The longevity challenge and how to deal with it

In the UK, we are confronted with the challenge of an ageing population. Lots of us will live longer than we may well have predicted. Already, 2.4% of the population is aged over 85. Because of enhancements in nutrition and healthcare, this figure only looks set to climb. The Office…

Record numbers make the most of pension freedoms

The people have spoken and they absolutely love freedom! Up to date figures show withdrawals in the 2017/2018 tax year were worth £6.7bn, the highest amount since the pension freedoms legislation was introduced in 2015. Before the reforms, the majority of retirees would buy an annuity with their pension fund,…

Video: pension drawdown explained

Income drawdown is a method of using your pension fund to provide you with a regular retirement income, which has become more popular since the pension freedoms came into effect. Here at Charters Private Wealth, we believe it’s more important than ever in 2018 for you to research your retirement…

The pros and cons of downsizing

If your kids have grown up and flown the nest and you’re moving closer to retiring, it’s likely that you’ve at least thought about downsizing your home. For some it can be for practical reasons, for others it might be a wish to be closer to their children if they’ve…

Top tips for retiring well

Your retirement should be something you look forward to: a time when you can reward yourself for the years of hard work you’ve put into your business or career, your family and whatever else you’ve devoted time on throughout your working life. But retiring well can be more difficult than…

How to avoid the mid-life savings crisis!

New research has exposed that nearly one in five people (18%) in their 50s and 60s are failing to save anything towards their retirement due to the rising cost of living and flat wage inflation. Referred to as a ‘mid-life savings crisis’, it means…

4 top tips to make your retirement savings last

When it comes to setting money aside for when you give up work, at the very least you want to ensure that you’re going to have enough to pay for your living costs for the rest of your life. However, what you undoubtedly want to be aiming for is a…
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