Be patient and consider retirement strategies - Even before most of us had heard of Coronavirus, only 25% of Brits felt confident that they would have enough to retire on without needing to supplement their pension. The impact of the Coronavirus pandemic on the global stock markets has resulted in the average pension fund value falling [...]
Originally published on hsbc.co.uk Your twenties are a time when there are almost too many goals to save for. You may want to buy your first home, purchase a car, or save up to travel the world in the future. Whatever your goals, and whether your plans are short term or long term, they all [...]
With lockdown causing financial worries for many families, the ABI is warning people not to see their pensions as a quick way of raising cash, and to think twice before making any rash financial decisions during this uncertain time.
Ready for retirement? If you have a Defined Benefit (DB) pension with your workplace, you could receive an annual income for life. But if you want more control over when you receive your money, you may need to transfer out of your scheme in order to access your funds. Deciding whether to transfer your pension, [...]