morbidity is nothing to be scared of

Yesterday a most unusual event occurred. In conversation with a couple of people that I know, it transpired that one of them had just made their will, the other one hadn’t. This is unusual because in my normal life, people don’t discuss their personal financial affairs with me.

I’m a little concerned about the guy [...]

pensions allsorts

In the UK, there are several different types of pensions, split into two groups:
occupational pensions

defined benefit = final salary
defined contribution = money purchase

private pensions

personal pensions
stakeholder pensions
self-invested personal pensions

Occupational pensions are run on behalf of the employer, often by an insurance company such as Standard Life. You can generally contribute via salary sacrifice and often the [...]

five steps: step 2 pay off consumer debt

This is the third in an irregular series on the five steps to solid wealth. Step 1 was spending less than you earn. Step 2, paying off consumer debt is generally (but not always) necessary to ensure solid wealth because consumer debt is expensive. It certainly puts you in the right mindset of not paying [...]