Delaying retirement could boost your chances of a secure financial future
With the persistently high inflation rate, it’s crucial for individuals nearing retirement to evaluate the impact of escalating living expenses. Adjusting or postponing retirement plans may provide enhanced financial stability in their golden years.
Errors can have long-lasting consequences, setting you back financially
As individuals, we all have diverse visions for our future – some may be considering the forthcoming five years, while others may be focused on the next two decades. Regardless of your aspirations, ensuring that your investments are well-positioned and diligently contribute toward achieving your desired outcome is crucial. Ultimately, making the most suitable choice for you and your objectives matters most.
A closer look at a financial understanding among Britons
A recent study has revealed that over half of the British population may not fully comprehend the hidden impact of inflation on their savings and buying power[1]. The research explored participants’ understanding of basic financial principles, including inflation, compound interest, risk and return, and the significance of life stages in financial planning.
Is your asset allocation aligned with your risk tolerance?
Your retirement portfolio serves as crucial financial support for an enjoyable retirement. Retirees with substantial portfolios may enjoy living off returns without touching the principal. However, those with smaller portfolios will likely need to access their funds eventually.
If you’re under 75 and have relevant UK earnings, you can benefit from tax relief when contributing to a personal pension like a Self-Invested Personal Pension Plan (SIPP) or workplace pension scheme within the annual allowance.
Helping you stay on track to achieve your financial objectives
Discussing the unforeseen is always a challenging conversation. We can’t predict what’s just around the corner. The financial consequences can be overwhelming when life presents unexpected or unfavourable events.
Life planning is not just about accumulating wealth; it also involves safeguarding the well-being of your loved ones. While contemplating the worst-case scenarios can be difficult, preparing for the future is crucial to ensure your family is protected in the event of your passing.
Life insurance is about securing peace of mind for you and your loved ones, knowing that financial protection is in place should the unexpected occur. In the event of a valid claim, a tax-free lump sum will be provided to offer the necessary financial assistance and breathing room during challenging times.
Term life insurance is a form of life protection that spans a predetermined duration (referred to as a ‘term’) – the payment is made in one lump sum. This coverage is valuable for safeguarding the financial well-being of dependents.
Protect your wealth and provide for your family when you die
Whole-of-life insurance is a policy designed to cover your entire life, ensuring a specified payout upon your death, no matter when it occurs. Some insurers also offer the option to include critical illness coverage as part of an integrated policy when purchasing life insurance.
