Investing can seem like it’s filled with jargon that’s difficult to get your head around. “Diversification” is one such common term you may have come across. Read on to find out what it means and why it’s important for your investment portfolio. In simple terms, diversification means spreading your investments across a variety of opportunities. […]
Author Archives: ross@planrfp.co.uk
12
May
May
A decade ago, the introduction of Pension Freedoms shook up retirement planning and gave retirees more options than ever. Before 2015, if you had a defined contribution (DC) pension, the common route was to use the money accumulated to purchase an annuity. The annuity would then provide you with a regular income, usually for the […]
12
May
May
Financial protection could provide you with a cash boost when you need it most, and there’s more than one type to consider. Last month, you read why financial protection provides a crucial safety net should you face an unexpected shock. Now, read on to find out more about some of the key options. 2 forms […]
12
May
May
This guest blog was written by Chris Budd who wrote the original Financial Wellbeing Book, and also the Four Cornerstones of Financial Wellbeing. He has written more than 115 episodes of the Financial Wellbeing Podcast and founded the Institute for Financial Wellbeing. Whether money makes someone happy is a question that provokes many different opinions. […]
23
Apr
Apr
Looking for a way to fund a large expense? Whether you want to make home improvements or buy a new car, your property might provide an answer. Depending on your circumstances, you might be able to borrow more through your mortgage. This would increase the overall size of your mortgage and may affect your repayment […]
23
Apr
Apr
Geopolitical tensions have led to a bumpy start to 2025 for investors. If you’re worried about volatility and what it might mean for your long-term finances, there are reasons to remain calm despite the uncertainty. The ongoing war in Ukraine has resulted in some anxiety in Europe, with the UK and other countries committing to […]
23
Apr
Apr
An incoming change to the way pensions will be taxed when they’re inherited might mean you’re rethinking how you use your pension. Before you dive into updating your retirement plan, it’s important to understand what the changes could mean for you and how to balance passing on wealth with your retirement aspirations. During the Autumn […]
23
Apr
Apr
When people think about financial wellbeing, they often link it to frugality or building wealth. Yet, an effective financial plan isn’t always about that, sometimes, it might make sense to spend more. It can be difficult to get your head around. After all, as a child you’re often taught that being sensible with money means […]
23
Apr
Apr
Wealth is often associated with financial abundance. However, when you look at the things that bring you joy and give you purpose, it might not be the value of your assets. Indeed, a February 2025 report from HSBC suggests the younger generation is less likely to define wealth by how much they have in the […]
23
Apr
Apr
Worrying about your finances in retirement could dampen your excitement as you start the next chapter of your life. As you’ll often be responsible for generating your own income once you give up work, it’s not surprising that a February 2025 report from Which? revealed half of over-55s are worried about running out of money. […]
