Saving for retirement ahead of all the other daily pressures on finances can be tough. The challenge can be particularly difficult for women who take time out of work to raise a family. Research suggests that only 50 per cent of women in their 30s work full–time, compared with 81 per cent of men of the same age.
The traditional ‘life-styling’ strategy for pension posts reduces the level of investment risk that they take as you get nearer to retirement. Is this a good idea? The research threw up some interesting results.
Will the annuity market bounce back? Analysts at RBC Capital Markets think so. Pensions freedom may have given savers more options, but annuities remain a useful tool to ensure a steady stream of income in retirement.
No one likes to think about a time where they cannot manage their own financial and health affairs – which is why it could be worth considering using Lasting Powers of Attorney (LPAs) to ensure that your wishes are carried out.
Widely regarded as a cornerstone of a comprehensive employee benefits package, private medical insurance (PMI) could benefit employers and employees – but you have to take care to find the most appropriate policy for your people for the right price.
Market volatility caused by the UK’s decision to vote to leave the European Union could negatively impact those looking to secure retirement income in the coming months, a pensions expert has warned. Clive Barwell, Head of Later Life Advice at Wren Sterling, says predicting the future of pensions at this stage is impossible, but that [...]