Money is a notoriously difficult subject to discuss with family. But this is an extraordinary time, with concerns around ill-health amid an environment of rock-bottom interest rates, stock market volatility, and economic turmoil. The current situation could provide an opportunity for openly discussing financial issues. Here, we consider some potential topics. 1. Your estate Inheritance [...]
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.
Equity release continues to be a major way of providing retirement income, according to research published by Key Retirement Solution, one of the UK’s leading equity release specialists. It wasn’t all plain sailing in 2019 as the sector suffered some of the effects of political and economic instability resulting in a 4% drop in total [...]