Older pensions can sometimes carry higher charges, outdated features or less flexibility than newer arrangements. With the Financial Conduct Authority warning that some savers in legacy pensions may be receiving poorer value, it could be a good time to check whether your retirement savings are still on track – and whether any valuable benefits are …
New research shows that many people worry about dementia, but almost half haven’t planned for possible care costs. We look at the practical steps you can take now to give you and your family more choice later. Have you thought about how a dementia diagnosis could affect you, your parents or your wider family? Dementia …
Retirement is not just about choosing a date. It’s about understanding what life after work could look like, how much income you may need, and how your money can support the plans that matter most to you. Retirement can feel exciting, strange and slightly daunting all at once. After years of saving, earning and planning …
A new government-backed report has issued a stark warning about the future of retirement in the UK, highlighting a growing gap between what people are saving and what they are likely to need later in life. According to the Pensions Commission’s interim report, around 15 million people in the UK are currently under-saving for retirement, …
The rules around care can feel confusing, and the costs can vary depending on the type of support needed. The good news is that there are options and understanding them early can help you make informed choices in your own time. For some families, this might mean checking what support may be available. For others, …
The Pension Schemes Bill received Royal Assent on 29 April and became the Pension Schemes Act, marking the most significant overhaul of pensions in a decade. How will this affect you and your family? The Act will bring about significant reforms to the UK pensions system, benefitting workers by up to £29,000 by the time …
The new tax year is here, and upcoming pension changes mean that it’s now a good time to review your retirement plans. 1. Age to access your pension is rising From April 2028, the earliest age most people can start taking money from their private pension will rise from 55 to 57. If you were …
The Pensions Ombudsman (TPO), an independent pensions complaints arbitration service, has spoken out over potential fraudulent letters. The service has warned that it is aware people have received fake letters purporting to be from the TPO about a “failed investment”. The TPO’s site states: “These letters are not genuine, and the telephone number is not …
When you first set up a pension, whether through your employer or personally, it can feel like a huge tick in the box. But unlike setting up a dishwasher or booking a holiday, pensions aren’t something you can just “set up and forget.” They’re more like a long-term relationship: they need care, attention and regular …
The State Pension is due to increase by 4.7% next April after the latest Office for National Statistics (ONS) figures were published on 16th September. The ONS data confirmed the latest annual wage growth of 4.7% would be the deciding figure under the State Pension Triple Lock. This uplift, while lower than some recent past …
