Master your finances and bring clarity and control to make informed decisions
Managing your personal finances can often feel overwhelming, especially when planning for an uncertain future. Cash flow modelling provides a way to bring clarity and control, enabling individuals to make informed decisions about their finances. This process provides a detailed and visual representation of how your financial situation may evolve over time, taking into account factors such as income, expenses, assets and future objectives.
Why preparing for retirement has never been more crucial
A new study reveals how people in the UK manage their pensions, highlighting notable differences based on gender, income and relationship status. Almost half (44%) of those surveyed consider themselves the main organiser of pensions in their household, while 22% of people in relationships believe their partner fulfils this role[1].
When leaving a job, how to stay updated on your retirement savings
Changing jobs often signals the start of an exciting new chapter, bringing fresh opportunities, new challenges and often a higher salary. However, amidst all this change, it’s easy to overlook certain details, such as your old pension, especially since new employers usually auto-enrol you into a new pension scheme.
An annuity converts pension savings into a regular income, providing financial stability in retirement. Annuities deliver guaranteed income, ensuring that retirees do not outlive their savings. Unlike drawdown pensions, which depend on market performance, annuities offer peace of mind through predictable payments.
A new report reveals that millions rely on guesswork when planning for retirement
Millions of UK adults are approaching retirement more guided by intuition than by careful planning, according to recent report findings[1]. The research reveals that 1 in 6 people (16%) rely on gut instinct to determine how much they will need for a financially secure retirement. Alarmingly, nearly two in five (39%) have not calculated their retirement needs at all.
Making the most of your new tax allowances for the 2025/26 year
As we are now a few months into a new tax year, it presents new opportunities to maximise your money. With new tax allowances available and another year to benefit from tax-efficient savings, now is the ideal time to organise your finances. Acting early can help you maximise your returns throughout the year and ensure you make the best financial decisions. Here’s why you ought to consider taking action now and how professional financial advice enables you to stay ahead.
Understanding the importance of nominating a beneficiary
A new study reveals a startling insight. As many as one in six (15%) individuals with a partner are unclear about who will receive their pension savings if they pass away before accessing them[1]. Even more concerning, this figure rises to nearly one in five (18%) among the Silent Generation (aged 79 and older). Such statistics highlight the urgent need for improved awareness and planning regarding pension inheritance.
How to build long-term wealth with a tailored strategy
Market volatility is an unavoidable aspect of investing. Geopolitical events, such as the invasion of Ukraine, trade wars, inflationary pressures, and alterations in interest rates, are among the numerous factors that lead to market fluctuations, sometimes significantly. When markets change, especially during rapid declines, it can be challenging not to react. Nevertheless, history shows that you are more likely to reach your long-term investment goals if you have a strategy and stick to it across all market conditions.
Understanding the impact of a frozen state pension on your retirement income
Retiring abroad may appear to be a dream come true, but for some British pensioners, it could carry a hidden financial cost. If you move to certain countries outside the UK after retirement, your state pension could be “frozen.” This means you will not receive the usual annual increases granted under the triple lock system.
Rising costs, independence, and the necessity for proactive financial planning
Recent data highlights a growing concern about the affordability of care and the maintenance of independence in retirement. Research has shown significant worries among UK adults regarding how they will finance care needs and medical expenses in later life.
