Christmas is an expensive time of year as the cost of presents, decorations, meals out and entertaining all add up. Individuals intend to spend £567 each at Christmas, with 46% planning to pay for it using credit cards, store cards and overdrafts.
The FCA has released new data showing the actions that individuals have taken the first time they access a pension pot.
The FCA’s new rules on pension ‘wake up packs’ – the information that an individual receives from their pension provider before accessing their pension fund, comes into effect on the 1 November.
When it comes to accessing retirement savings, it seems that there are a lot of mistakes being made.
WEALTH at work, a specialist provider of financial education and guidance in the workplace supported by regulated financial advice for individuals, has created a series of financial education seminars for university students.
It is very important to save for your retirement but many people may not realise that it could be possible to have the same disposable income in retirement as when they were working, even if their pension income is less than half their salary.
22% of UK adults expect they will never be able to afford to retire, equating to almost 8 million people according to latest research.
Figures published by HM Revenue and Customs (HMRC) have revealed that a record 336,000 individuals have taken £2.75bn out of their pensions in the second quarter of 2019.
WEALTH at work, a specialist provider of financial education and guidance in the workplace supported by regulated financial advice for individuals, has once again been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
Latest research has found that increasing numbers of employers are now offering financial advice as part of their workplace benefits. The survey of employers found that 35% currently offer their employees access to financial advice, compared to 12% last year.
