more…)