Are you going to end up old and broke?
If you’re impacted by the snow this week, here’s a read to keep you occupied. We explore the issues with living too long – yes, you heard me correctly. Have a read and let me know if you know of anyone that has been faced with the challenges I outline.
Hidden fees on pension schemes will erode your wealth
- October 21, 2017
- Bob Quinn
A couple of weeks ago I outlined my growing concerns for an industry that presents itself as trading on trust and transparency, yet nothing could be further from the truth. The FT is reporting that from January of next year, a new regulatory crackdown in Britain will force asset managers to come clean on hidden fees and charges. Finally.
A happy marriage involves effective finances
Every week I meet couples who openly discuss their financial affairs with me. It’s refreshing to see a solid team at work. This week’s article outlines some of the ideas that have been shared with me down through the years. We can all learn a little bit more when it comes to managing our finances with our significant others.
Increased Standards in Financial Services Start With You
I came across a case two and a half years ago that crystallised my view that the financial services industry is made up of product sellers acting in their paymasters interests in the first instance. Let me tell you about Peter, who got a 20-minute meeting with a broker about one of the most important decisions in his life. Nothing has changed in my mind since then. Stick with this, it’s a long one today.
Run for the hills when you pay off your mortgage
As AIB introduces Máire, another happy person who’s made it to the end of her mortgage, I wonder what the transition will be like from having no choice over where that money is going to having total discretion. Having been tied to a bank for 20 plus years, I only hope she hasn’t developed Stockholm Syndrome.
Did you hear the one about the three pension advisers…?
Think again if you believe you are the only one benefiting from all the money you are putting into your pension! Beware of what could be lost to the broker, tax advisor and the pension provider.
The Demise of the Defined Benefit Pension Scheme – a four-step guide
As the Defined Benefit Pension schemes disappear, it is necessary to consider next steps to deal with the transfer funds. Here are 4 considerations to bear in mind to help you with your decision.