Funding long-term care can be the biggest financial challenge of later life. Now a new pension-insurance hybrid has been proposed to help care recipients and their families meet this challenge. How would it differ from what’s already available – and will it ever appear?
Some borrowers are living with a sword hanging over their heads: a mortgage they have little or no hope of repaying. One possible answer is the “lifetime mortgage” – but it’s hardly ideal. We explore this nerve-wracking scenario and offers some possible solutions.
For the first time ever, the High Court has ordered the perpetrators of pension scams to repay the money they took from their victims. But how can you avoid falling into such a trap in the first place?
If you have a final salary workplace pension scheme, what happens to it if your employer goes into administration? The Pension Protection Fund exists to safeguard the benefits of members in these circumstances - but how reliable is it? Article by Nick Green.
Congratulations – you’re a year closer to retirement. But if it’s imminent, you’ll soon have to decide how you should access your pension pot. With the economic landscape changing all the time, pensions expert Billy Burrows brings us his regular update on the ongoing debate: drawdown or annuity?
At times of low interest and high inflation, a cash savings account can be a bit like a leaky bucket. But if you don’t like your money losing value over time, what else can you do with it? Daniel Ardern, Chartered Financial Planner at Gresham Wealth Management, talks you through the most practical alternatives.
Does it look as if your estate is large enough to be subject to inheritance tax? If you take action soon enough, you may find you have the power to change that. Marcus Dodds, Financial Planning Consultant at Armstrong Watson, explains how.
Philip Hammond’s first Autumn Budget brought a windfall for first-time buyers, with a spectacular slashing of stamp duty. Will it finally unclog the UK’s housing market? We look at this and other key announcements from a Budget that focused largely on the young.
Some people want the security of an annuity – others, the flexibility of drawdown. But how can you decide which is better? Neil Adams of Drewberry Wealth shows you a simple way to compare these retirement options side by side.
If you have a defined benefit pension, you may be offered a very tricky choice. Stay in the scheme, or take a riskier but more flexible option? What’s right for your colleague may not be right for you. Armstrong Watson Financial Planning shows you how to approach this decision.
Divorce at any age is a traumatic event – but one that happens in later life may be even more so. Untangling the finances of a long-married couple can be a highly delicate process requiring expert advice – as Morven Millar of Gresham Wealth Management explains.
…and the best answers to look for. When finding a financial adviser, especially outside the UK, it’s easy to get bewildered and accept what you’re told. But now the Unbiased-listed Montfort International have developed their own definitive guide to the questions you should be asking your financial adviser.