Category: News

7 scary pension mistakes to avoid this Halloween

Published on October 6, 2020 by TFP Team Category: Financial planning & News

The nights are drawing in and Halloween is around the corner. But while you might get spooked watching a horror film this season, pension mistakes can be just as scary (and cost you far more). With that in mind, here are seven pension mistakes to avoid to keep your retirement on track. 1. Not claiming

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Should you take a tax-free lump sum from your pension?

Published on October 6, 2020 by TFP Team Category: Financial planning & News

Your 55th birthday, rising to 57 in 2028, often marks being able to access your pension for the first time. The opportunity to take a 25% lump sum tax-free is certainly attractive and can be too tempting to resist. But it’s not a decision to take lightly and it isn’t the right move for everyone.

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Chancellor announces new Covid-19 economic support – everything you need to know

Published on September 24, 2020 by TFP Team Category: COVID-19 & News

Back in July, Chancellor Rishi Sunak announced a second range of measures designed to protect the economy through the Covid-19 pandemic. His next update was scheduled to be the Autumn Statement in the coming weeks. However, given the newly imposed Covid-19 restrictions and economic uncertainty, the Budget has been cancelled. In a statement sent to

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Quarterly Economic Commentary – Q2 2020

Published on September 23, 2020 by TFP Team Category: News & Quarterly Economic Commentary

The coronavirus pandemic and associated containment measures continued to weigh on the global economy in Q2. The UK economy had already suffered its worst quarterly contraction on record during Q1, with negative shocks to output across all sectors. This was partially mitigated by both monetary and fiscal stimulus. We expect a worse contraction in Q2

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Your TFP update

Published on September 23, 2020 by TFP Team Category: News & TFP updates

As ever, it’s been a busy month at TFP with a couple of our team in full-on exam mode! More of that in a moment… Last month we held our first Client Advisory Group, a new initiative designed to gather feedback and suggestions for improvement, and opinions on how to develop our business in the

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