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Cost of Divorce Following Couples into Retirement

Cost of Divorce Following Couples into Retirement

People who divorce may face an ongoing financial hit from it throughout their retirement, according to new research by Prudential. Younger divorcees and women especially are making potentially very costly mistakes by under-valuing their pensions. The…

Are You a 40-Year-Old Pension Virgin?

Are You a 40-Year-Old Pension Virgin?

You may be well on the way to middle age, but some of life’s most important mysteries still remain unexplored. It’s natural to be shy about discussing it in public – but in this new era of pension freedom, practically everyone’s doing it. Shouldn’t y…

Learn to Speak Pension

Learn to Speak Pension

Do you know your defined contribution pension from your money purchase pension? Wait – aren’t they the same thing? Here’s a pension primer with a difference, as we tell you what all those confusing terms really mean. Reading about pensions is enough …

Self-Employed? Don’t Forget Your Pension

Self-Employed? Don’t Forget Your Pension

They say ‘Don’t ignore the workplace pension’ – but that’s exactly what many self-employed people are doing. If you are your own boss, saving into a pension is easy to forget about – but if anything, it’s even more important to remember. Thanks to a…

Over £19 Billion ‘Lost’ in Forgotten UK Pensions

Over £19 Billion ‘Lost’ in Forgotten UK Pensions

UK workers have lost track of up to 1.6 million workplace pension pots, according to the latest estimates. A lack of understanding of how to manage pension savings could result in many people being substantially worse off in retirement. Failure to ke…

How Your Child Can Retire a Millionaire

How Your Child Can Retire a Millionaire

For the truly patient parent, there’s a little-known trick for setting your child up for life – later life, that is. A Junior SIPP may offer the most affordable long-term route to a millionaire’s retirement for your daughter or son. Starting a pensio…

Pension Contribution Hikes Spell Good News Long-Term

Pension Contribution Hikes Spell Good News Long-Term

The mandatory minimum contribution into workplace pensions is set to increase in April, as part of the government’s bid to prevent a future pensions crisis. Consequently, millions of workers who are paying the current minimum will see their take-home…

How Your Ex Might Still Inherit Your Pension

How Your Ex Might Still Inherit Your Pension

Many people approaching retirement may be unwittingly naming an ex-spouse or ex-partner as their pension beneficiary upon their death. According to a Royal London study, out-of-date paperwork may put current partners at risk of missing out. Over thre..

Riding the Ups and Downs of Drawdown

Riding the Ups and Downs of Drawdown

Poor stock market performance has hit investments hard over recent months. This can be a real problem if your pension is in a drawdown scheme. Find out how the market might affect your retirement income – and what you can do about it. When you retire…

Will Your Pension Be Affected by a No-Deal Brexit?

Will Your Pension Be Affected by a No-Deal Brexit?

What will happen to pensions when we leave the EU? With the possibility of a no-deal Brexit, there is even more uncertainty over retirement funds. We look at how your pension could be affected – whether you have dreams of retiring abroad or staying i…

Gig Economy Hides Gigantic Pension Problem

Gig Economy Hides Gigantic Pension Problem

Nearly half of the UK’s self-employed workers may have to rely on just the State Pension in retirement – which a recent report has found to be the ‘least generous’ in the developed world. As the gig economy grows, a potential pensions time bomb is gr…

How to Spot and Avoid Pension Scams

How to Spot and Avoid Pension Scams

Pension scams come in lots of shapes and sizes, but they all have the same effect – you lose your life savings. Victims of pension scams on average lost £91,000 each, according to the Financial Conduct Authority (FCA). Don’t let others enjoy your ret…

What This Lottery Winner Can Teach You About Your Pension

What This Lottery Winner Can Teach You About Your Pension

A teenager wins a fortune with her first ever lottery scratch card, and must make a life-changing choice. But anyone saving up a pension pot may face a similarly big decision. What would YOU do? If someone offered you a million pounds now, or a thous…

Will We Ever See a Pensions Dashboard?

Will We Ever See a Pensions Dashboard?

For some time now the government has been promising an online ‘pensions dashboard’ that will let savers view and manage all their pension arrangements in one place. Meanwhile, private pension providers are competing to deliver a similar service to co…

How Much Do I Need to Save to Retire at 55?

How Much Do I Need to Save to Retire at 55?

There’s no longer such a thing as ‘retirement age’ – you’re simply free to access most pensions from the age of 55. But what if you actually did want to retire at 55? We take a look at what you’d need to make that dream a reality. There’s an old joke…

Check out the Latest NorthStar Investment Results

Check out the Latest NorthStar Investment Results

One of the key services we provide our clients is investment management. As well as helping our clients protect the wealth they have already accumulated, it’s also crucial to help them grow their wealth over time. We have developed a unique investmen…

Pensions: Are You on Shaky Ground?

Pensions: Are You on Shaky Ground?

Pensions have always been complicated, but these days there is much more information to get your head around. Because of the radical changes in 2015, much of what you have previously assumed may turn out not to be true after all. How many of these pe…

The Dangers of Pension Release

The Dangers of Pension Release

More than £17 billion has been withdrawn legitimately from pensions in the form of cash lump-sums and annuities since the new freedoms were introduced in 2015. But the new freedoms have brought new dangers. Some companies are now specifically targeti…

The Perils of a Pension Spending Spree

The Perils of a Pension Spending Spree

Research for Channel 4’s Dispatches suggests that the government has seriously underestimated how people will use their new pension freedoms. Big dangers face an ageing population that may have lots of ready cash, but less awareness of where to find…

Stop Leaving Shoes on the Stairs! (Plan Your Pension)

Stop Leaving Shoes on the Stairs! (Plan Your Pension)

We can spoil our retirement years by the slip-ups we make today. These pension planning errors prove that forgetfulness is a young person’s problem, too. We know about the really huge pension mistakes: not starting one, or starting one too late. Thes…

8 Questions About Workplace Pensions Answered

8 Questions About Workplace Pensions Answered

Millions of employees have started enjoying the benefits of workplace pensions since automatic enrolment was introduced six years ago in 2012. These findings from The Pensions Regulator come as thousands of smaller employers are finalising the enrolm…

How to Steer Your Pension Back on Course

How to Steer Your Pension Back on Course

From the age of 55 you now have full control of your pension. But has anyone told you how to drive it? Taking wrong turnings now could limit your options later on – so make sure you arrive safely in your chosen retirement by taking our quick pension …

Your Pension – Don’t Kill the Goose!

Your Pension – Don’t Kill the Goose!

A decision on your pension can take only a moment, but you might have three decades to regret it. New market figures suggest that many people just aren’t giving this process the necessary attention, and could be damaging their retirement prospects. Y…

Don’t Suffer a Pension Hangover

Don’t Suffer a Pension Hangover

You can now draw out your whole pension pot in one go – at least in theory. But, like drinking a whole bottle of champagne, what might sound fun can end up being a headache. If you don’t want a tax-induced hangover, it pays to know your limits. A pensio…

Will My Workplace Pension Be Protected?

Will My Workplace Pension Be Protected?

The collapse of Carillion has once again drawn attention to the pension schemes of companies that go into administration. Following similar cases at BHS and Tata Steel, members of the Carillion scheme will need to be moved into the Pension Protection…

See Annuities in a New Light

See Annuities in a New Light

Annuities have made a comeback. Having gone from being compulsory to being as fashionable as chintz, they’ve seen a surge in popularity since last year. But why? Some are suggesting it boils down to one word: certainty.Think about the past 30 years…

Your Home as Your Retirement Fund – the Pros and Cons

Your Home as Your Retirement Fund – the Pros and Cons

New research suggests that homeowners are saving less into pensions than people who rent their properties. Some are clearly banking on their house as a source of money in later life – but when it comes to retirement, is property or a pension your bes…

Sitting Pretty – Why Your Baby Needs a Pension

Sitting Pretty – Why Your Baby Needs a Pension

Welcome to the world of extreme financial planning. If you can’t imagine starting a pension pot for a baby, you’re not alone. But thanks to their ultra-forward thinking parents, some toddlers might be growing up on a gold mine. Picture the scene at p…

How to Avoid Your Pension Becoming Shipwrecked

How to Avoid Your Pension Becoming Shipwrecked

Ready to set sail for pension freedom? Then watch out for those rocks. There are more ways than ever to get the kind of retirement you dream of – but for a whole generation these are uncharted waters. Here are seven reasons why you may need an expert…

Annuities vs Drawdown – the Big Fight!

Annuities vs Drawdown – the Big Fight!

In the blue corner, the long-reigning champion of retirement planning: the annuity! In the red corner, the challenger for the pension freedom crown: drawdown! But which is better? There’s only one way to find out. Some people enjoy a flutter now and…

Three Great Reasons to Start a Pension for Your Child

Three Great Reasons to Start a Pension for Your Child

When you say the word ‘pension’ to most people they see it as something to worry about in the middle age. Who wants to be thinking about getting old and what retirement might look like when you’re young? The problem is that for most people, by the ti…

7 Reasons to Consider Trading in Your Final Salary Pension

7 Reasons to Consider Trading in Your Final Salary Pension

The world of pensions is ever-changing. Rules of thumb that many people took for granted may no longer apply. This could well apply to final salary pension schemes and some questions are now being asked about whether they remain the ‘gold-plated’ opt…

Insulate Your Money This Winter

Insulate Your Money This Winter

Did you know that we lose most of our savings through our heads? That’s right – because we don’t think about how much unnecessary tax we’re paying. Here are some ways to make sure your money is wrapped up tight, to keep out those (over) draughts. If your …

Scrooge’s Christmas Pension Plan

Scrooge’s Christmas Pension Plan

Herein lies a tale in which a youthful gentleman of casual bearing has an unsettling encounter with an irascible festive spirit, which in its wisdom enlightens the young fellow with useful and practical pension advice. Sitting comfortably? Then let us beg…

What Happens to the Money in Your Pension When You Die?

What Happens to the Money in Your Pension When You Die?

Many people have saved long and hard for their retirement using a pension to invest their money. It’s not only important to think about how your pension can best fund your own retirement, but also to think about how you could pass on your pension to your s…

Top Tips for Using Your Pension Freedom

Top Tips for Using Your Pension Freedom

We’re now more than a year into so-called ‘pension freedom’, and the UK is starting to get a feel for the new way in which pensions work. If you plan to take your pension within the next five to ten years, make your choices easier with these tips and rules…

Can You Afford to Live to 100?

Can You Afford to Live to 100?

As people live ever longer lives, we look at the financial challenges this might present in future. We also consider what action we can take today to ensure we can all afford to live a long, happy and fulfilling life. People are living longer – much lon…

Pack Your Retirement Parachute

Pack Your Retirement Parachute

What is it about pensioners and parachutes? We turn 55 and feel suddenly compelled to fling ourselves from high places strapped to an outsized duvet cover. But by a neat coincidence, skydiving can teach us a crucial lesson about retirement. Picture the sc…

Annuities Under the Microscope

Annuities Under the Microscope

Pension annuity rates have been falling for some time – and the Brexit vote sent them tumbling still further. Can an annuity still provide could value for you in retirement, or should you explore other options? We take you through some ‘what if?’ scenarios…

Beat Brexit Pension Woes in 5 Moves

Beat Brexit Pension Woes in 5 Moves

Annuity rates are at record lows and long-term uncertainty looms in the wake of the Brexit vote. We look at how can you plan your retirement income under these conditions. Since the country voted for Brexit on 23 June there has been both good and bad news…

How Well Do You Know Your Workplace Pension?

How Well Do You Know Your Workplace Pension?

Many more of us are saving into a workplace pension which is great news, but very few of us take any further interest in those pensions. By not looking more carefully at how your pension is invested, you could be missing out on tens or even hundreds of tho…

Can You Downsize to Fund Your Retirement?

Can You Downsize to Fund Your Retirement?

For most people lucky enough to own one, their biggest financial asset is their house. And it may have been your long-term plan to sell up in retirement and live off the proceeds. But when it comes to the crunch, could you do it? Our ‘Look before you leap’…

How to Avoid Pension Rip Offs

How to Avoid Pension Rip Offs

With new freedoms come new risks Last week’s BBC Panorama show entitled ‘Pension Rip Offs Exposed’ highlighted a conundrum for people saving for their retirement. The reality is there are a lot of excellent pensions doing a great job for investors that w…

8 Reasons Your Pension May Not Be Fit for Purpose

8 Reasons Your Pension May Not Be Fit for Purpose

For most people, their pensions are likely to be their primary source of income in retirement. With average life expectancy in the UK rising all the time, pensions will have to fund our lifestyles for an even longer period. With this in mind, it is crucial…

How to Give Your Finances a Proper Spring Clean

How to Give Your Finances a Proper Spring Clean

Many people find it hard to make time to manage their money. As well as the complexities around financial products, we find that the biggest barrier to people staying in control of their money is often down to a lack of time and effort devoted to their fin…

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