Pensions

If you’re thinking about opting out of a Defined Benefit pension scheme into a Defined Contribution scheme, here are 10 things you need to consider first. Worrying statistics this week revealed that only 56% of workers are saving for retirement so it’s good news that the Lifetime ISA is on course to launch in April 2017. However, calculations revealed that the associated exit charges for the new scheme could actually eat up half of your investment growth.

Investing

The old investment adage goes “Sell in May, go away come back again on St.Leger day”, but had you followed this, you would have been wrong and out of pocket. We went back to basics to help you understand investment trusts and get the top tips on how to build a successful investment portfolio. And we also hear from a fund manager whether morality and investment can co-exist.

Savings

With many children starting the new school term this week, parents are urged to start saving early to get them through university. But it seems many families would rather vacuum than look at the state of their finances. If you want to get away from it all, could this currency sale help you bag a better rate for a last minute holiday? There was also bad news for MasterCard but potentially good news for consumers as a £14bn damages claim has been filed against the company – if successful, it could mean redress for 40 million UK adults.