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Forced Retirement Savings: Good or Bad?

A modern family no longer has the one-size-fits-all approach to mealtime. With children having access to so many options, parents must juggle traditional favourites with new tastes and take into account dietary restrictions. The sharing of family recipes, as well as allowing freedom of choice, can be key in showing children that food is a way to explore the world.

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Urgent Call: Update Pensions Dashboards Schedule

The UK government and pensions authorities are under pressure to set a timeline for the proposed pensions dashboards project, granting citizens access to vital information regarding their retirement savings in one place. It has the potential to revolutionize the industry, giving users the power to compare pension schemes, track their savings journey, and make informed decisions to ensure economic security post-retirement. With the deadline initially planned for 2023, it is essential for them to provide more clarity to ensure the success of the pensions dashboards initiative.

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Females’ Savings Jeopardized: 87% Opt for Cash

Research by Wealthify has shown that nearly nine out of ten women avoid investing, preferring instead to go with a savings account. This is in stark contrast to the 58% of men who made the same decision. Furthermore, 74% of women reported feeling anxious about investing. Other studies point to gender disparities in investment choices, with NatWest Markets showing that almost twice as many men as women have invested in the stock market this year. Initiatives promoting education, guidance and support are being implemented to address this gender imbalance, and many organisations are providing services to help investors make informed decisions and invest with confidence. These efforts have the potential to make a real impact, allowing both men and women to feel more comfortable and equipped when making investments.

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PIMFA Applauds FSCS Levy Cut, Demands Sustainable Solution

PIMFA's announcement of a reduced FSCS levy for 2023/24 is great news, helping to end a period of financial instability. Despite this, an effective, long-term plan is still greatly needed. Its goal: to reduce or even abolish the FSCS levy and build trust with customers. To achieve this, PIMFA and its members must keep making their voice heard and ensure a secure future for the industry.

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Savings Dilemma: 87% Women Prefer Cash Accounts

87% of women are not investing their funds and 74% of them are scared of doing so. 57% of men, meanwhile, feel similarly. Only 41% of women stated they would be prepared to try a stock-buying app, compared to 71% of men after more information about the service was provided. Wealthify is educating people on investing to help them feel more comfortable and provide accessible apps for people to make these decisions. Their efforts are slowly creating a shift in the landscape of investing and generating conversations about financial literacy.

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