Consolidating your pension pots

What you need to consider to ensure you don’t lose out
Have you ever considered moving and consolidating your pension to another scheme or provider? There are a whole host of reasons why people might want to do this before they reach retirement. Some are looking for better fund performance, lower charges or better death benefits; others are simply changing jobs. Continue reading “Consolidating your pension pots”

Generation x

Procrastinating when it comes to how they view their future.
People with birth dates between 1964 and 1979 are labelled ‘Generation X’ and are suffering from a widespread tendency to procrastinate when it comes to putting money aside for retirement, according to the results of a new survey[1]. Continue reading “Generation x”

How financially prepared are you for your retirement?

Men narrow the gap on women when it comes to life expectancy
Thanks to healthier lifestyles and advances in medicine, people are living longer lives, but many individuals may not feel financially prepared for their retirement. When it comes to setting your investment goals or strategy for your retirement, there are two main options. Continue reading “How financially prepared are you for your retirement?”

Who will care for you in old age?

Making provision in a way that meets your needs and wishes
As a population we are living longer, and with an ageing population the need for care is growing, with the time spent in care also increasing. However, a fifth of the UK (20%) have no idea who will look after them if they have care needs in old age, according to research released from Bupa. Nearly three quarters (73%) think they will have care needs in older age, but only around half (51%) expect their family to care for them. Continue reading “Who will care for you in old age?”

Generational investing

Implications in a fast-changing world
The motivations and values of Generation Y born between 1980 and1999 and how these impact their behaviour as investors and consumers have been published in a work by Dr Paul Redmond, Director of Student Life at the University of Manchester, in which he explains the key findings of his work on ‘generational theory’ and the implications in a fast-changing world. Continue reading “Generational investing”

‘Mid-life savings crisis’

It’s good to talk about your options
Put simply, retirement planning is about how you look at your future, but more than a million Britons are facing a ‘mid-life savings crisis’ as they near 40 with no retirement savings, according to research from Zurich. A third (33%) of British adults aged 35 to 39 – equivalent to an estimated 1.31[1] million people – say they have no money saved into a pension, despite approaching the mid-point of their working lives. Continue reading “‘Mid-life savings crisis’”

Is it natural to procrastinate?

Britons would rather vacuum than review their pensions
Why should you start planning for your future now? Retirement might seem like a long way off, but the sooner you plan for it financially, the less you are likely to have to put aside. Planning for your financial future early in your working life will allow you to make longer-term and potentially more rewarding investments. Continue reading “Is it natural to procrastinate?”