The demand for places for long term care is increasing due to us all living longer. However, funding to cover the care home, which is mainly paid for by Local Authorities is under pressure. Many Local Authorities resources are limited. This is leading to them demanding places at below their cost price. Care homes are [...]
The Financial Conduct Authority (FCA) has highlighted that thousands are at risk of financial harm or unnecessary tax bills. They state that since the new pension reforms were introduce in 2015 many savers are not taking independent financial advice. Large number of savers are opting for income drawdown plans when cashing in their pension funds. [...]
With life expectancy rising, planning for your retirement with pension savings has never been more important. Many people focus on what pension income they will need in retirement. Figures from the Office of National Statistics (ONS) forecasts that if you are presently under the age of 35 you stand a good chance of living to 100. [...]
