Approaching Retirement? It might be worth checking your pension value.

June 20,2022 - Furnley House

Approaching Retirement? It might be worth checking your pension value. After years of saving into a pension, those people approaching retirement are likely to have been regularly checking the value of their investments. Some people may have recently found that the money held in their pension has fallen and will be worried that they have lost money. A drop in the value of your pension before retirement can be concerning,

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Divorce: How to secure a retirement future of your own

June 10,2022 - Furnley House

Divorce: How to secure a retirement future of your own The end of a marriage is often difficult. If you are facing divorce, understanding how valuable pensions are in negotiations is extremely important. Retirement can look different as a single person and making sure you have a secure plan in place can be reassuring as you look to the future. Pensions are often one of the most valuable savings pots

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Inflation: Watch the pennies, but not at the expense of the pounds

May 11,2022 - Furnley House

Inflation: Watch the pennies, but not at the expense of the pounds Inflation is a global concern and in the UK we are being warned to brace ourselves for further price rises. Consumers may be trying to reduce their outgoings by cutting down on the weekly shop or using less fuel, and even though these small savings add up, it is important not to lose sight of the bigger financial

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Why Pensions are off to a Bumpy Start in 2022?

February 09,2022 - Furnley House

Why Pensions Are Off to a Bumpy Start in 2022? For stock markets around the world it has been a bumpy start to 2022. US stocks fell in January with investors expecting interest rate rises and tensions between the US and Russia adding to the sense of uncertainty. This had a ripple effect through to the Eurozone and other countries where we saw share prices move erratically. It has been

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Pensions and Benefits Will Not Keep up With Cost of Living: Opening a Pension for a Loved One Protects Future Generations.

January 27,2022 - Furnley House

Pensions and Benefits Will Not Keep up With Cost of Living: Opening a Pension for a Loved One Protects Future Generations. Benefits need to rise in order to match the soaring cost of living, a think tank has warned. The Institute for Fiscal Studies (IFS) reported in January that 10 million people are affected by price hikes that were not matched by benefit rises. The rising cost of living has

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Despite Interest Rate Rise, Savers Are Still Losing Out

January 12,2022 - Furnley House

Despite Interest Rate Rise, Savers Are Still Losing Out The Bank of England increased the Base Rate to 0.25% in December. Whilst lenders have been quick to charge the higher interest rate to borrowers on variable rate mortgages, many banks and building societies have yet to increase the interest rates they pay to savers. Research by the Mail on Sunday revealed that savers in easy access accounts are on average

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New Year: Time to Take Stock of Your Pensions

January 05,2022 - Karl Jones

New Year: Time to Take Stock of Your Pensions The start of a new year can give savers impetus to review their pension savings and focus on long-term plans. Getting an up-to-date figure of the total amount invested so far and how much income you are on track to receive in retirement is a good starting point to reconnect to your retirement plans. It is also a good time to

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Global markets fall after Moderna Omicron warning: How could this affect those about to retire?

December 02,2021 - Matt Hughes

Global markets fall after Moderna Omicron warning: How could this affect those about to retire? Many people who are close to their chosen retirement date are now concerned by the latest stock market volatility. The discovery of the new Covid19 variant Omicron has made international news, and stock markets around the world have sharply fallen. Stocks fell further after the CEO of Moderna, Stephane Bancel, cast doubts on the effectiveness

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State pension: decision to scrap triple lock could push older people into poverty after UK inflation rise

November 22,2021 - Natasha Ely

State pension: decision to scrap triple lock could push older people into poverty after UK inflation rise This week, Government MPs refused to accept an amendment from the House of Lords to retain the ‘triple lock’ commitment they made to guarantee money paid in state pensions rises fairly and appropriately. The ‘triple lock’ is a formula which was introduced by the Conservative/Liberal Democrat coalition government in 2010 to guarantee pensioners’

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£21,000 a year is the minimum needed for a comfortable retirement

October 14,2021 - Steve Collier

£21,000 a year is the minimum needed for a comfortable retirement How much income do we need in retirement? It’s a question that can be difficult to answer, but new research tells us that we need at least £21,000 a year as a single person to live a moderate lifestyle, rising to £35,000 if we are living as a couple. More of us are saving in a workplace pension than

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