Wealth Management News

Why the Government’s changes to pension auto-enrolment will benefit younger savers

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The Government has recently passed an important piece of legislation, the ‘Pensions (Extension of Automatic Enrolment) Act 2023’, which could significantly impact young savers across the nation. The Act, which received Royal Assent on 19 September 2023, grants the Government the power to: Lower the minimum age for automatic enrolment into a workplace pension from […]

Wealth Management News

The importance of saving early for a pension: Why younger generations aren’t doing enough

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Analysis of the Financial Conduct Authority’s (FCA) Financial Lives Survey has revealed a significant trust and engagement gap in pension savings, particularly among younger adults. Trust in pension providers is lowest among 25-34-year-olds according to the FCA’s data, with 43 per cent scoring their trust as six or less on a scale of 1 to […]

Wealth Management News

Self-employed? Why you are at greater risk of falling behind with retirement

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When it comes to retirement planning, one group that often finds itself at a disadvantage is the self-employed. Unlike their counterparts in traditional employment, self-employed individuals face unique challenges in setting up adequate pension arrangements. During the cost-of-living crisis, many are choosing to reduce private pension savings to meet everyday expenses. With more people choosing […]