Month: November 2022
Working 9 to 5
More over-65s are still working than six years ago
More people in the UK aged between 65 and 74 are still working compared to six years ago, new research shows[1]. The findings show there’s a marked increase in the number of people over 65 who remain in the workforce compared to 2016, and a fall in the number drawing their State Pension.
How to maximise the value of pension savings
Mistakes to avoid when you’re aiming to build your pension pot
Many people are feeling the pressure on their finances at the moment due to the backdrop of rising inflation and the cost of living soaring. In these circumstances, it can be difficult to think about your long-term finances or even contemplate saving for the future.
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Passing wealth down through the generations
Millions of retirees help out in cost of living crisis
The rise in the cost of living is affecting millions of people. A third of young adults (18-34) and families with young children are struggling financially. Many are turning to family and friends for help with day-to-day expenses such as utility bills, housing costs and childcare, according to new research[1].
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Pension saving revolution
Auto-enrolment: celebrating a decade that has encouraged a culture of saving
Since it was introduced ten years ago, auto-enrolment has revolutionised pension saving for millions of people in the UK, encouraging a culture of saving for the long term. It’s been a positive initiative and, crucially, individuals now have to take more responsibility for their retirement savings.
Spotting an investment scam
How scammers are getting more convincing
Around half of UK adults (51%) have or know someone who has received a suspicious communication in the last 12 months, according to new research[1]. This equates to 27 million people across the UK.
Don’t abandon pension contributions as prices rise
Savers could miss out on thousands of pounds in retirement
As the cost of living continues to soar, with inflation reaching a 40-year high, the impact on household finances is taking its toll. But it is essential to try to maintain a savings habit even in the current climate. The impact of any breaks in pension contributions could mean savers miss out on thousands of pounds in future that will mean less income during retirement.
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