According to a survey in 2017 by the Financial Conduct Authority, about 15 million people in the UK have no pension savings at all. This means that they will have to rely solely on the State Pension when they enter retirement. It’s fairly obvious to see that this is not an ideal situation. So, what can you do to avoid this fate and plan adequately for your own retirement? … [Read more...] about 4 Ways to Plan for Retirement
When you are in the buzz of daily life planning for your financial future can seem like something that can be put off until another day. However, beginning to plan in this way is extremely important whatever age you are. In fact, the earlier you start the better as it gives time to build the saving and pension income streams needed for later life. But why is this so critical? … [Read more...] about Four ways to plan for your financial future
Saving for retirement is something we all know we should do. However, not everyone in today’s economy feels that they are able to put anything into savings exclusively for retirement. Most people in the UK workforce today rely totally on their pensions to provide for their expenses in later life.A recent report estimatesthat only about 32% of women and around 35% of men have a … [Read more...] about What You Can Do Today to Prepare for Your Future Cost of Living
A new study, from peer-to-peer lending platform Lending Works, has revealed that almost a quarter of UK adults believe they’ll never retire. Pensions are, of course, currently under scrutiny and the Government is facing a black-hole – as we live longer, and spend more time living on a state pension, the cost of pensions is ballooning. The Government has … [Read more...] about Do You Think You’ll Never Retire?
If you’re eligible for a Pension in 2016, it can seem daunting with all the on-going changes and regulations around it, it is hard to know fully what you are entitled to and how it all works. Maxim Wealth Management have put together a blog post with the latest news and on-goings from the state pension to reduce your confusion and help advise you on everything you need to … [Read more...] about Everything you need to know about your pension in 2016