How to pick the right voluntary post for you

Posted by siteadmin on Tuesday 6th of August 2019

Volunteering can be incredibly rewarding. If it’s something you’re thinking about getting involved in, there are thousands of charities in the UK to choose from, as well as numerous organisations that rely on donated time to run efficiently. So, how do you choose a volunteering opportunity that’s right for you?

Whether you want to volunteer at one-off events that fit around work or make a bigger commitment as you enter retirement, volunteering has plenty of benefits. As well as the feel-good factor of helping a good cause, it can be an exce...

Passive vs active: Choosing the right investment strategy

Posted by siteadmin on Tuesday 6th of August 2019

When you’re investing your money through a fund, there are two main strategies: passive and active. The debate around which is the most effective way to invest your money has been raging for years. So, which should you opt for?

As with all investment decisions, it will depend on your goals and personal attitude to investing. However, it’s important to understand the difference between the two options when you’re making investment decisions. Both terms refer to how an investment fund is managed. There are more active funds available to choos...

Using your savings to achieve aspirations

Posted by siteadmin on Tuesday 6th of August 2019

What’s on your bucket list? Whether incredibly exciting experiences, exotic travel destinations or something entirely different features on your list, it’s likely finances will play some role in how achievable they are. Could your savings be used to tick a few of your aspirations off?

You may have been saving with specific goals in mind or simply putting money to one side for the future. However, dipping into savings can be something people find difficult. To have built up a healthy savings fund you’ve likely established good money habits a...

5 questions to ask when you’re planning for retirement

Posted by siteadmin on Tuesday 6th of August 2019

Planning your retirement can be a challenge. There are multiple areas to think about and you may not have a clear idea of what you want it to look like. However, whilst putting off planning until the retirement date arrives might seem attractive, it can mean missing out. Taking a proactive approach in the run-up to retirement can provide focus.

If you’re at a loss about where to start with retirement planning, bringing the spotlight back to you should be your first step. There’s no single type of retirement that suits everyone. A key part o...

What is a bear market?

Posted by siteadmin on Tuesday 6th of August 2019

The world of investing can often seem like it’s filled with jargon and confusing phrases. Among those may be ‘bear market’ and ‘bull market’. When you’re reading the financial papers of newspapers or browsing online, these terms are likely to crop up, but what do they mean?

Bull markets: A bull market is typically characterised by optimism and economic growth; financial markets are rising or expected to rise. When the stock market is bullish, it’s anticipated that strong results should continue for an extended period of time. There’s no uni...

Just a fifth of investors stuck to their plan during 2018 volatility

Posted by siteadmin on Tuesday 6th of August 2019

2018 proved a difficult year for investors. Volatility meant many saw the value of their investments fluctuate and it led to the majority tinkering with their long-term financial plans amid concerns. However, it’s a step that may not be right for them and could mean lower returns over the long term.

During a year that was characterised by global economic concerns and uncertainty, from Brexit to a trade war between the US and China, investment markets were volatile. In the last quarter of 2018 alone the MSCI World Index fell by 13.9%, the 11...

The basics of Inheritance Tax and why it’s being reviewed

Posted by siteadmin on Tuesday 6th of August 2019

Inheritance Tax (IHT) is one of the most unpopular types of tax in the UK and often referred to as a ‘death tax’. With the Office of Tax Simplification (OTS) reviewing it and recommending changes, it’s the perfect opportunity to look at why and what the current rules mean for you.

IHT is paid on around one in 20 estates in the UK. Whilst that’s relatively few, the bill can be significant and it’s one that your estate could be liable for without realising it, particularly when you factor in property growth. During the 2018/19 tax year, IHT r...

Are you at risk of outliving your pension?

Posted by siteadmin on Tuesday 6th of August 2019

We spend much of our working lives contributing to a pension to create an income that affords a comfortable retirement with a few luxuries. But a survey suggests that many saving into a pension are worried about running out.

A poll conducted by FT Adviser asked financial advisers what their clients planning for retirement two decades away were most concerned about. Some 72% said living longer than pension savings would last came out top. Two other responses also highlighted worries about finances during retirement:

  • 10% said clients had c...

The challenges of balancing different goal timeframes

Posted by siteadmin on Monday 13th of May 2019

When you think about financial and lifestyle goals, there are probably several, each with a different timeframe. Juggling them and weighing up your priorities can be challenging. Should you focus on paying off your mortgage quickly now, or saving into a pension for retirement that’s still many years away?

With conflicting goals, it can be difficult to have confidence in your finances and long-term financial stability. When you start thinking about goals, it's likely there's several with different time scales, and it can be tempting to focus...

Using your home to fund retirement

Posted by siteadmin on Monday 13th of May 2019

When planning for retirement, it often means bringing together different income streams to suit you; rarely is your retirement income just from your pension. You might also be considering how to use your savings and investments, for example. One way to boost income in retirement that’s growing in popularity is through using property.

It’s easy to see why; property prices have increased significantly over the last few decades. For many retirees, their home will be one of the largest assets they own. Combine this with a retirement that is bec...