Face the future with confidence
As we get older, many of us will need help looking after ourselves. But what are the options when it comes to paying for long-term care?
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Long-term care
Vision for the future of adult social care
The government has set out its vision for the future of adult social care. New plans were announced on 7 September 2021 for adult social care reform in England. This included a lifetime cap on the amount anyone in England will need to spend on their personal care, alongside a more generous means test for local authority financial support.
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Writing a Will
How much do you have to leave and who will get what?
It’s important to make sure that after you die, your assets and possessions (known as your ‘estate’) will go to the people and organisations (known as your ‘beneficiaries’) you choose, such as family members and charities you want to support.
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Lasting Power of Attorney
Giving someone you trust authority to help you make decisions
As someone becomes more unwell, they’re likely to find it more difficult to manage money and financial affairs, and may become too unwell to make decisions about health and care. A Lasting Power of Attorney (LPA) is a legal document in which someone (the donor) gives another person (the attorney) the right to help them make decisions, or take decisions on their behalf.
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Pandemic triggers shift to saving
People thinking more about their spending and financial priorities
The coronavirus (COVID-19) pandemic has lead to more people re-thinking how they spend and manage their money, with more than half (51%) now prioritising saving for an unexpected event or loss of income, research published suggests[1].
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Change to the state pension triple lock
Pensioners ‘deeply disappointed’, particularly women and self-employed
The earnings benchmark of the State Pension triple lock will be temporarily set aside for next year. The Department for Work and Pensions (DWP) confirmed on 7 September that the State Pension triple lock rule will not be applied for the 2022/23 financial year over concerns of the potential costs involved.
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How can I protect my money from inflation?
Five questions to ask before inflation really takes off
‘How can I protect my money from inflation?’ is a question that many people may be asking themselves right now. In the current economic climate, rising inflation is becoming a concern for people with savings and investments.
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UK pensioners underpaid
More than £1 billion in State Pensions impacted due to ‘repeated human errors’
The Department for Work and Pensions (DWP) underpaid 134,000 pensioners in State Pension to the tune of £1 billion, according to the National Audit Office (NAO)[1].
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Festive gifts that teach children the value of money
Why parents should look to Christmas investment gifts instead of toys
With the festive season approaching, have you thought about gifting your children or grandchildren something different this year? Giving them a good start in life by making investments into their future can make all the difference in today’s more complex world.
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Pensions and retirement still remain a taboo
When it comes to marriage and money, it’s good to talk
Millions of married couples have no idea about their spouse’s pensions and retirement plans, according to new research[1]. More than three-quarters (78%) of non-retired married[2] people do not know what their spouse’s pensions are worth.
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