Do you have multiple pension pots to keep track of?
When leaving a job, how to stay updated on your retirement savings Changing jobs often signals the start of an exciting new chapter, bringing fresh opportunities, new challenges and often a higher salary. However, amidst all this change, it’s easy to overlook certain details, such as your old pension, especially since new employers usually auto-enrol you into a new pension scheme. With over 3.3…
Cash Flow Modelling: Planning your financial future
Managing your personal finances can often feel overwhelming, especially when planning for an uncertain future. Cash flow modelling provides a way to bring clarity and control, enabling individuals to make informed decisions about their finances. This process provides a detailed and visual representation of how your financial situation may evolve over time, taking into account factors such as income, expenses, assets and future objectives.…
Breaking free from geopolitical noise
Why long-term portfolio success depends on strategy, not global headlines. Global events continue to make headlines and spark debate among investors. From intense political exchanges in the US to displays of European unity overcoming post-Brexit tensions, and the latest tariffs introduced by the US, there is no shortage of geopolitical drama. Furthermore, the ongoing Russia- Ukraine conflict and the escalating Israel-Palestine tensions have further increased global uncertainty, with ripple effects being…
Unlocking financial freedom
Save, invest and grow your wealth for a secure future A Self-Invested Personal Pension (SIPP) is a type of personal pension that provides you with greater control over how and where your retirement savings are invested. While it operates similarly to a standard personal pension by allowing you to save, invest and grow your wealth, SIPPs stand out because of the flexibility they provide.…
Show me the money
£102.3 billion withdrawn flexibly from pension pots since 2015 Seven in ten people who withdrew funds from their pensions over the last decade were under 65, according to recent findings from the Department for Work and Pensions (DWP). The data highlights concerns about accessing retirement pots before reaching the State Pension age. Almost 43% of all flexible pension withdrawals were made by people under 60,…
Mind the divorce gap
Research highlights the financial challenges faced by women Divorce is a life-altering event and, for many women, it results not only in emotional turmoil but also in financial hardship. Research indicates that women generally see their household income halve within a year of divorce, while men’s incomes decrease by only 30%[1]. This gap leaves women more exposed, with 24% struggling to manage their finances…
Saving vs investing
Understanding your financial options for now and the future Managing your finances can often feel overwhelming, particularly when deciding between saving and investing. Savings are aimed at short-term needs or emergencies, offering a sense of security and quick access to funds through low-risk options such as savings accounts. This approach ensures that you are financially prepared for unforeseen expenses or near-term goals. Investing, on the…
Setting investment goals and timescales
How to clarify your path to financial success Establishing clear investment goals is essential for achieving long-term success, as they serve as a roadmap outlining the purpose and desired outcomes of your investments. By defining your priorities, you can make informed decisions, avoid distractions and effectively track your progress. Whether you are saving for retirement, funding your child’s education or building wealth for future opportunities, clear objectives…
Who will inherit your pension? Find out now!
A new study reveals a startling insight. As many as one in six (15%) individuals with a partner are unclear about who will receive their pension savings if they pass away before accessing them[1]. Even more concerning, this figure rises to nearly one in five (18%) among the Silent Generation (aged 79 and older). Such statistics highlight the urgent need for improved awareness and planning…
A new era for pension funds following a significant shift in tax policy
Over the next few years, significant changes to pensions and Inheritance Tax (IHT) rules are anticipated to transform the UK’s financial planning landscape. For individuals and families, proactively adapting to these changes is critical to protecting your wealth and ensuring your legacy benefits your loved ones. This article breaks down the key elements of IHT, the changes set to take…