News & Resources

Pension earmarking orders

mDivorcees may need to take action to protect benefits following pension reforms

An unintended consequence of the pension reforms is that any divorcee with a pension earmarking order may need to act fast to protect their benefits. Any earmarking order that provides the ex-spouse with a fixed percentage of the pension income in retirement should be checked to ensure benefits are protected now that the member no longer needs to take their pension as an income and can instead take … Read the rest

Pensions Freedom

Pensions FreedomYour questions answered

Most people now have more options when it comes to their retirement choices. But generally they’ll still want their pension income to last their lifetime – so careful planning is a must.

Since 6 April, when Britain’s pension system underwent a seismic change (known as ‘pensions freedom day’), we’ve been asked many different questions by our clients about the breadth of the reforms and how they may affect them.

Everyone needs some knowledge of pensions and how … Read the rest

Nation of savers

Nation of saversYear-on-year rise in the number of long-term savers

The UK is becoming a nation of savers, with three quarters (74%) of people saying they are currently saving, research from Scottish Widows has revealed.
The savings study – which polled 5,000 Britons – found that the number of savers is up to 74% from 63% in 2010, with a steady year-on-year rise in the number of long-term savers. The average amount people have in short- and long-term savings now stands at … Read the rest

Hunting for income

Hunting for incomeWhat gives specialist sectors an advantage?

The hunt for income has shown no sign of slowing. Alternative assets in areas such as infrastructure, debt and property can offer a high level of income, and, being illiquid assets, they are particularly suited to being held in a closed-ended fund. Indeed, of the 49 investment companies yielding over 5%, 32 (65%) are from specialist sectors[1]. What gives these specialist sectors an advantage when it comes to yield? Why would investors consider these … Read the rest

Generating an income from your portfolio

Generating an income from your portfolioNarrowing the knowledge gap for investors

Record-low interest rates are rarely out
of the news these days. With UK investors struggling to achieve a decent income from traditional investment sources, it might raise a few eyebrows to learn that less than half can correctly explain the term ‘income investing’.

A recent survey by J.P. Morgan Asset
Management revealed that while many investors know it’s important to generate income for their portfolios, surprisingly few know how to go about it.

Lack Read the rest

Emerging market attractions creep back up

Emerging market  attractions creep back upLiving with several pending risk events, liquidity and risk appetite go with the territory

The fundamental environment in emerging markets remains stable. As the market has grown accustomed to living with several pending risk events, liquidity and risk appetite have been creeping back up. Buyers of emerging market mutual funds have been returning to the asset class after the commencement of the ECB’s version of QE.

Oil has rebounded from its lows, as the acceleration of future production cuts combine … Read the rest

How long will your pension income last?

bWhy people are applying a rule of thumb when it comes to their retirement

According to new research conducted by YouGov and Old Mutual Wealth, nearly half (48%) of those approaching retirement (aged 55-64) do not know how long their pension income will last. With pension providers reporting demand for flexible withdrawals, there is a significant danger that pension funds could run dry if people do not plan carefully or take professional financial advice.

The survey of 1,000 people aged … Read the rest

Changing financial roles

Financial RolesAlmost 1 in 5 women are now the main household breadwinner

Nearly one in five (17%) of women claim to be the main breadwinner in their relationship, according to new research commissioned by Scottish Widows to mark its 200th anniversary.

Financial independence

The study of 2,000 UK women found that their financial role in the family has evolved significantly in the two centuries. While a third (37%) of women say their mothers were in charge of managing household finances while … Read the rest

Are you considering working after retirement?

Working After RetirementTwo thirds of over-50s plan to lengthen their working lives

Nearly two thirds of over-50s workers would consider retraining so they could work longer in retirement, according to new research from MetLife.

Its study found 63% of over-50s are looking at potentially lengthening their working lives, with 50% considering learning new skills to continue in full or part-time employment, while 13% would look to retrain so they could launch their own business.

Traditional working patterns in later life are changing … Read the rest

What’s your magic number?

Magic NumberThe picture of retirement income in the UK is not as bleak as some would like us to think

A report has revealed those approaching retirement are expecting to receive £23,700 per year when they retire. The same survey shows that the average income in retirement today is currently just £19,000 – a shortfall of £4,700 per year, or 25%.

Old Mutual Wealth published its first ‘Retirement Income Uncovered’ study that also unearthed a new magic number for retirement income … Read the rest

Trust in your future

Your FutureExposure to a range of assets through a single investment

In performance terms, the attraction of investment trusts is consistently evident. They allow you to pool your money with that of other investors to get exposure to a range of assets through a single investment and are listed companies that issue a fixed number of shares quoted on a stock market, such as the London Stock Exchange.

Best kept secret of the investment world

Investment trusts have been around since … Read the rest

NISA Countdown

NISA CountdownTime is running out if you want to make the most of your tax-efficient savings allowance

If you are keen to take advantage of the New Individual Savings Account (NISA) allowance, now increased to £15,000, and make the most of your tax-efficient savings, time is running out. You only have until 5 April to fully utilise your 2014/15 NISA allowance, after which it will be lost forever.

In his 2014 Budget speech the Chancellor, George Osborne, announced that from 1 … Read the rest

Maximising your income levels in retirement

Maximise IncomeWhy having a target in mind clearly makes a difference to fund this stage of your life

A recently published report has highlighted the positive impact planning and professional financial advice can have on income levels in our retirement. The first Retirement Income Uncovered report from Old Mutual Wealth found that retirees who hadn’t set themselves an income target to aim for in retirement had an average income of £17,500 per year. However, those who saw a financial adviser at … Read the rest

What’s your magic number?

What's your magic number? The first concise picture of current and changing sources of retirement income

Current retirees are satisfied with 47% of pre-retirement income according to a recent report that reveals those approaching retirement are expecting to receive £23,700 per year when they retire. The Retirement Income Uncovered report by Old Mutual Wealth also shows that the average income in retirement today is currently just £19,000 – a shortfall of £4,700 per year, or 25%.

Pre-retirement income
The study also unearths a new … Read the rest

Rise of the part-time landlord

Rise of the part-time landlordLetting properties on the side boosts income

Britain is seeing a boom in ‘part-time’ landlords where people are letting properties on the side to boost their main income, according to new research from LV= landlord insurance.

Over one in twenty (7%) British adults rent out a property to supplement their income and receive an average monthly rent of £678, equating to nearly £28 billion a year across the country. Landlords in London and the South East collect the highest rents … Read the rest

Employee benefits

Employee benefitsTake your pension to the max

Pensions have long been seen as a tax-efficient form of investment. The contributions that you pay into your pension will benefit from tax relief and aren’t subject to tax while they’re invested in your pension pot (although the tax credit paid with dividends can’t be reclaimed by your pension scheme). Contributions to your employer’s pension scheme (including any additional voluntary contributions you make) can be made from your gross pay before any tax is … Read the rest

One of life’s unpleasant facts

Protecting your assets to give your family lasting benefits in an uncertain world

Inheritance Tax (IHT) in the UK is a subject that was once something that only affected very wealthy people. It may be one of life’s unpleasant facts but today it affects more people than ever, partly due to the rise in the property market that has not been matched by a corresponding rise in the IHT threshold.

Taxing times
The threshold is currently just £325,000 – any … Read the rest