Innovation and flexibility drive equity release growth

Matthew Barrand Blog, Equity Release

Product options more than double in 2 years: 139 in August 2018, up from 58 in 2016. Number of homes in England bought with a gift or loan from family or friends reaches a new high of 1.1m. New Customer numbers driven by increased product flexibility and more competition in the market as people seek to meet pressing social needs …

Colombians

UK pensioners get a worse deal than Colombians

Matthew Barrand Blog, Pensions, Retirement

Pensioners in the UK languish way down the table when it comes to the quality of pension  provision offered to the poorest and the self-employed. They’re worse off than counterparts in countries like Colombia, Chile, Australia and Germany. However, they do enjoy better benefits than those available in France, Italy, Spain and the US.  This article was featured in a …

Using Equity Release to purchase a new home

Matthew Barrand Blog, Equity Release

Chris Davies (71) and his wife Ruth (70) have lived in the same property for 34 years. Chris has started to suffer with arthritis and has found that negotiating the stairs in their home and the general maintaining of the property more and more difficult. Because of this, they have been looking at moving to a bungalow in the same …

Seeing the bigger picture

Matthew Barrand Blog, Investment

A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future.  This article was …

Under 35s account for 90% employment growth

Matthew Barrand Blog

Employers should take advantage of annual tax-free allowance of £500 per employee for financial advice and guidance. The latest Office for National Statistics (ONS) Labour Market figures have highlighted the growing need for employers to provide financial wellness and guidance advice to their staff.  According to the ONS, under 35’s accounted for 90% of employment growth in the last quarter, …

A growing role for advice

Matthew Barrand Blog, Equity Release

A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future. Utilising Equity release …

60-64

Number of working women aged 60-64 has doubled

Matthew Barrand Blog

Employment statistics show that more women are staying in the workplace for longer, with 48.5% in this age bracket in employment, compared with just 23.4% back in 1998. This is attributed variously to the short-notice rise in the state pension age from 60 to 65 or 66 currently affecting many women born in the 1950s, higher incidence of divorce later …

Baby Boomer Trends

Trends in baby boomer retirement plans

Matthew Barrand Blog, Retirement

Living through decades of increasing prosperity has undoubtedly given baby boomers a lot of advantages, but they can also face a number of challenges. Today, many feel pressured into working past their normal retirement date, often because of the number of demands being made on their finances by their families. If they are unable to work, they can have concerns …

Scams

If it seems too good to be true

Matthew Barrand Blog

Scams have resulted in people being used as money mules and risking criminal prosecution… Financial scams are now widespread and come in a variety of forms. What they offer may look appealing and be presented by people who seem plausible, but scams have resulted in people being used as money mules and risking criminal prosecution or losing substantial amounts of …

Auto Enrolment limits published for 2019/20

Matthew Barrand Auto-enrolment, Blog

The qualifying earnings band and earnings trigger amounts for auto enrolment have been published. The earnings trigger for 2019/20 will remain at £10,000 and the qualifying earnings band will be £6,136 – £50,000. The automatic enrolment earnings trigger determines who is eligible to be automatically enrolled into a workplace pension by their employer in terms of how much they earn. …