Annuity
Retirement
retirement related articles
Pensions
Pension Options At Retirement
At retirement when we take our pension from a defined contribution scheme we have a number of options available to us. * The open market option * Tax free cash lump sum * The frequency of payment * Escalation in payments * Spouses provisions * Guarantee periods Each of these options can be taken in conjunction
family
Securing Your Family's Financial Future: A Comprehensive Guide for a 52-Year-Old with Teenage Kids in the UK
As a 52-year-old man with three teenage kids, securing your family's financial future is undoubtedly a top priority. With retirement looming and the expenses of raising children, it's crucial to make informed financial decisions today to ensure a stable and prosperous future for your loved ones.
Consumer duty
Difference Between Independent & Restricted Advice
There Are 2 Types Of Investment Advice: ‘Independent’ And ‘Restricted’. It Is Also Possible To Obtain ‘Guidance’ (Or No Advice). If you are getting advice about investing your money, you need to know there are two different types of financial advisers – independent and restricted – and this can affect the advice
Consumer duty
Difference Between Advice and Guidance
The aim of this article is to explain the difference between consumer guidance and consumer advice within the financial services market. The source of this information is the Financial Conduct Authority (FCA). It is important that individuals understand the subtle but significant difference between the two. In certain circumstances it
savings
Is £100k a good salary in the uk?
A salary of £100,000 per year is considered very good in the UK. The average annual salary in the UK in 2023 is around £30,000 & people earning over £80,000 are in the top 5% of earners. However, the cost of living can vary widely depending on
Consumer duty
How much does a Financial Adviser Cost?
Hiring a Financial Advisor: Understanding the Costs Many people prefer to manage their own finances. Sometimes, however, it becomes necessary to hire a professional financial advisor to assist you with your financial affairs and investments. If you are managing many investments, if a lot of money is involved, or if
FCA
When Should I Hire A Financial Adviser?
There’s no one-size-fits-all answer as to when is the best time to hire a professional financial adviser. However, there are many situations when it’s beneficial to seek expert help, especially when your financial goals and needs become more complex. Before you disregard financial advice as only for the
Consumer duty
Why Should I use a Financial Adviser
Why Should I Use A Financial Adviser | 2022 Looking into retirement options and wondering what to do with your pension funds? Financial advisers can help you identify and achieve your goals by providing the crucial perspective and strategy you need. Keep reading for our top reasons to hire a financial
savings
Pensioner Bonds / 65+ Guaranteed Growth Bonds
Pensioner bonds, officially named 65+ Guaranteed Growth Bonds, which are no longer available for sale, were fixed-rate savings bonds offered by the government-backed National Savings & Investments (NS&I) for individuals aged 65 and above. These bonds were introduced in January 2015 with the intention of offering senior citizens
Consumer duty
What are the key things to consider when choosing
Choosing a Financial Adviser Are you considering hiring a financial adviser to assist you with your financial matters? A professional financial expert can help you manage your wealth and savings. They can also help you with your investments and make sure you are on track for retirement. Before you hire
Consumer duty
The Value of Financial Advice
New research shows those customers who receive financial advice can be better off on average by £40,000. Those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14. ‘The Value of Financial Advice’, produced
Consumer duty
10 questions to ask your potential Financial Adviser
For many investors, working with a financial advisor is an important part of planning for the future and making wise investment decisions. Finding the right financial advisor can make all the difference in the world when it comes to planning for the future, but getting started can be daunting. What
help
Pension Guide
Pension Information: Guide To The Basic Facts. YOU MIGHT HAVE ONE OR MORE DIFFERENT TYPES OF PENSION. UNDERSTANDING WHICH YOU HAVE IS IMPORTANT BECAUSE IT AFFECTS THE DECISIONS YOU NEED TO MAKE AS YOU APPROACH RETIREMENT. * What type of pension do I have? * Your State Pension choices * Your pension choices