November – December 2016 Magazine
Inside this Issue
NAVIGATING YOUR INVESTMENT OPTIONS
Welcome to our final issue for 2016. This year has once again rapidly flown past – which is something we say around this period each and every year, pinpointing time as the most valuable commodity when it comes to implementing any financial planning strategy.
Have you considered all the potential costs of retiring? Some people find their expenses fall once their working life ends, but it’s important not automatically to assume that all your expenses will go down – some may increase, such as heating and leisure costs.
The constantly evolving landscape of legislative change provides both challenges and opportunities in the retirement planning process. We take another look at how the pension reforms that came into effect on 6 April 2015 could impact on your retirement plans.
Few of us really have the time or inclination to understand the vast number of different investment products available on the market and consider what the best options are to suit
our particular objectives. To do this effectively, it would need to become a full-time job. But with the busy lives we lead, it can be difficult to find the time to keep fully up to speed with everything that’s going on, including managing our everchanging financial affairs.
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.
Also, have you ever considered moving and consolidating your pension to another scheme or provider? On the page opposite, we consider a whole host of reasons why people might want to consider doing this before they reach retirement. Some are looking for better fund performance, lower charges or better death benefits; others are simply changing jobs.
- CONSOLIDATING YOUR PENSION POTS
What you need to consider to ensure you don’t lose out
- GENERATION X
Procrastinating when it comes to how they view their future
- NAVIGATING YOUR INVESTMENT OPTIONS
How professional financial advice can prove invaluable
- FREEDOM TO CHOOSE
Using your pension money
- HOW FINANCIALLY PREPARED ARE YOU FOR YOUR RETIREMENT?
Men narrow the gap on women when it comes to life expectancy
- MONEY’S TOO TIGHT TO MENTION
Planning financially for long-term sickness
- WHO WILL CARE FOR YOU IN OLD AGE?
Making provision in a way that meets your needs and wishes
- ‘MID-LIFE SAVINGS CRISIS’
It’s good to talk about your options
Catalyse, or sabotage?
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM, TAXATION ARE SUBJECT TO CHANGE.*
THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.*
PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE.
Published by Goldmine Media Limited Basepoint Innovation Centre, 110 Butterfield, Great Marlings, Luton, Bedfordshire LU2 8DL Articles are copyright protected by Goldmine Media Limited 2017. Unauthorised duplication or distribution is strictly forbidden.