Insights

New data reveal trigger points for getting cover 

New data reveal that most people need a trigger event before taking the leap. While 35% of the UK population have life insurance, it often takes a life milestone to act. Life changes or risks can prompt action—but being proactive is key. Don’t wait for a trigger: review your cover today. 

An end to the Bank of Mum and Dad? More than one in ten retirees cutting back on gifting

According to Quilter research, gifting can reduce IHT, but errors can erase benefits. A common pitfall is the ‘gift with reservation of benefit’ - where you give something away but keep using. Make sure to keep detailed records and plan carefully.  

News in Review

This week's edition covers Scotland's draft Budget and subdued UK house prices as year-end data emerges

Moving house? Don’t forget the protection review

Research shows 32% of policyholders never update their cover after moving, leaving potential gaps. Life changes—like a new home or mortgage—mean it’s time to check Life Insurance, Income Protection, and Critical Illness Cover. Make sure you don’t leave gaps in your protection. 

People don’t understand IHT

1 in 3 people expecting £300k+ don’t fully understand IHT. Only 20% plan to pass on assets during their lifetime, often due to uncertainty—but 80% of women who get financial advice use tax-efficient strategies to protect their wealth. With IHT rules changing, now’s the time to seek professional guidance

Monthly payments increase home insurance cost by a third

New research suggests that the extra cost associated with paying monthly can be as high as 33%. It makes a big difference as to whether you pay for home insurance cover monthly or annually. The research also found that the timing of the renewal can make a major difference to the total cost. 

Categories

You are now departing from the regulatory site of Retire Invest.

Neither Retire Invest Nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.