83% of parents are saving for their children in cash, but it might not be a good idea
The Independent reports that 76% of parents and guardians in the UK are saving money for their children under the age of 18. Helping your child step into adult life with some savings could prove vital for their mental wellbeing and financial stability and could help them further down the line. But, of those saving,
When can you access your pension? It might be further away than you think
The age you can access defined contribution (DC) pensions is rising. Research suggests that many people are unaware of this, but it could affect your retirement plans. At the moment, you can access money saved into a DC pension scheme from the age of 55. However, from 2028, this will rise to 57. If you’d
Guide: The guide to later-life planning and care
When you think about your future, how far ahead do you plan? Perhaps you’ve thought about what your life will look like in 10 years, but have you considered your later years? While retirement planning is common, it’s often the early years of retirement that people focus on. However, your needs and lifestyle wishes can
Investment market update: May 2021
As countries around the world began to tentatively reopen businesses and lift Covid-19 restrictions, there are strong signs of growth and recovery. However, this has been tempered with concerns around inflation and long-term growth prospects. UK In May, the Bank of England Governor Andrew Bailey increased the UK’s growth forecast to 7.25% for this year.
How FOMO investing could mean you make financial mistakes
Does FOMO – the fear of missing out – affect your investment decisions? It can lead to you making investment decisions that aren’t right for you and potentially mean you take more risk than is appropriate. At times, it can seem like everyone is investing in a particular company or sector. Perhaps you’ve seen a
