Due to the global stock market volatility and the fact that household incomes are coming under extreme pressure, people aged 55 or over may be tempted to access their pension.
The incomes of many households across the UK have been seriously impacted by the coronavirus. More than 9 million people are expected to be furloughed*, the self-employed who are eligible for help will not receive it until June, and some people are not eligible for any of this help including the recently self-employed.
The turbulent markets we are experiencing at the moment are concerning for everyone, but especially for those who are in a defined contribution (DC) pension scheme and looking to retire.
“Get it done!” Rishi Sunak has delivered his first Budget as Chancellor of the Exchequer, pledging a £30bn package to help the UK economy respond to coronavirus and investment in the future; announcing investments in the roads, railways, digital networks and public services.
Top ten commonly used jargon within the pension industry and what they actually mean.
Increasing pension payments by 1% of your salary could grow your pension pot by 25%. When it comes to finances, pensions are one area where saving a little more now can really make a big difference to your finances in the future.
Many people use the New Year as an opportunity to review their finances and make plans for the year ahead. If you are planning to retire […]
Christmas is an expensive time of year as the cost of presents, decorations, meals out and entertaining all add up. Individuals intend to spend £567 each at Christmas, with 46% planning to pay for it using credit cards, store cards and overdrafts.
The FCA has released new data showing the actions that individuals have taken the first time they access a pension pot.
The FCA’s new rules on pension ‘wake up packs’ – the information that an individual receives from their pension provider before accessing their pension fund, comes into effect on the 1 November.