Can you still provide for your retirement ?

Posted by siteadmin on Thursday 9th of November 2017

Postponing saving for retirement until you reach your fifties would not so long ago have been considered leaving matters far too late to put anything meaningful away for your life after work. Previous generations saw building a pension as something to do over an entire career, with contributions throughout your working life coupled with investment growth being the only way to ensure your retirement pot was substantial enough to provide for you throughout your retirement.

However, whilst the effects of compound interest still means that anyt...


October Market Commentary

Posted by siteadmin on Friday 6th of October 2017

Well, we’re still here. Despite the seemingly best efforts of the leaders of the United States and North Korea – the world is still turning. But September was a month of ‘another day, another North Korean rocket flying over Japan’ and it ended with Kim Jong-un threatening to explode a nuclear bomb over the Pacific. Small wonder that South Korea is creating a special military unit with only one aim, which does not bode well for Kim.

Meanwhile, central bankers have warned that, well… they seem to have lost $13tn. The Bank for International Se...


Do you have a forgotten pension somewhere?

Posted by siteadmin on Friday 6th of October 2017

Recent research from Royal London has found that around five million people in the UK have ‘forgotten’ pension pots from final salary schemes of former employers.

What’s more most of these deferred members don’t know the value of their benefits, thanks to a lack of communication from the providers of their old schemes. Some schemes are diligent in keeping in touch with deferred members but many don’t bother. Contact is most likely to be lost where the former members change address, without notifying the scheme or the previous employer. Many...


The pros and cons of downsizing

Posted by siteadmin on Friday 6th of October 2017

If your family has grown up and flown the nest and you’re moving closer to retiring, it’s likely that you’ve at least thought about downsizing your home. For some it can be for practical reasons, for others it might be a desire to be closer to their children if they’ve relocated. For others still it might simply be the desire for a change of scenery as they move into the next chapter of their life. But there are pros and cons to downsizing which need to be considered before you make what is always going to be a fairly major personal and fina...


Save at least 11% of your income for retirement!

Posted by siteadmin on Monday 4th of September 2017

A recent study by leading think-tank the International Longevity Centre has suggested that people should aim to save a minimum of 11% of their income in order ‘to achieve an adequate retirement income’, which is defined as 70% of the amount earned whilst working. The think-tank emphasises that this is a minimum amount and in fact recommends a figure closer to 20%, particularly for younger adults near the start of their working life. Getting into good habits to save for your retirement can be tough, but here are a few suggestions if you’re no...


Time, not material goods, raises happiness

Posted by siteadmin on Monday 4th of September 2017

A new study has found that paying to free up your time is linked to increasing your level of happiness. Individuals taking part in a psychological experiment said that they felt happier when spending $40 (around £30) to save themselves time rather than buying material goods.

Stress over not having enough time can lead to reduced well-being, as well as being a contributing factor in conditions such as insomnia and anxiety. However, it has been reported that even the wealthiest people are generally unwilling to pay others to carry out tasks t...


September Market Commentary

Posted by siteadmin on Monday 4th of September 2017

Introduction

It is hard to start this commentary anywhere other than North Korea – or maybe crouching in Japan as a North Korean missile passes overhead. At the beginning of the month, Kim Jong-un threatened to bomb Guam, the US territory in the Western Pacific, and by the end of the month air raid sirens were sounding in Japan’s Hokkaido Island. Prime Minister Shinzo Abe described North Korea firing the missile as an “unprecedented” threat to his country. Wall Street’s ‘fear index’ unsurprisingly jumped during the month as President Trump ...


August Market Commentary

Posted by siteadmin on Thursday 3rd of August 2017

July got off to the best possible start when Janet Yellen, Chair of the US Federal Reserve, announced that there would be no more financial crises “in our lifetime.” Speaking on a trip to London, she said that the reforms of the banking system since the 2007 to 2009 crash had “minimised the risk of a similar disaster happening again.” Phew, that’s alright then. And if you’re reading this commentary, Ms Yellen, just skip over the bit about Italy…

Sadly, the word ‘crisis’ isn’t just confined to banking. July was the month when Kim Jong-un got...


Planning for the best time of your life

Posted by siteadmin on Thursday 3rd of August 2017

Whether you’re nearing the start of your retirement or you’ve still got a few years of work ahead of you, it’s likely that you’ve already started planning this next significant phase in your life. But no matter how much you read, how many numbers you crunch and how many pounds you put away, you might still find yourself constantly adopting a pessimistic view on what should be the period of your life set aside purely for you to enjoy yourself. Psychologists describe this as “awfulising” – focusing on everything that could go wrong, to the poi...


Will interest rates ever rise?

Posted by siteadmin on Thursday 3rd of August 2017

The deputy governor of the Bank of England has stated that the bank should not be tempted to increase interest rates due to “imponderables” within the UK economy. The comments from Ben Broadbent, an ally of the governor of the Bank of England, Mark Carney, and a member of the Monetary Policy Committee (MPC), were published in an interview in mid-July and have suggested that any chance of borrowing costs rising soon are incredibly slim.

The deputy governor explained that he had kept the overall mood of businesses at the centre of his analysi...


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