First-time buyers need 13 times their salary to buy a home
Despite signs that the housing market is slowing down, especially in London, house prices have remained high due to the shortage of supply. This has meant that affordability has continued to be a major issue, especially in the south of the country. Figures from the Office for National Statistics show that first-time buyers in London […]
The average person needs at least £260,000 for retirement
According to recent research2, the amount needed to fund a comfortable retirement, when someone opts to stop work at 65 and decides to buy a single-life annuity with inflation protection, has now reached £260,000. The report points out that for those who don’t make it onto the housing ladder and so will need to pay […]
Half of pensioners plan to work on into retirement
Retirement is a much more fluid concept than it once was. According to a recent survey1, 54% of respondents who were considering working into retirement, or who were already doing so, said they valued the opportunity to keep active in mind and body. Around 8% of those scheduled to retire in 2018 have postponed their […]
What are the main asset classes?
With investing, the old saying ‘don’t put all your eggs in one basket’ rings true. To improve the potential for long-term gains and spread risk, the best advice is to diversify your investment across a range of companies, asset classes and geographical regions. This helps to minimise the impact a poor performing economic region or […]