When leaving a job, how to stay updated on your retirement savings
Changing jobs often signals the start of an exciting new chapter, bringing fresh opportunities, new challenges and often a higher salary. However, amidst all this change, it’s easy to overlook certain details, such as your old pension, especially since new employers usually auto-enrol you into a new pension scheme.
An annuity converts pension savings into a regular income, providing financial stability in retirement. Annuities deliver guaranteed income, ensuring that retirees do not outlive their savings. Unlike drawdown pensions, which depend on market performance, annuities offer peace of mind through predictable payments.
A new report reveals that millions rely on guesswork when planning for retirement
Millions of UK adults are approaching retirement more guided by intuition than by careful planning, according to recent report findings[1]. The research reveals that 1 in 6 people (16%) rely on gut instinct to determine how much they will need for a financially secure retirement. Alarmingly, nearly two in five (39%) have not calculated their retirement needs at all.
Making the most of your new tax allowances for the 2025/26 year
As we are now a few months into a new tax year, it presents new opportunities to maximise your money. With new tax allowances available and another year to benefit from tax-efficient savings, now is the ideal time to organise your finances. Acting early can help you maximise your returns throughout the year and ensure you make the best financial decisions. Here’s why you ought to consider taking action now and how professional financial advice enables you to stay ahead.
Understanding the importance of nominating a beneficiary
A new study reveals a startling insight. As many as one in six (15%) individuals with a partner are unclear about who will receive their pension savings if they pass away before accessing them[1]. Even more concerning, this figure rises to nearly one in five (18%) among the Silent Generation (aged 79 and older). Such statistics highlight the urgent need for improved awareness and planning regarding pension inheritance.
