Have you been contemplating helping out a younger member of your family? Then you’re not alone. New research from the Institute for Fiscal Studies (IFS) shows that £17 billion is gifted or loaned informally each year, almost all from parents to their adult children – mostly to help with buying a house or at the […]

If you have holes in your National Insurance (NI) record, now might be the last chance to fill them – and take advantage of the generous Government scheme which allows people to fill historic gaps, and which will come to an end in just over two months. For those who can benefit, investing in state […]

If employers want to solve their recruitment crisis, then they should be looking hard at the pension they are offering – and the advice they are providing for their staff’s retirement finances. That’s the biggest takeaway from a new survey of HR professionals by Punter Southall Aspire. For the last two years, flexible working has […]

Depending upon the standard of living you are aspiring to in retirement, inflation in 2022 has added between 11 and 20% to the cost, with implications for the pension pots people will need to save. According to the latest inflation update of the Pensions and Lifetime Savings Association’s Retirement Living Standards, those on the “Minimum” […]

After a year many of us will want to see the back of, we can only hope that 2023 will be a little kinder on our nerves… and our wallets. Financial services company Hargreaves Lansdown has put together a timeline of events that could impact upon savers and taxpayers in the coming 12 months, and […]

Appropriately for the festive season, the media recently has been well and truly stuffed with coverage of the Government’s plans to encourage workers to delay their retirement and/or actually “unretire”. It’s not a new theme, as plenty of commentators (including, ahem, myself) have seen this coming down the tracks for some time now, as an […]

According to new analysis from Quilter, the wealth manager and financial adviser, retirees hoping for a comfortable retirement – together with enough money for care would need to build up an estimated £470,000 in retirement wealth. Using the PLSA’s Retirement Living Standards definition of what constitutes a comfortable retirement, a single person would need to […]

Two new surveys have revealed the ongoing impact of the cost-of-living crisis on people heading towards retirement. According to research by Scottish Widows, some 15 per cent of men and 16 per cent of women have reduced pension contributions to cope with rising prices. Scottish Widows calculates that – for someone aged 40 cutting back […]

By the time we reach our 50s, we are often spending more time in the dentist’s chair ensuring our teeth are in good working order, and with the NHS option becoming less available around the country, many of those in a position to do so are looking at the option of taking out insurance. But […]

Media reports that the Government, currently looking to plug huge gaps in its borrowing, plans to move forward changes to the State Pension Age (SPA) could have major implications for anyone who had been planning to retire in the mid-2030s. The new State Pension, currently slightly over £9,600 for those who have made their full […]