Retirement savers are shunning professional advice and could be losing out on thousands of pounds of income every year in retirement. Many take advice from the wrong people or do not bother at all, says a new survey by pension provider LV=. The firm has corralled retirement savers into nine groups based on how … Continue reading Failure to take professional financial advice is costly
Money matters too complicated for most adults While pensions, tax, and money matters are becoming ever more complicated, fewer ordinary people understand their finances. Research in the UK and the USA reveal that financial understanding is quite low and that providers and governments need to spend more money on education, rather than offering ever easier … Continue reading Financial Understanding
After the shock vote to leave EU are ditching plans to buy properties, homes and they are looking to work abroad. State agent hart told that the 11% rise in the number of people selling their property as compare to the June 2015. According to the Indeed people are more looking for their jobs … Continue reading After Brexit UK consumers ditch the spending plans
Older workers are clinging on to work instead of falling off the retirement cliff when they reach pension age, according to new research. Around one in 10 workers have no intention of retiring – especially if they are already over 65 years old, says a study by Co-op Funeralcare and Co-op Legal Services. Although … Continue reading 1 in 10 Over 50s Plan To Carry On Working
Expats are facing the unthinkable – losing subsidies, benefits and maybe even paying income tax in the Gulf States. Oil is the culprit. A spectacular decline in the price a barrel from more than $100 to around $30 in less than two years is forcing the rulers of once oil-rich desert kingdoms to rethink their … Continue reading Expats May Face More Taxing Times In The Gulf
If you are giving your retirement finances a work out to make sure your investments are performing, here are some tips about numbers you need to know. How much do you spend? This is the benchmark number you must nail down to give some idea of how much you will need to fund your … Continue reading 11 Numbers You Need To Know For Retirement
Life begins at 60 and middle-age is nearer 50 years old than 40, according to new research. Improvement in diet, medicine and technology now means many people are living to an average age well into their 80s, which has made the old phrase @life begins at 40’ redundant. A survey for Co-op Funeralcare and … Continue reading Forget Your 40s And 50s, Life Really Begins At 60
Relying on proverbs for investment advice is not the best of ideas, according to a leading financial expert. Investors often trot out the rhyme ‘sell in May and go away, don’t come back until St Leger Day’ as a proven strategy. The phrase has no religious meaning – it’s all to do with the … Continue reading Does Selling In May And Going Until St Leger Day Work?
It’s only natural that expat savers want to make the most of the cash they have stashed in poor performing offshore bank and building society accounts. However high their money mountains may reach, they need to keep making sensible financial decisions to keep growing their wealth. To help savers get to grips with managing … Continue reading 10 Investment Tips For Savvy Savers
No one really knows how much they need to save to retire because so many variables apply to the equation. Everyone has their own solution that takes into account factors like when you retire, how long you will live, how much you spend and how much you have managed to save during your lifetime … Continue reading How much money do you need to retire?