Personal finance
As Social Security celebrates its 90th anniversary, a new report by the Transamerica Center for Retirement Studies (TCRS) highlights the program's critical role in providing financial security for millions of Americans. The survey-based report, released in collaboration with the Transamerica Institute, examines Americans' beliefs, expectations, and reliance
Financial services
With the burden of financial stress weighing heavily on many of us, a new trend is emerging that's challenging the silence surrounding money management. Loud budgeting, a movement that encourages open and honest conversations about finances with friends and family, is gaining popularity. Financial planner Zoe Brett sheds
Financial services
In a major milestone for the North East's financial industry, Active Chartered Financial Planners is marking its 25th anniversary by welcoming two senior team members, Craig Honeyman and Lauren Lee. These appointments come as the firm's demand continues to grow, with the successful recruitment drive in
Financial services
The second quarter of 2025 witnessed a significant decline in personal loan applications for small businesses in Cambodia, with a 15.7% fall reported by Credit Bureau Cambodia (CBC). This decline was primarily driven by a decrease in working capital, agriculture, asset finance, and other applications. However, construction applications saw
Financial services
Having a solid disaster preparedness plan in place not only means having food, water, and a first aid kit, but also access to cash and financial services. The Federal Deposit Insurance Corporation (FDIC) emphasizes the importance of financial preparedness and provides valuable suggestions to include in your disaster plan. By
Financial services
Mercer Global Advisors, Inc., a national Registered Investment Adviser, has announced the acquisition of Family Wealth Planning Group, a Naples, Florida-based wealth and tax planning firm overseeing $1.2 billion in assets for over 200 families. This transaction marks Mercer Advisors' 20th women-led partner firm and expands its presence
Pensions
As Chancellor Rachel Reeves struggles to balance the UK's budget, she is considering targeting retirement pots, a move that could raise £70bn a year in tax revenue. This would be a departure from the current system, where workers pay £12.8bn annually in individual contributions to personal pensions.
Pensions
The Work and Pensions Committee has highlighted a significant problem in the UK, where thousands of people are missing out on Pension Credit, a benefit that could help them avoid living in poverty in old age. The report, which has been described as a "scandal" by an MP,
Pensions
Pension inheritors will soon face significant changes with the introduction of inheritance tax from April 2027, confirmed by the government. This means that those receiving inherited pensions will be responsible for reporting and paying the tax due, impacting thousands of estates. Families dealing with the loss of a loved one
Pensions
The British government's current pensions system is on course to create a "tsunami of pensioner poverty" unless overhauled, Liz Kendall, the work and pensions secretary, warned at the launch of an independent commission on the pensions system. The commission, led by Jeannie Drake, will consult with
Pensions
A major review into pension saving has been announced by Labour, amid concerns that today's workers face a higher risk of poverty in retirement. The review aims to encourage workers to save more money for their retirement, as experts warn that people looking to retire in 2050 are
Parenting
A recent survey by Melbourne University's HILDA in 2020 revealed a sharp drop in financial literacy among young people aged 24 and under, raising concerns about the importance of teaching financial literacy in schools. While the national curriculum includes some aspects of financial literacy, its implementation is largely
