A new study by Age UK reveals growing anxiety among pension providers that retirees do not fully understand the risks of drawdown products – which may lead to a future ‘scandal’.
People using the Lifetime ISA to save for a first home, or to boost their retirement income, may be sacrificing thousands of pounds to avoidable management fees. But lower cost alternatives are available.
For years many homeowners in leasehold properties have been vulnerable to a raw deal, if their landlord chooses not to play fair. A new government enquiry seeks to establish the extent of the problem, with a view to achieving greater protection for homebuyers.
Three fishermen, three rods, three price tags, but only one answer. What can fishing teach us about the value of financial advice? Go on, take the bait.
For many people, the word ‘investing’ is associated with the word ‘risk’. But to what extent is this true? What are the risks involved – and when are those risks worth taking? Anna Sofat of female-focused IFA Addidi Wealth takes a closer look.
What’s keeping you from buying your first home? Most likely it’s saving up enough for a deposit. We look at how much you might need, how long it may take, and the fastest and most effective ways to build up the money you need to get on the property ladder.
Pensions minister Guy Opperman has warned that the climate crisis could affect people’s retirement savings if pension schemes fail to act in time. Renewables are already replacing traditional energy sources as a long-term investment prospect.
Many in the UK remain unaware of how much their credit file may be influencing their lives. A simple scoring error derailed the career of IT manager Debbie Scott, while the cost of borrowing varies widely across the country – and credit data may even affect which ads you see.
UK workers have lost track of up to 1.6 million workplace pension pots, according to the latest estimates. A lack of understanding of how to manage pension savings could result in many people being substantially worse off in retirement.
Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play.
A rise in interest rates is only a matter of time – it’s just that no-one’s sure exactly when. So it’s a good idea to review your own mortgage now, to make sure your home will be secure whichever way the wind blows.