The Government has recently passed an important piece of legislation, the ‘Pensions (Extension of Automatic Enrolment) Act 2023’, which could significantly impact young savers across the nation. The Act, which received Royal Assent on 19 September 2023, grants the Government the power to: Lower the minimum age for automatic enrolment Read more…
The Chancellor of the Exchequer, Jeremy Hunt, is reportedly considering significant reforms to Individual Savings Accounts (ISAs), which could result in substantial tax breaks for savers. The proposed changes, expected to be announced in the Autumn Statement on 22 November 2023, have sparked a range of reactions from financial experts. Read more…
Life insurance is a crucial financial safety net that provides peace of mind for you and your loved ones. But what if one policy isn’t enough? Can you take out more than one life insurance? The short answer is yes, but there are several factors to consider. Types of life Read more…
It is hard to deny that the cost-of-living crisis and rising interest rates are having a substantial impact on households, but new research indicates that over half of UK pension savers are concerned they won’t have sufficient funds to retire. Worryingly, this sentiment is shared by 39 per cent of Read more…
Analysis of the Financial Conduct Authority’s (FCA) Financial Lives Survey has revealed a significant trust and engagement gap in pension savings, particularly among younger adults. Trust in pension providers is lowest among 25-34-year-olds according to the FCA’s data, with 43 per cent scoring their trust as six or less on Read more…