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Season’s Greetings 2021.
Many people are overestimating their financial ability but are not saving enough for retirement.
Six out of ten people (63%) think their financial knowledge is either excellent or above average, according to a new survey of working adults.
WEALTH at work listed as one of the ‘1000 companies to Inspire Britain’ 2020.
WEALTH at work has once again been acknowledged as one of the 1000 Companies to Inspire Britain by the London Stock Exchange Group.
Pension withdrawals rise during the pandemic: do individuals really understand their actions?
New figures from HMRC[1] show 347,000 people withdrew from their pensions throughout July, August and September 2020. This is a 6% increase on the same figures from last year, and a 2% rise compared to the previous three months, which is not the usual seasonal pattern.
Latest News
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Will the planned defaults for those retiring be in their best interest?
As a result of the new Pensions Bill, announced in the King’s speech, it will be interesting to hear more of the plans for trust-based schemes to be legally required to offer retirement income solutions to members, including default investment options.
17th July 2024
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40% concerned about not having enough savings for unexpected costs
According to WEALTH at work’s latest research of over 2,000 workers, the biggest financial concerns for the year include not having enough savings for unexpected costs (40%), not being able to save enough for the future (38%),
16th July 2024
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Increasing number of workers fear they will never be able to afford to retire.
The number of people in full-time employment who believe they will never be able to afford to retire because of the impact of the rising cost of living is on the rise, with two fifths (39%) of workers claiming they will never be able to afford to stop working, up from one in three (33%) twelve months ago.
20th June 2024
Market Updates
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Market Update – 24th July 2024.
On Monday, US markets opened on a high note, following President Joe Biden's announcement on Sunday that he would be withdrawing from the US presidential race.
24th July 2024
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Market Update – 17th July 2024.
This morning, UK inflation came in for the month of June unchanged.
17th July 2024
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Market Update – 10th July 2024.
Despite the UK hitting the Bank of England’s 2% inflation target in May, retail sales data indicated a drop in purchases last month of 0.2% year-on-year in comparison to the 4.9% growth in June 2023.
10th July 2024