The new Labour government is expected to bring big changes to our pensions. Labour have promised a review of the pensions system to make sure it works as well as it should and gets people the best outcomes. Lifetime Pensions We can expect further moves to consolidate schemes to drive efficiency and a push to...Read More

We’ve seen some big changes to pensions over the years, but next year could see the foundations laid for some large developments. The proposed ‘lifetime pension’ will give members more choice in building pension savings on their own terms, while helping combat the issue of lost pension pots. However, pensions are also known for their drama, and...Read More

The latest wage and inflation data for this month has given us some interesting insights. Inflation has continued to decline, reaching 6.8% in July, while on the other hand, average wages, including bonuses, have surged by an impressive 8.2%. The combination of decreasing inflation and increasing wages may seem like positive news for individuals trying...Read More

The standard approach to retirement planning has typically been to mainly invest in funds that invest in shares while you’re young. Then as you get closer to retirement, to gradually de-risk your portfolio by choosing funds that invest in a mixture of investments including bonds, as well as cash. Lifestyling The idea is to benefit from the long-term investment...Read More

Investment bankers in the UK enjoy lucrative careers, fast-paced environments, and substantial incomes. However, amidst the demands of their profession, it is crucial not to overlook retirement planning. While retirement may seem distant, it is essential for investment bankers in the UK to begin saving early and make informed financial decisions. Longevity and Lifestyle Investment...Read More

Men born after 5 April 1951 and women born after 5 April 1953 are able to buy extra National Insurance years to top up their State Pensions. If you are eligible, you may be able to make up for gaps between tax years April 2006 and April 2016  – this needs to be done before 31st...Read More

Jeremy Hunt has made some significant changes to pensions in his spring budget yesterday. The changes bring the wind back into the sales of high earners who’ve pulled away from contributing somewhat so as not to exceed lifetime allowance. The changes are below: Lifetime Allowance The lifetime allowance itself is set to be abolished from April 2024,...Read More

It’s a common misconception that if you’re a member of a workplace pension scheme, your pension contributions will automatically increase in line with your pay rise. But this isn’t always the case. How They Work Some employers base contributions on a percentage of your total salary, which means the amount you pay into your pension...Read More

January is a great time to review your finances and make sure everything is running smoothly. With high inflation and taxes on the rise, the changes you make today could have a significant impact on the health of your finances in this year and beyond. Here are some financial resolutions that could help you commence...Read More

Many pensions should not be transferred and left exactly where they are. We cover some of the reasons below: Defined Benefit These pensions offer a guaranteed income when you reach retirement. It will normally increase each year, and usually continue to be paid to your spouse, civil partner, or dependants, often at a reduced rate,...Read More