Financial Focus: Autumn 2022

In this issue…

Many have turned to savings to help meet their increased costs and in this edition we look at different aspects of the problem. For those eligible to draw down pension lump sums, the short term gain in funds could store up future problems in depleted income. Those who have managed to create a cash safety net will be in a better position but maintaining it at sufficient levels may be challenging. We also mark the first decade of automatic enrolment for workplace pensions. While almost 80% of those eligible are now enrolled, there is more to do to increase contribution levels and for those currently excluded or self-employed. We highlight the continuing need for specific advice for those taking advantage of simpler divorce and dissolution rules to ensure the fair division of assets. With long NHS waiting lists we also look at the benefits of private medical insurance.