Saving adequately for the future

The number of people saving enough for a comfortable retirement has hit its highest ever level, with almost three in five Britons (59%) now saving adequately for the future [1]. This is significant improvement from the 55% proportion recorded 12 months ago, suggesting this April’s auto-enrolment step=up had an immediate positive impact on saving habits.…

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Pension changes brought a whole range of options to consider

Unadvised retirees who are now able to dip into their pensions are having to return to work to cope with juggling their finances, according to a new report [1]. Pension freedoms have given individuals control over how to spend their retirement savings, but a number of unintended consequences have emerged. Since rules governing how pensions…

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Financial Support

Nobody wants to worry about how they’ll pay the bills if they become sick or injured and can’t work. But illness or injury can strike at any time and can lead to serious financial trouble. The latest government figures [1] report the dramatic increase in the likelihood of long-term sickness absence when we age, leading…

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Pension Scammers

Don’t let pension scammers enjoy your hard-earned pension proceeds. Anyone can be the victim of a pension scam, no matter how savvy they think they are. It’s important that everyone can spot the warning signs. Spot the warning signs so you don’t lose your life savings or be persuaded to invest in high risk schemes.…

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How do you leave a legacy which serves your family’s best interests?

Will you be one of the thousands of households in Britain that will have to pay Inheritance Tax? What’s the best way to avoid it? If you’re administering an estate because someone has died, how do you obtain probate? Is it ever possible to retrospectively minimise an estate’s tax liabilities? Inheritance Tax receipts reached a…

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A guide to critical illness cover

It’s important you don’t let a life-changing moment disrupt your home and work life and put a strain on your family’s finances which is why we’ve put together a guide on critical illness cover. What would life be like if you were diagnosed with a serious illness? Things could change very suddenly. You’d get your…

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Have more control over your pension pot

Saving for retirement is one of our greatest financial priorities and it may be the case you’d prefer to have more control over your pension pot. For appropriate investors, one option to consider is a Self-Invested Personal Pension (SIPP) Please note that a SIPP is a type of Personal Pension, and the rules as to…

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Have more control over your pension pot

Saving for retirement is one of our greatest financial priorities and it may be the case you’d prefer to have more control over your pension pot. For appropriate investors, one option to consider is a Self-Invested Personal Pension (SIPP) Please note that a SIPP is a type of Personal Pension, and the rules as to…

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What you need to know about the new State Pension

The figures for people qualifying for the full new State Pension following its introduction in April 2016 reveal almost two in five pensioners (365,290 people, or 38% of claimants) receive less than £150 a week, while a further 314,290 people (33% of claimants) receive more than £150 per week [1]. The new State Pension is…

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TIPS Financial Magazine - September/October

TIPS Financial Magazine Sep/Oct 2019

Welcome to the latest issue of our TIPS Financial Magazine. At the time of writing, the UK Government said it is ‘ready and willing’ to do a deal to leave the EU if new terms are negotiated with Brussels. But the new Prime Minister, Boris Johnson, has vowed the UK will leave the EU ‘come…

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Understand Investment Risk

If you want to plan for your financial future, it helps to understand investment risk. If you understand the risks associated with investing and you know how much risk you are comfortable taking, you can make informed decisions and improve your chances of achieving your goals. Risk is the possibility of losing some or all…

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Life Insurance Protection

Welcome to our Guide to Life Insurance Protection. It’s not easy to think about how you would secure your family’s future if you were no longer around. Understandably, we would rather not think of the time when we’re no longer around. But it’s important to protect the things that really matter – like our loved…

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