Chancellor Jeremy Hunt announced a consultation on workplace pensions in November’s Autumn Statement, focusing on allowing workers the flexibility to choose their own pension schemes, rather than being limited to their employer’s choice. This approach aims to address the issue of multiple small pension pots accumulated by employees who change jobs frequently. The ‘pot for […]

As the festive season approaches, we often find ourselves in search of the perfect gift for our loved ones. While traditional presents like gadgets, clothes, and toys are always appreciated, there is one gift that stands out for its lasting impact – the gift of protection through life, sickness, and income insurance. Life insurance Life […]

The Centre for Social Justice (CSJ) has recently proposed a significant change to the UK’s pension landscape. They suggest that the state pension age should rise to 75 by 2035, up from the current age of 66. This proposal comes amid concerns about the UK’s ageing population and the increasing Old Age Dependency Ratio (OADR), […]

The current financial landscape presents a conundrum for those looking to safeguard and grow their personal wealth. Despite interest rates reaching their highest levels since 2007, the value of cash savings in the UK has been eroded by inflation. As of July 2023, the nation’s cash savings have dipped to £1.95 trillion, a £5 billion […]

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 […]

The Chancellor of the Exchequer, Jeremy Hunt, is reportedly considering significant reforms to Individual Savings Accounts (ISAs), which could result in substantial tax breaks for savers. The proposed changes, expected to be announced in the Autumn Statement on 22 November 2023, have sparked a range of reactions from financial experts. While some see it as […]

Life insurance is a crucial financial safety net that provides peace of mind for you and your loved ones. But what if one policy isn’t enough? Can you take out more than one life insurance? The short answer is yes, but there are several factors to consider. Types of life insurance policies  Before considering the […]

It is hard to deny that the cost-of-living crisis and rising interest rates are having a substantial impact on households, but new research indicates that over half of UK pension savers are concerned they won’t have sufficient funds to retire. Worryingly, this sentiment is shared by 39 per cent of homeowners who also grapple with […]

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 […]

Recent research from Canada Life has highlighted a concerning rise in financial scams affecting UK residents. According to the new study, a staggering 51 per cent of UK adults have either been targeted by or know someone who has been targeted by a financial scam in the last year. This equates to approximately 26.8 million […]