snapshot news

Our aim is to help you understand the various aspects of pension planning and to encourage better savings and personal finances. snapshot pensions is focused on providing you with key information about pensions to allow you to understand certain key aspects that may affect how much money you have when you retire.  Articles found here should not be deemed as personal advice.

Should you have any questions relating to any of the information featured here, please contact us at help@snapshotpensions.co.uk

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Delaying Retirement

Pandemic forcing a widespread rethink of retirement plans The coronavirus (COVID-19) pandemic crisis has thrown some of the nation’s retirement plans up in the air. As a result, a number of people over 50 and in work are set to delay their retirement (15%) by an average of three years, or keep working indefinitely (26%) as a direct result of…
Lindsay
13 October 2020
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Poll finds that 77% of people believe they will be worse off in retirement than their parents.

For many Brits, the thought of retiring causes anxiety, as people worry if they will have the pension needed to retire comfortably. A survey conducted by the Scottish financial planning firm Cornerstone Asset Management found that 77% of people believe they will be worse off in retirement than their parents or grandparents. The poll showed the disturbing disparity between where…
Lindsay
18 September 2020
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Mind the knowledge gap

Some people still struggle to make informed retirement decisions The decisions made at retirement are big ones and have long-term consequences. Many spend years accumulating a large amount of money in pensions and other savings, but really don’t know what that might mean, how much income they can reasonably expect to receive and how best to take that income. It…
Lindsay
25 August 2020
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A listening ear in the toughest of times

After this long period of lockdown and with daily activities still far from back to normal, it is becoming increasingly apparent that the pandemic is affecting us emotionally as well as physically. The unprecedented period of living in each other’s pockets – or conducting a relationship through a screen – may have meant make or break for many couples, according…
Lindsay
28 July 2020
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Your Pension and the Pandemic

Market Impact Our pension pots have been on quite a journey during the Coronavirus crisis. Fund values have been down and up and markets remain understandably sensitive to economic news. These are the kind of market conditions which can work well for people investing on a monthly basis. Some months you will invest after markets have dipped in value, purchasing…
Lindsay
3 July 2020
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In these uncertain times, don’t lose track of your pensions

What does HSBC, the BBC, delivery company DHL and the RSPCA have in common with each other? Sadly, it is the fact that they have all announced significant staff redundancies in recent days, as a result of financial difficulties caused by the Coronavirus. From loss of work contracts, to problems collecting license fees and charitable donations, businesses and organisations of…
Lindsay
30 June 2020
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The Ongoing Challenge to Fix the Financial Gender Gap

Our thoughts at the moment are on step by step return to normality after the COVID-19 pandemic and lockdown. There is widespread talk about the need to #buildbackbetter and one area in which we think we can make a contribution is in addressing the financial gender gap. Gender equality is not a new issue, but COVID-19 has shone a spotlight…
Lindsay
23 June 2020