The bank that likes to say ‘yes’

Repeated payouts to children could have a detrimental impact on your own long-term saving Many parents who are in a position to do so would want to provide financial help to their children. However, in many cases, this financial support ends up being gifts from Mum and Dad rather than the loans from the Bank of Mum and Dad they start out as. Long-term dent These written-off loans risk making a long-term dent in the …

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Funding your future lifestyle

Think about the level of risk you might be willing to take with your hard-earned cash We all dream of a more prosperous financial future, but how do you turn this into a reality? With interest rates on savings accounts stuck at low levels, it’s difficult to get any real growth on your money over the long term. If you plan to rely on your savings to one day provide you with an income or …

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Retirement roulette

Millions of older workers pin hopes on downsizing, inheritance or lottery win Older workers are finding themselves caught in a position of retirement roulette, as many are relying on external factors such as a downsizing, an inheritance or even a lottery win to be able to afford a comfortable retirement, according to Aviva’s latest Real Retirement Report. A quarter (25%) of over-50s workers are hoping to profit from downsizing to a smaller home or moving …

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Frugal habits!

How our spending might change in retirement Living longer is a good thing, right? Most people would probably agree with that. Living longer means more time to enjoy all the world has to offer and more time to spend with cherished family and friends – and everyone wants at some point to stop working and enjoy their retirement. It’s no secret that we are generally living longer. The average time spent in retirement in the …

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‘Miss List’ – Health in retirement

With retirement in your sights, what do you think you’ll miss? Spending time with family, easily having a shower or bath and driving a car are the top day-to-day moments that most people would miss if they could no longer do them. However, seven in ten (69%) people – over 36 million[1] people – fail to associate good health with being able to do activities like these, according to research released by Bupa Health Clinics …

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Pensions in divorce

Preparing for an independent future should a relationship break down When disputes arise within families, emotions run high and rash decisions are made. This is why divorce is an arena fraught with acrimony. But seven in TEN couples don’t consider pensions during divorce proceedings, leaving some women short-changed by £5 billion[1] every year. Research shows that more than half of married people (56%) would fight for a fair share of any jointly owned property, and …

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