Unique insight into the current attitudes towards pension investment Prevailing concern among savers regarding their capability to make informed investment decisions A comprehensive survey has unveiled a complex picture of how savers perceive their pension investments. Despite a high level of awareness, with 82% of pension savers acknowledging that their pensions are invested, a mere 26% possess knowledge about the specifics of these investments[1]. This gap in understanding presents a unique insight into [MORE]

Strategic reinvestment of State Pension increases When transferring into a personal pension may make sense Following the 8.5% rise in the annual State Pension from 6 April, the redirection of this enhanced income into private pension savings could make sense under certain conditions. The idea of investing one’s State Pension into a personal or Self-Invested Personal Pension (SIPP) might seem at odds with conventional wisdom. Given its foundational role in providing retirement income [MORE]

Mind over matter How behavioural investing can shape financial futures In the world of investing, where numbers and market analyses typically dominate, a crucial element often remains veiled in the backdrop – our behaviour. Behavioural investing emerges as a pivotal field, merging the realms of finance and psychology to scrutinise how our emotions, cognitive biases, backgrounds and worldviews intricately influence our investment decisions. It ventures into the less discussed but significant spectrum of [MORE]

Overcoming the gender investment disparity Critical insights to empower women to take the reins of their financial destinies A recent study has spotlighted women and investing, offering critical insights that aim to empower women to take the reins of their financial destinies and forge paths toward a prosperous future. Notably, an impressive majority of women (68%) engage in investment activities at least once a month, with over two-fifths (42%) diligently monitoring their savings [MORE]

Unveiling the core principles of investing Timeless beacons guide investors through periods of market volatility towards financial prosperity In finance, the core investing principles stand as timeless beacons, guiding investors through periods of market volatility towards financial prosperity. These principles, distilled from the wisdom of centuries and the hard-won experience of investment titans, serve not merely as strategies but as foundational truths that underpin the very art and science of investing. As we [MORE]

New pension tax framework Pivotal shift changes you need to know commenced from 6 April 2024 Beginning on 6 April 2024, a pivotal shift in pension benefit taxation commenced. The Lifetime Allowance (LTA) was replaced by a new structure comprising three distinct allowances: the Lump Sum Allowance (LSA), Lump Sum and Death Benefit Allowance (LSDBA), and Overseas Transfer Allowance (OTA). The implications of these changes will largely depend on individual circumstances, such as [MORE]

Troubling trend amongst UK workers Prevailing issue of presenteeism highlights a need for a transformation in workplace culture In an era where the lines between work and personal life are increasingly blurred, a new study sheds light on a concerning trend among UK employees. Despite advancements in workplace policies and a growing emphasis on mental health and wellbeing, a significant number of workers are still pushing themselves to work even when they are [MORE]

Generational wealth perspectives Whether through property, pensions or a blend of both, informed decision-making is crucial A recent study suggests that a substantial proportion of Generation Z, born from 1996 to 2010, view property acquisition as their principal avenue to amass wealth for their retirement years [1]. This perspective is slightly more prevalent within this demographic than the reliance on pensions, with 33% of Gen Z individuals planning to utilise property as a [MORE]

Understanding pension uncertainties Survey highlights prevailing uncertainty among those on the cusp of retirement A recent study reveals that a considerable proportion of UK adults, including a significant number nearing retirement, find themselves in a quandary regarding their State Pension entitlements and the commencement of their payments[1]. The research underscores that 31% of Generation X individuals (ages 42-57) are in two minds about their retirement timing, in stark contrast to 19% of Baby [MORE]

Rising trend of unretirement 14% of those aged over 55 have found themselves re-entering the workforce In recent times, a significant portion of retirees, specifically 14% of those aged over 55, have found themselves re-entering the workforce, driven by the inadequacy of their pensions to meet rising living costs, according to new research[1]. This phenomenon, further compounded by an additional 4% contemplating a return to employment, highlights a growing trend among older generations [MORE]