- Plus in this podcast: What Labour means for pensions and the stock market
- Can you set up your own investment trust?
- Where is the best customer service in the UK?
Do you feel financially secure? When it comes to budgeting, saving, investing and building your retirement, are you clueless, comfortable or do you carry on?
Financial confidence could add £67,000 to your lifetime wealth, according to research from Moneybox this week. Confident people are worth an average of £145,000, compared to £78,000 for those without.
But what does financial security actually mean and how do you achieve it?
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In this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert discuss how to boost your financial confidence and whether the tips work.
And now that we’ve been in power for a week and a pensions review is on the horizon, the team looks at what Labour could do for our pension savings.
Meanwhile, investors appear to be welcoming Labour’s takeover and this week investment giant BlackRock warned about Britain’s “relative political stability” and cheap stock market.
Does this mean you will get good returns in the future and how can you invest?
A reader who asked This is Money an unusual question was pondering investing a large sum: I inherit £10 million, should I set up an investment trust? So what’s the answer to that?
And finally, a new report has revealed the best places in the UK for customer service. Is your favourite on the list?