By Rachel Efetha, Chartered Financial Planner, based in Bedford, Bedfordshire. According to the insurer, LV= the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 40-year-old will have accumulated five Pensions. Below are the top three reasons why you should review your [...]
Many people perceive pensions to be overcomplicated. However, the basic principle is a simple one. First of all, it is worth understanding the benefits of saving into a pension scheme and not just relying on the State Pension. The State Pension will provide you with a foundation, but for most of us, it may [...]
Getting remarried in later life can impact your financial plans. By contrast, younger people are now less likely to marry, while marriage rates for men over the age of 60 and women over the age of 50 are increasing. These figures show that people are also choosing to cohabit either as a forerunner to [...]
Putting a retirement plan in place. If you’re in your late fifties/early sixties and starting to think about retirement, there is certainly a lot to think about! The important thing is to first get an idea of what level of income you will need in retirement so that you can comfortably enjoy your well-deserved [...]
The government has recently announced changes to auto-enrolment pensions. These pensions are also referred to as workplace pensions. One of the key changes is the age at which people will be auto-enrolled into a workplace pension. Presently the joining age is 22 but the plan is that this will be lowered to 18. The proposal [...]
