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Keep up to date with the latest industry news and Bright Advice stories
Misconceptions mean that 40% of homeowners don’t have life insurance
Do you have life insurance in place? A survey suggests that some homeowners are choosing not to take it out because of common misconceptions about how life insurance works. Life insurance would pay out a lump sum to beneficiaries if the policyholder passed away during...
80% of over-55s don’t have a Lasting Power of Attorney in place. Overlooking this could place you in a vulnerable position
Do you have a Lasting Power of Attorney (LPA) in place? If you don’t, it could leave you in a vulnerable position if you’re unable to make decisions for yourself, such as after an accident or illness. Losing the mental capacity or ability to make decisions for...
4 valuable pension lessons younger generations can learn from the regrets of the over-50s
Those nearing retirement have plenty of lessons to teach younger generations. A survey asking over-50s how they feel about their pension and retirement plans has highlighted some regrets workers could learn from. When you’re in your 20s, 30s and 40s, retirement can...
Typical worker approaching retirement is 58% short of their pension goal. Are you saving enough?
Figures suggest that workers nearing retirement could find they’re facing a significant income shortfall later in life. Understanding how your pension savings will add up before you retire is crucial for creating long-term financial wellbeing. According to a report...
Is the interest rate rise good news for savers?
After more than a decade of low interest rates, the Bank of England (BoE) has suggested that it will continue to gradually increase its base rate. With savers suffering from low returns, is that good news? In December 2021, the BoE increased its base rate from 0.1% to...
Half of investors admit to making impulsive, emotional decisions, and many go on to regret it
While investment decisions should be based on facts, many investors find their decisions are sometimes influenced by emotions. Whether you’re excited about an investment opportunity, or worried about market volatility, keeping emotions in check can help you make...
Pension drawdown: Are you taking a sustainable income?
Flexi-access drawdown can provide retirees with more freedom to create an income that suits their lifestyle. However, Financial Conduct Authority (FCA) figures suggest that many retirees are taking unsustainable amounts from their pensions. It could mean they run out...
Why you need to take regular screen breaks
Technology means screens have become an integral part of our lives. How many hours each day do you look at a screen? According to a report from Uswitch, UK adults spend half of every day in front of a screen. From working at a computer to browsing the internet on your...
International Day of Happiness: What could we learn from Bhutan?
20 March 2022 marks the United Nation’s (UN) International Day of Happiness. After two years of challenges due to the Covid-19 pandemic, looking after your wellbeing has never been more important. The annual International Day of Happiness is a global celebration to...
10 tips if you’re taking on a property project
Whether you plan to purchase a fixer-upper or want to take on a project in your current home, a renovation can help you put your stamp on a property and increase its value. If you’re taking on a large-scale project, here are 10 tips to help you stay on track and...
5 reasons your mortgage application for a flat could be rejected
Figures suggest that demand for flats is rising. They can be a great option for first-time buyers, as they’ll often have lower prices, for those who want to live in city centres, or even for those who want to invest in property. While the process of buying a flat is...
8 in 10 cancer patients suffer a financial hit. Here’s how protection policies can offer security
Being diagnosed with cancer can mean facing physical and mental challenges, but research finds that many patients also face financial obstacles. Research from Macmillan Cancer Support found that 83% of people with cancer in the UK experience some kind of financial...
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