You may be well on the way to middle age, but some of life’s most important mysteries still remain unexplored. It’s natural to be shy about discussing it in public – but in this new era of pension freedom, practically everyone’s doing it. Shouldn’t you at least see what the fuss is about?
The UK’s most celebrated fund manager, Neil Woodford, has been sacked following a string of poor decisions. His fund’s failure leaves investors and pension fund members with potentially heavy losses – and many questions.
Recent research suggests that over half of adults in the South East of England couldn’t pay an unexpected £500 bill. If you’re in this situation despite an apparently healthy income, you may have ‘money tunnel vision’. Here’s how to correct it.
A leading challenger bank has unveiled plans to lend £400m to small businesses, offering a welcome boost for those seeking funding. But with so many potential financing options available, entrepreneurs need to choose carefully.
As Prudential is fined £24m for its former practice of selling annuities to customers without encouraging them to shop around, there are signs that these retirement products are becoming better value – for those who choose wisely.
The good news: pension scheme membership is growing. Not so good: the average level of saving is falling. New HMRC figures show that although the pension message is getting through, many remain unaware of how big a retirement fund they will need.
Those who rent their homes are running higher risks that they won’t be able to maintain their monthly payments, in comparison to homeowners. But affordable income protection is now being designed with renters in mind.
For growing numbers of people, the 9-to-5 job is giving way to five to nine mini-jobs at once. With technology allowing for multiple income streams, it’s vital for ‘gig-workers’ to take better control of their personal tax and financial planning.
High-risk borrowing is at its highest level since the 2008 financial crisis, according to the Bank of England. But as first-time buyers benefit from record low fixed rates, there is a danger that some are overreaching themselves.
Users of Unbiased reveal their solid grasp of some aspects of personal finance – but worrying gaps in other areas. We break down the results of our ‘Back to School’ money quiz to show where people most need advice.
‘One day, son, sixty per cent of this will be yours…’ Is inheritance tax the most unpopular tax of all? IFA Steve Johnson offers his tips for those who feel they have already been ‘taxed to death’.
Fears of a global downturn and other pressures such as Brexit are prompting UK investors to take a defensive stance. Higher-growth equities are being ditched in favour of more stable bonds and gold, which are seeing extraordinary demand.