December Fact Sheets

All of our December financial guidance factsheets are available to download below. Each one focuses on a different financial aspect to help guide you when setting and reaching your financial goals. If there is anything you are unsure about, or would like further information, all of our independent financial advisers offer a free initial consultation…

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Coronavirus alters retirement plans

One in eight older workers extend their planned retirement age. The coronavirus (COVID-19) crisis has disrupted many people’s working lives in ways we couldn’t have imagined. It’s been deeply worrying to see some people now planning to retire earlier than they intended – including many who have been on furlough. That’s fine where it’s a…

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Intergenerational financial planning

COVID-19 increases desire for sustainable investing for half of UK adults. The coronavirus (COVID-19) pandemic has prompted a desire to move into ethical and sustainable investing for more than half (51%) of advised UK adults, according to a new report. And while the trend is common across the generations, it’s Millennials who are leading the…

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How to trace multiple old pension pots

Over time, pension schemes close, merge or become renamed Changed job? Moved house? It’s not always easy to keep track of a pension, especially if you’ve been in more than one scheme or have changed employers throughout your career. Over time, pension schemes close, merge or become renamed. So even if you remember the name…

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Coping with life-changing events

Change is the only constant in life. It inevitably involves twists and turns, with some that are expected while others may be entirely unplanned. When this happens, it’s important to feel secure with the knowledge that you have the right contingency plan in place. None of us can predict exactly what a life-changing event will…

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TIPS Financial Magazine Nov/Dec Edition 2021

Welcome to our November/December 2021 magazine. This issue was written prior to the Chancellor of the Exchequer, Rishi Sunak, presenting the second UK Budget of 2021 on Wednesday 27 October. We will look at the key announcements included in the Chancellor’s red box in the next issue. Inside, ‘How can I protect my money from…

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Retirement plans being put in jeopardy

Pandemic threatens pushing over-50s into pension poverty and throws retirement plans into jeopardy. More than half (53%) of people in their 50s fear running out of money in retirement, as they have been the most likely to face job and income losses of any age group during the coronavirus (COVID-19) pandemic (23%), according to a…

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What’s happening with inflation?

Easing of lockdowns boosts consumer confidence and unleashes pent-up demand. Understanding inflation is an important factor when it comes to your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could find your wealth shrinks over the years. The current…

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Financial Futures

Gen Xers expected to face significant challenges in retirement With many Gen Xers (those born between 1965 and 1980) having entered the job market too late to benefit from final salary pensions, yet too early to benefit from schemes such as auto-enrolment, this group is expected to face significant challenges in retirement if policymakers fail…

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Gender pension gap

The staggering impact of the gender pension gap has been revealed in research which shows that women have lower pension pot sizes in every age bracket, with the situation significantly deteriorating as they approach retirement. PENSION POT SIZES The research highlights that there is always a difference in pension pot sizes between genders, even at…

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Property wealth boost

Older homeowners received a £1.94 billion property wealth boost in the first half of 2021, data shows. More than half of the proceeds of equity release (52%) were used to clear mortgages (45%) and manage unsecured debts (7%), while 23% was used to help family and friends – notably for help with house deposits as…

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How has COVID-19 affected retirement plans?

The coronavirus (COVID-19) pandemic has impacted on every aspect of our lives, affecting individuals’ financial situation and, for many, their plans for retirement. If you are approaching retirement in the next 12 months, your plans should be under continuous review. In This article I will be discussing how COVID-19 has affected peoples retirement plans.  …

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