According to the latest product sales data provided by the Financial Conduct Authority (FCA), there is a growing number of retirees who are not taking advice when purchasing income drawdown and guaranteed income for life products. The analysis, provided by retirement product specialists Just Group, has revealed that 40 per Read more…
The current state of the global economy and rapidly rising inflation in the UK means that many savers are experiencing a period of financial hardship. While some of us may be able to rely on savings or investments, there have been growing calls to change the rules around the taxation Read more…
Thousands of Britons facing a cost-of-living crunch have been withdrawing funds from their Lifetime ISA (LISA) accounts and getting hit with significant penalty charges. According to HM Revenue & Customs (HMRC), a record 77,500 LISA savers were issued over £33 million worth of early withdrawal charges in 2021/22. Early withdrawal Read more…
A new study has found that as many as one in eight people might still be paying into a mortgage by the time they retire. Although many of us dream of a mortgage-free life and retirement, an increasing number of households are finding that they still have money to pay Read more…
According to new Government figures pension participation has continued to rise in the last year despite the challenges of the pandemic, with 88 per cent or 20 million eligible staff now saving in a workplace scheme. On top of this, many individuals have continued to take advantage of the benefits Read more…