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The UK could face a “retirement savings crisis” as workers aren’t putting enough away
Figures suggest that many households aren’t saving enough to be financially secure in retirement. Calculating what income you’d need to reach retirement goals before the milestone could mean you’re in a better position to reach them. According to a report in PensionAge, only 43% of baby boomer households below the age of 65 are on track to secure a “moderate” income. The Pensions and Lifetime Savings Association define this as £20,800 for a single retiree and £30,600 for a co

Tom from Harken Financial
Nov 9, 20224 min read
Behavioural finance: 6 unexpected ways bias could affect your financial decisions
How much does bias affect your financial decisions? While you may try to make decisions based on facts, it can be much easier than you think to overlook when your decisions are being influenced by emotions or bias. Last month, you read about why bias occurs and how it can lead to “irrational” decisions through making shortcuts. Now, read on to discover six signs that bias could be affecting your financial decisions. 1. You hold on to certain information When you make financia

Tom from Harken Financial
Nov 9, 20224 min read
Mortgage lenders are told they can scrap affordability rules. Here’s why it’s still important to ass
The Bank of England’s (BoE) decision to scrap some affordability tests for people taking out a mortgage could mean you’re able to borrow...

Tom from Harken Financial
Aug 22, 20223 min read
7 essential money lessons your children need to know before they go to university
The day that you send your child or grandchild off to university can bring up mixed feelings. There's pride and joy at their...

Tom from Harken Financial
Aug 22, 20225 min read
5 unexpected lessons you can learn about finances from Roald Dahl
Roald Dahl’s books are known for colourful characters, fantastic adventures, and simply being fun. As a child, they’re the perfect books...

Tom from Harken Financial
Aug 22, 20224 min read
Women are investing earlier than men, and it could close the wealth gap
The gender wealth gap is a widely acknowledged issue in the UK, particularly in the context of pension savings and women’s ability to...

Tom from Harken Financial
Aug 22, 20224 min read
How self-employed workers can create financial security amid economic uncertainty
As a self-employed worker, it can be more difficult to manage your finances. Your income may vary or not be as reliable as those who are...

Tom from Harken Financial
Aug 22, 20224 min read
5 important things to check this Pension Awareness Day
If you’re guilty of ignoring your pension, a review ahead of Pension Awareness Day on 15 September can help make sure you’re on track for...

Tom from Harken Financial
Aug 22, 20224 min read
7 important things you may overlook when you’re moving home
It’s often said that moving house is one of the most stressful experiences. So, it’s natural that some of the tasks you should tick off slip your mind. According to a study covered in Metro, more than half of homebuyers say the process is even more stressful than they thought it was going to be. From worrying about a sale falling through to becoming stressed about the amount of admin required, there’s a lot that can make moving home taxing. If you’ll be one of the thousands o

Tom from Harken Financial
May 9, 20224 min read


The Platinum Jubilee: From shillings to contactless payments in 70 years
This summer the Queen will celebrate an incredible 70 years on the throne. Since her reign began in 1952, the world has changed a lot – who in the 1950s would’ve thought it’d be normal to carry a computer in your pocket that lets you make calls, access the internet, and a whole lot more? During that time, money has changed enormously too, from how it looks right through to how we use it. Here are some of the ways money has changed during the Queen’s reign. The changing portr

Tom from Harken Financial
May 9, 20224 min read
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