Growing care costs

growing
Ageing population faces significant funding crisis

As part of Budget 2017, Chancellor Philip Hammond announced an extra £2 billion of funding for social care and paved the way for major changes to how people pay for it. But people in the UK are still underestimating the cost of elderly care by £7 billion every year[1], according to new research from Scottish Widows’ independent think tank, the Centre for the Modern Family. Read more ›

Posted in Long-term care

Protect the things that mean the most to you

protect
Cohabiting families risking their family’s financial future

The lifestyle of our loved ones may be seriously compromised if we die. However, very worryingly, more than 2.4 million cohabiting families across the UK – the fastest-growing family type in the country – do not have life insurance, potentially leaving their loved ones open to financial problems once they pass away, according to new analysis[1]. Read more ›

Posted in Protection

Don’t worry, be happy

dontworryHow to build a sustainable retirement income plan

It is impossible to consider retirement, and our experience of it, without also considering how we’ll pay for it. But almost 30% of people over the age of 55 are unsure if they will be able to retire on their current savings, according to new research[1]. Read more ›

Posted in Retirement

Your wealth. Your legacy

yourwealthFamilies shying away from difficult conversations

If you have significant assets, you may be wondering whether Inheritance Tax (IHT) affects you. Worryingly, some families appear to be shying away from difficult conversations, as almost half (47%) of UK adults say they have never discussed inheritance matters, according to new research[1]. Read more ›

Posted in Estate planning

Market sentiment

marketReaching your long-term investment goals

It is impossible for investors to predict the future. Short-term losses can be unsettling, but holding steady through the ups and downs is the best way to reach your long-term investment goals. Read more ›

Posted in Investment

Turbocharge your pension

turbo
Will you be able to afford the retirement lifestyle you want?

If you’re still working, what kind of life would you like to lead when you’ve said goodbye to the 9-to-5? Saving for your retirement is essential if you want the financial freedom to enjoy your later years. After all, you’ll still want to do all the things you love now – and probably a few others too. Read more ›

Posted in Retirement

Savings behaviour

savingbehaviour

UK pension system is sustainable but inadequate

It’s been estimated that 18% of earnings need to be saved each year to achieve an adequate income during retirement, an International Longevity Centre (ILC) report has concluded. Read more ›

Posted in Retirement

UK pension savings gap

ukpensions

The need for a greater awareness of what must be saved today

If savers want a particular standard of living at retirement, then they will need a greater awareness of what must be saved today. Read more ›

Posted in Retirement

Wealth generation

wealthgen

Are you getting tax-efficiencies on the gains you make from the money you invest?

Whatever you’re putting money aside for, there’s likely to be a role for Individual Saving Accounts (or ‘ISAs’). If you’re looking to grow your money over many years – perhaps to fund a dream purchase or help you in retirement – cash might not be the right option, especially when the interest rates on Cash ISAs are near all-time lows. Read more ›

Posted in Investment

Financially unprotected

financiallyunprotected

Dads putting their family’s financial security at risk if the unexpected were to happen

What would happen to you and your family in the event of unforeseen circumstances, such as the diagnosis of a serious illness or premature death? Worryingly, research from Scottish Widows reveals that more than half (53%) of men in the UK with dependent children have no life cover, meaning that 3.9 million dads[1] are potentially putting their family’s financial security at risk if the unexpected were to happen. Read more ›

Posted in Protection