Cost of living crisis

Signs of more economically active people over the age of 50

Older people in the UK are increasingly returning to work, according to new research[1]. The cost of living crisis is now affecting many pensioners drastically. The research also found that the proportion of older people who are self-employed has more than doubled over the same period.

Healthy pension pot

Ways to maximise the value of your retirement savings

If you’re aiming to build a healthy pension pot to fund your retirement, there are a few key mistakes you’ll want to avoid. These can set you back and make it harder to reach your goals.

Effects of inflation

Being aware of how it can impact your retirement plans

When it comes to planning for your retirement, one important factor to consider is the impact of inflation on your future pension income. While the cost of living will obviously increase over time, the rate of inflation can have a significant impact on how far your pension income will go in retirement.

Start saving early and often

What kind of lifestyle do you want to maintain?

How much you’ll need to retire depends on a number of factors, including how long you expect to live in retirement and what kind of lifestyle you want to maintain.

Embracing early retirement

‘Enjoy more freedom while still being physically fit and well enough to enjoy it’

The traditional retirement age is no longer what it used to be. More and more people are choosing to retire early, and there are a number of reasons why this is becoming increasingly popular.

Cash may not be king

Choosing what to do with your pension is a big decision

If you’ve been saving into a defined contribution pension (sometimes called ‘money purchase’) during your working life, from age 55 (age 57 in 2028) you need to decide what to do with the money you’ve saved towards your pension when you eventually decide to retire.

Combining multiple pension pots into one single pot

Simplify your finances and make it easier to keep track of your retirement savings

If you have ever changed jobs, moved homes or had a company you worked for change ownership or close down, then you know how easy it is to lose touch with your pension savings provider. This can happen for a variety of reasons, but it often means that your savings are no longer as secure as they could be.

Accumulating a nest egg

Why saving enough for retirement is challenging for many people

One of the biggest financial challenges people face is saving enough money for retirement. There are a number of factors that can make this difficult, such as low income, high living costs and unexpected expenses.

Golden years

Pensions represent our biggest single source of private wealth

As we live longer and fewer of us have the security of a final salary pension, it’s more important than ever to think about our retirement income.

‘Home is my Pension’ generation

People using property to support their retirement lifestyle

The significant increase in property prices in recent years has likely shifted many people’s expectations about the role property wealth will eventually play in supporting their retirement. With people spending longer in retirement, one of the challenges that many need to overcome is how to fund it and how to meet the financial demands they may face in later life, such as the cost of long-term care.