Category: Finance
‘I lost £66,000 after botched pension transfer’
Over 55s tempted to access their pension pots during the pandemic will be urged to reconsider after market falls have left millions of pensioners with less to live on. Last year, more than 200,000 peo... Read More
Helping Over-55s Make Better Pension Income Drawdown Decisions
Helping Over-55s Make Better Pension Income Drawdown Decisions Overview Great initiative designed to stop the over 55s raiding their income drawdown pots too soon without getting the correct advice. T... Read More
What effect has the Covid-19 had on Will-Writing? (via www.kwil.co.uk)
In light of the Coronavirus pandemic, and its drastic effects on social mobility and health in the United Kingdom over the past weeks, many people have rightly thought about making their wills. But as... Read More
Warning on pension scams as Covid fraud jumps (via www.ftadviser.com)
There has been a spike in pension scams as fraudsters eye the growing coronavirus crisis as an opportunity. According to Action Fraud, there were 105 reports of fraud relating to Covid-19 since the be... Read More
Freebies and discounts for over-55s | RetireWise with Key
When you’re in or approaching retirement, you may have to start caring for the pennies a little more. And there are schemes, discounts and dispensations in place to help you. But do you know when yo... Read More
Your Guide to Financial Benefits for the Over 55s
It is important to realise that financial benefits are not all means-tested and related directly to your income and savings. Many are based on your individual National Insurance record and some are ba... Read More
A Simpler way to write a will with Kwil.co.uk – Online Wills
I need to write a will – Is it something I can do on my own? According to the law, anyone can make a will. Theoretically, all one needs is a piece of a paper and a pen. Is it advisable? No, bu... Read More
Worldwide Travel Insurance Reviews (Which? Money)
How do I find the best worldwide travel insurance? Whether you are taking just one trip or many trips worldwide in the next 12 months, our Best Rate policies will give you the cover you need at an aff... Read More
Over-55s are burning £28BN by grabbing cash early from their pensions
According to research from financial company Zurich, more than 300,000 people are now making regular withdrawals from a pension – even though they are still in gainful employment. Half of over-5... Read More
Making a Will (Age UK)
If you want to be sure your wishes will be met after you die, then making a will is vital. It may prevent you from paying unnecessary taxes to the government. How to write a will Step 1 Value your est... Read More
How much do I need to save to retire at 55?
A simple, realistic guide to how people on moderate incomes could save enough for early retirement. Source: Read More Helping Over 55s Make Better Pension Income Drawdown Decisions  ... Read More
Investigating the Funerals Market (Competition and Markets Authority)
In this article the CMA investigates the rising costs of the funeral market. Arranging a funeral is a difficult time in anyone’s life. We want to make sure that people in this unfortunate position a... Read More
Mortgages for the over 50s
It’s common to see lenders impose an upper age limit for new mortgages for the over 50s, which makes it harder for the over 50s. Find out how to get a new mortgage at 50+ It may not be possible ... Read More
