Big Zuu urges people to pay attention to their pension in new campaign aimed at increasing savers’ awareness

Grime artist and TV cook dinner Big Zuu has turn into the face of a new campaign aimed at increasing savers’ awareness about their office pension. Fittingly named Pension Attention, the campaign isn’t about getting people to pay extra into their pots, however about simply “connecting or reconnecting” to their later life financial savings. “It’s … Read more

Retirees using pension pots and remaining in work as UK prices soar, new data shows

Older persons are being pressured to remain in work longer or to withdraw extra from their current pension pots in order to outlive the price of dwelling disaster, figures present. Retirees of all ages have taken 22 per cent extra out of their pension funds in the primary half of 2022 in comparison with the … Read more

‘What should I do with my £40k pension pot?’ Financial experts explain the best options for retirement funds

What would you do should you found a pension pot price hundreds? Would you stick with the plan it’s at the moment invested in or transfer it, risking making a bonus – or a loss? This is what occurred to Sara Burney, a solicitor dwelling in the Midlands, who not too long ago tracked down … Read more

New campaign launched to help mothers with payments after DWP error uncovered

A brand new campaign has been launched in a bid to help 1000’s of mothers safe tens of millions of kilos in underpaid state pensions because the Department for Work and Pensions (DWP) admits a brand new class of error in its annual report. Experts from Lane Clark & Peacock LLP (LCP), the legislation agency … Read more

Tips for you to continue saving despite soaring UK inflation

Inflation over 10 per cent, rising rates of interest and the prospect of soaring vitality payments in October are already taking their toll on family finances. But for these counting on earnings generated from pension investments, the grim financial outlook spells volatility within the inventory market and the danger that corporations preserve money and lower … Read more

Three risks to consider before you tap into your pension early, according to experts

Faced with hovering vitality payments and the price of dwelling disaster, rising numbers could also be considering of tapping in to their pension financial savings to tide them over. This might save them money within the quick time period, nevertheless it may very well be damaging in the long run. Pensions experts are warning that … Read more

Majority of young adults in the UK don’t believe they’ll be able to rely on a state pension in the future

The majority of young adults in their 20s believe they received’t be able to rely on a state pension in future, in accordance to new analysis. In a survey performed by mutual life and pensions supplier, Royal London, greater than half (56 per cent) of respondents stated they count on to have to wait till … Read more

Should you consolidate your pensions? The pros and cons of putting all your retirement funds in one place

With most individuals beginning a brand new pension each time they begin a brand new job, thousands and thousands of individuals are more likely to attain retirement with a number of pension pots. They could already be receiving a number of communications from completely different pension suppliers and bear in mind they’ve a number of … Read more

How to increase your retirement savings from boosting pension input to checking how it is invested

Many can be involved about their dwindling funds in the meanwhile with some dipping into their pension pots to get by the price of residing disaster. However, specialists have warned it is very important customers keep away from doing that in the event that they probably can as it will go away them with decreased … Read more

Cost of living disaster: Over-50s face lifetime of financial insecurity, warns research group

People aged over-50 are dealing with a lifetime of financial insecurity off the again of the associated fee of living disaster, a research group is warning. Data from Edinburgh University’s Smart Data Foundry discovered financial inactivity charges have risen by a 3rd among the many over-50s age group since 2019. It revealed folks aged 50 … Read more