COVID-19: third of retirees fearful due to negative impact
Six years on from pension freedoms, non-advised savers aged over 50 are facing a ticking time bomb at retirement, according to a new survey. 66% of those saving into a defined contribution pension and 58% of those who have already retired have either no firm plans or no plans at all for their retirement finances.
Some couples may prefer to keep their finances separate, while others share everything. Whichever method you’ve chosen, when it comes to retirement saving, it’s worth planning together to ensure you’ve made the most of all the allowances and benefits offered to couples.
COVID-19 pandemic show adults are pessimistic about future improvements
Adults expect their financial wellbeing to worsen throughout the course of 2021, lagging behind any optimism of improvements to other wellbeing indicators such as mental, social and physical wellbeing once the vaccination is successfully rolled out.
When it comes to our life insurance, you’ve got options
‘Single life’ policies cover just one person. A ‘joint life’ policy covers two people and when one person on the policy dies, the money is paid out and the policy ends. You will need to decide whether the joint policy pays out on first or second death as this will determine when the policy ends.