Category: Financial Planning

Gender pension gap widens

Posted on June 15, 2022 by - Financial Planning

Women have lower pension pot sizes in every age bracket

The staggering impact of the gender pension gap has been revealed in new research[1] which shows that women have lower pension pot sizes in every age bracket, with the situation significantly deteriorating as they approach retirement. Worryingly, women on average retire with less than half the income of men.

Protecting family wealth

Posted on June 8, 2022 by - Financial Planning

What will your legacy look like?

Estate planning is about putting your affairs in order, to help make the lives of your loved ones easier. It can help to protect your estate for your beneficiaries and reduce the impact of Inheritance Tax (commonly called IHT for short).

Retirement nest egg

Posted on June 1, 2022 by - Financial Planning

Nearly a half of over-50s regret not saving into their pension earlier

The days of working for a single employer for your entire career and retiring with a comfortable pension are largely gone. The responsibility for accumulating a retirement nest egg now rests with individuals as opposed to their employers.

Future wealth

Posted on May 25, 2022 by - Financial Planning

The average British child is worth just under £5,000 by the time they reach school

When we talk about the Bank of Mum and Dad, we are effectively talking about handing money over to your children. There are many reasons why your descendants might look to you for financial support, and many routes you could take in funding them, if you so choose.

More Britons insure their homes than their lives

Posted on May 18, 2022 by - Financial Planning

Ensure your financial security for when you might need it most

There are a number of reasons why you might need life cover and critical illness cover. If you have dependents, then it is important to make sure that they will be financially secure if something happens to you. If you have a mortgage or other debts, then life cover can help to pay these off.

Tax in uncertain times

Posted on May 12, 2022 by - Financial Planning

Key financial changes that have affected millions of people from April

Most taxpayers started to see their tax bills increase from April 2022. As we move into the new 2022/23 tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and have considered some planning opportunities to help reduce your tax liabilities.

Improving your financial health

Posted on May 4, 2022 by - Financial Planning

Staying on track to achieving specific financial goals

All of your financial decisions and activities have an effect on your financial health. To help improve your financial health during this period of rising inflation and interest rates, we look at three areas that could help keep you on track to achieving your specific financial goals.

Cost-of-living crunch

Posted on April 27, 2022 by - Financial Planning

Savers still recognise the importance of long-term planning

Britain’s cost-of-living crunch has hit the country hard, with inflation at its highest level in three decades, petrol prices spiralling, retail price increases rising to their highest levels in ten years and, most recently, Ofgem announcing a 54% price hike in energy bills affecting 22 million households.

Roadmap for investors

Posted on April 20, 2022 by - Financial Planning

Increased confidence portfolios will perform well in 2022

In 2021, there was a return to some form of normality across a vast majority of regions following successful vaccine roll-outs around the globe. But will the economic rebound continue in 2022, or be stymied by rising energy prices, higher inflation and further continued uncertainty brought about by the pandemic fallout?

It may be time to invest your cash

Posted on April 13, 2022 by - Financial Planning

 

Is your wealth protected from the damaging effects of inflation?

Many people underestimate the damaging effect of low interest and high inflation on their cash savings. A continued period of low interest rates on cash savings and rising inflation could pose a real risk to savers in 2022, even if the Bank of England (BoE) moves to increase interest rates further in the coming months.