Low interest rates drive retirees towards riskier investments: What should you do to reduce the hazards? Rock bottom rates have influenced older people’s financial decisions Some may invest in products not covered by compensation scheme What steps should you take to ensure protection? Find out below Do you need help fixing your finances? Find a … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
Retired homeowners who need to borrow to pay off an outstanding mortgage can now apply for a new unsecured loan designed specifically for this purpose. Previously homeowners needing to borrow large sums after they retired would have had to rely on either equity release or a retirement interest-only mortgage. Both of these routes involve taking a … Read more