Rebuilding My Financial Independence

Loss of financial independence following divorce, redundancy or a partner’s death can prove incredibly challenging.
We can help clients plot the way ahead.

The Benefits of Reliable Financial Advice

If you haven’t had responsibility for your financial affairs previously, or are nervous about seeking advice, then the experiences of others in the same position may help.

They felt the main benefits they received were:

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33% 32% 55% 34% 31% 5% 33% After the fees, I am better off financially 55% It gave me peace of mind 32% I am more likely to achieve my financial goals 34% It ensures my affairs / estate are tax efficient 31% It will protect me against losses and making poor decisions 5% Other
33% 32% 55% 34% 31% 5% 33% After the fees, I am better off financially 55% It gave me peace of mind 32% I am more likely to achieve my financial goals 34% It ensures my affairs / estate are tax efficient 31% It will protect me against losses and making poor decisions 5% Other

Sources of Retirement Income

Income in retirement isn’t just about pensions, research from Old Mutual Wealth shows what percentages of retirees receive income from the most common sources – so make sure you consider all income sources in retirement.

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71% State Pension 60% Defined Benefit Pension 37% Savings 28% ISAs 22% Other investments 19% Personal Pensions 11% Part-time work 7% Buy to let rentals 1% Equity release 71% 37% 60% 28% 22% 11% 19% 7% 1%
71% 37% 60% 28% 22% 11% 19% 7% 1% 71% State Pension 60% Defined Benefit Pension 37% Savings 28% ISAs 22% Other investments 19% Personal Pensions 11% Part-time work 7% Buy to let rentals 1% Equity release

Increases in the Number of People Living Alone

Many of our client find themselves in the position or having to rebuild their financial independence, often in the later stages of their lives. Recent statistics from the ONS shows that the number of people living alone in 2018 has surpassed 8 million, up from 7.7 million in the previous year, driven by increases in women aged 45 to 64 years and men aged 65 to 74 years.

  • Reasons for increases in these age and sex groups include:

  • increasing population aged 45 to 64 years
  • rises in the proportions who are divorced, single or never married
  • increasing male life expectancy catching up with female life expectancy
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The number of people living alone by age group, UK, 1998 to 2018 16 to 24 years 25 to 44 years 45 to 64 years 65 to 74 years 75 years + Millions 3 2 1 0 2002 1998 2006 2010 2014 2018
3 2 1 0 2002 1998 2006 2010 2014 2018 The number of people living alone by age group, UK, 1998 to 2018 16 to 24 years 25 to 44 years 45 to 64 years 65 to 74 years 75 years + Millions

Just let us know how we can help you...