Future Inheritances set to double A study carried out by the think tank Resolution Foundation found that only 32% of those looked at have benefited or expect to benefit from an inheritance or gift in their lifetime. That means that even though inheritances expect to double only 1 in 3 will benefit. The report, commissioned by the Family Building Society,…
Increased Risk of pension poverty in retirement The new, simpler ‘no-fault’ divorce law now is now in effect. Experts warn of an increased risk of financial difficulties in retirement and the risk of pensions poverty. Insurer and pension provider Aviva has carried out research. Their findings suggest that as couples take advantage of an easier route to divorce, they may…
Research finds Half of UK Wills out of date Research on behalf of Solicitors for the Elderly (SFE) has found that almost half of UK wills are out of date. Adults who have a Will, have not updated it for more than five years. SFE is a national association of independent lawyers who specialise in legal matters for the elderly…
Retirees fail to seek professional advice Global investment company abrdn have conducted a survey that found that almost four out of five retirees fail to seek professional advice in respect of their financial plans. The survey questioned 2,000 retirees in the UK. It found that 78% of retirees fail to seek professional advice from financial experts as to how to…
Deciding not to split inheritance equally A recent report has found that only half of parents plan to share their estate equally between their children. In this article we look at a recent study on parents deciding not to split inheritance equally. A report, carried out on behalf of Netwealth and The Money Whisperer®, found there was a lack of…
Research shows sibling rivalry continues into adulthood A study has shown that sibling rivalry lasts into adulthood, with arguments continuing down the years over sensitive issues. A poll commissioned by NOW found that a quarter of adults still argue with their siblings. Some 26% compete with a brother or sister over their career while 22% bicker about home ownership. Over…
