Pension changes – will you take money out?

In April 2015, major changes to UK pensions are being introduced. Pension Wise is the government service that will provide information about what pension options you have. Today the new Pension Wise website has gone live – it’s in “beta test” mode, so it’s still under development.

Pension Wise logioApart from the government website, there will also be guidance available over the phone and face-to-face. The phone guidance will be delivered by The Pensions Advice Service and the face-to-face guidance will be delivered in selected Citizens Advice Bureaux – the first 44 CAB’s taking part in England and Wales are listed here.

Did you notice I said “guidance” not “advice”?

The new Pension Wise service will be giving “guidance” not “financial advice”. It won’t tell you what you should do, but it will talk through what your options are so you can understand the choices you may have.  It will talk about the importance of “shopping around” to make sure you get the best deal, but it won’t recommend which providers you should go to or what your pension should be invested in.

Are you affected by the pension changes?

The people immediately affected will be: [Continue reading]

Tesco Clubcard password security problem (updated)


Tesco haven't publicised it, but according to this newspaper report,  they had "a small number of irregular transactions" on Clubcard accounts back in January 2013 **UPDATE - and again in Feb 2104, see below** This post looks at what happened, how … [Continue reading]

How to save for children

There are six main types of savings for children. This article aims to help you decide which sort of account will work best for your family. It looks in detail at each option: the tax implications, when the child can access the money and how flexible … [Continue reading]

Saving for children – the big questions

locked piggy bank

Every parent wants to save for their children's future. This article looks at some issues you should consider: how much to save each month, when the child should get the money and whether to keep it in cash or equities. There are lots of different … [Continue reading]

So you are moving into a new place…

electric meter display

A friend asked for tips for her nephew who has just moved into his first place of his own. Which is a sensible question as it's too easy to assume youngsters will somehow know what to do! Here are some suggestions - if you have any others, please … [Continue reading]