The changes of April 2015 represented a complete shake-up of the UK’s pensions system, giving people much more control over their defined contribution pension savings than before. There are now more options for using this type of private pension pot, enabling some people aged over 55 to have greater freedom over how they can access their pension pots – the money they’ve built up during their working life.
Setting goals for retirement
Those who set tangible goals for the future could be £30,000 better off in retirement, according to new research. [Read more…] about How to boost your pension
Making provision in a way that meets your needs and wishes
AS A POPULATION WE ARE LIVING LONGER, AND WITH AN AGEING POPULATION THE NEED FOR CARE IS GROWING, WITH THE TIME SPENT IN CARE ALSO INCREASING. HOWEVER, A FIFTH OF THE UK (20%) HAVE NO IDEA WHO WILL LOOK AFTER THEM IF THEY HAVE CARE NEEDS IN OLD AGE, ACCORDING TO RESEARCH RELEASED FROM BUPA. NEARLY THREE QUARTERS (73%) THINK THEY WILL HAVE CARE NEEDS IN OLDER AGE, BUT ONLY AROUND HALF (51%) EXPECT THEIR FAMILY TO CARE FOR THEM. [Read more…] about Who Will Care For You In Old Age?