Blog

Welcome to the New England Finance blog. Here you can find out further information on aspects of the financial advising world, along with our advice on various topics within our sector.

“I’m too young to worry about a pension”

Often when I am out and about doing pension seminars I hear young people under the age of 30 often saying that saving for retirement is just a worry too far away to even think about. Often their parents will also have told them horror stories about how bad pensions are or how a friend of theirs lost their pension savings in the 2008 financial crisis. Read more...

I get it, saving for something 30 to 40 years into the future seems a foreign concept when you are young. To be fair, the UK financial services industry also doesn’t have the greatest track record in terms of transparency, managing funds, or helping customers understand how a pension works. Our industry has over-charged and under-performed in many cases. Customers have often been paying fees for services not being provided nor understood how any of it works.

Individual Savings Accounts – ISA’s

An ISA is a flexible tax-free investment wrapper with an annual subscription limit according to the type of ISA it is.

Read more about the subscription limits in 2016/17 here.