Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes.
Managing your money during the festive season can be challenging, but some careful planning could mean you are able to enjoy the holidays without getting into debt.
The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6 billion in 2022. There are 2.8 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
Research by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all.
Watch Jonathan Watts-Lay from WEALTH at work on London Live discussing the cost of money worries on employees.
New research from WEALTH at work has revealed that many full-time workers admit that money worries are impacting their work, with 23% struggling to concentrate and 15% saying their productivity has decreased.
New research of almost 200 companies representing over 1.5 million employees, has found that many workplaces are increasingly recognising poor financial literacy as a key financial wellbeing risk for their employees.
According to research* from WEALTH at work, a leading financial wellbeing and retirement specialist, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs.
How to reduce investment risk and avoid unnecessary tax.
There is just over a month left to check and fill any gaps in National Insurance (NI) records going back to 2006 to boost State Pension entitlement. As a minimum of 35 years of NI is needed to receive the full State Pension payment, anyone who thinks that they may have any gaps in their records should check their entitlement now so they can consider filling these before 5 April.
26th February 2025
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.
According to CIPDs Labour Market Outlook, one in four (25%) employers are planning to make redundancies in the three months to March 2025, another record high outside of 2020.
21st February 2025
On Friday, Chinese policymakers lowered their inflation target to around 2%. By Monday, the National Bureau of Statistics reported that February's Consumer Price Index (CPI) had fallen 0.7% year over year, with core inflation—excluding food and energy—declining by 0.1% last month.
12th March 2025
China’s Caixin manufacturing PMI climbed to 50.8 on Monday, marking its strongest expansion in three months and exceeding expectations. Since last October, the private-sector PMI has consistently stayed above the 50-point threshold that distinguishes growth from contraction.
5th March 2025
This week has been relatively quiet for financial markets, but there are signs of renewed momentum in Europe's luxury goods sector which, after a period of sluggish performance, appears to be enjoying moderate revival.
26th February 2025
