Most of us are likely to have paid into more than just one defined contribution pension pot if you have had more than one job. This means there is considerable demand for a clear and transparent pension contribution and transfer’s service.


There are a number of reasons why you might want to make pension transfers, the reasons are listed below:


  • Your current provider does not offer the pension options you are seeking.
  • You would like to combine pensions, so they are easier to manage.
  • You would prefer to pay less in fees.
  • You are planning to move overseas, and you would like a pension scheme within that country.


At clear we offer over 30 years of pension expertise; get in contact if you would like to simplify your pension today.

Economic Recovery Continues at End Of 2020

Reports from investment bank JP Morgan & the Purchase Managers Index (PMI) have shown that the rate of global economic expansion remained consistent throughout the end of 2020. December’s saw a slight slump in comparison to November’s output across the manufacturing and services sector and sharp falls in business activity continued into January. Despite these falls’ vaccine rollouts have helped up lift business optimism to its highest levels since that of May 2014.

Sustainability and Deeper Connections to Stakeholders Continues to Prove A Positive Driver for Better Returns

It is clear that being connected with stakeholders and establishing trust whilst acting with purpose is central to enabling a company to understand the changes that are happening in the world. Investment firm BlackRock highlights this, stating firms should do more to consider all stakeholders when making key decisions.

UK GDP growth rates set to surpass the US in 2021

In reports published by the International Monetary Fund, figures show the UK economy contracted by 10% in 2020 (the largest fall of any other G7 nation). The reports however also forecast that UK GDP will bounce back and exceed that of the rate of the US and other nations within the G7.


Over the last month, clients have been feeding back on how we’ve done in the last year and we’d just like to first take the time to thank every one of you that managed to find the time to complete our survey.

The results have proven we haven’t done a bad job, in fact 85% of you rated our annual review service highly and 96% would recommend the investment advice given from Clear. What might be more reassuring is that 75% of you responded that despite the global pandemic the amount you will be investing will likely stay the same in 2021. The survey also found that clients were happy with the timeliness of our advice and were also happy with our bi-monthly investment update.


The government-backed organisation, National Savings & Investments (NS&I) have announced they will cut interest rates for their Direct Savers accounts from 1% to 0.15% and the return on income bonds being reduced from 1.15% to just 0.01%.

The changes will come into effect from 24th November 2020. Whilst this is a devastating news for NS&I customers, rest assured we have a solution if you want to keep some money in cash. You can have one product which provides access to the whole savings market and places money at highest yielding banks making sure you never exceed the FSCS limit. Moreover the rates will be checked regularly to make sure you get the best rates. At the moment a £500,000 pot will provide 1.16% return which is £5,800 (the full amount is FSCS protected).

Like how the fashion industry distorts beauty standards through photoshopping and airbrushing, many black hat financial news outlets will use hyperbole to panic their audience and keep them engaged. It is therefore important to understand, that unlike financial advisors, the media has no stake in your financial success. This means we must take caution and consider the following key factors when reading financial media.

Source & Motive: Understanding what experience or credentials the author has, will help allow you to evaluate the credibility of the media and whether there are secondary motives to the content produced.

Tone & Hyperbole: Is the content and use of language
exaggerated to keep you engaged or stimulate an emotional response.

Accuracy: Is the content consistent with best
academic practices and experts in the field.

The coronavirus pandemic has caused a shake up to public health concerns and this is not just an isolated issue associated with physical health. Research conducted by Opinium of 10,000 UK residents has highlighted the major effects that the coronavirus has had on Financial Wellbeing.

The study found, although two thirds of the population felt their employer had dealt with the pandemic well, 35% were worried they may lose their jobs because of it. This coupled with the stark reality that 32% of UK employees have lower than one month’s savings, has been the driving force behind a reduced feeling of financial wellbeing.

Percentage who do not feel their employer cares and could support them more:

Planning how you are going to pay any previous debts or upcoming payments as well as looking at ways you can reduce spending and increase saving will help you to improve your financial wellbeing. Clear conducted its own independent study on employees, which found the firm is performing well for overall wellbeing and mental health after staff rated Clear to be supporting and caring.

Why do some of the highest earners finish their careers with little to show for it…?

One hypothesis is that the skills required to generate high incomes differ from those that help to retain wealth.
Making huge gains one year, followed by huge losses the next is all too common in many industries. Our character and personality traits have a substantial impact on how we manage our finances and the choices we make, especially when it comes to our attitudes to risk.

Getting caught in the weeds by adopting a too risky or overly cautious investment strategy can lead to unsustainable losses. Complicating your investments by arranging your wealth structure in a non-linear way can also lead to significant losses. To avoid these pitfalls, people need to change their perspective on how they look at their personal finances.


However, starting early and contributing small amounts at the beginning of your career can make a big difference once you come to retire. One calculation that can help you to figure out how much you would like to pay into your pension is halving your current age and using this number as a percentage of your salary, then paying this amount into your workplace pension. So, if you were 24, you would pay in 12% of your salary per month.

State pensions come from your national insurance contribution and are paid out when you are 66 years old, although this age will gradually climb over the next couple of decades. For you to receive a state pension you will need to make ten full years’ worth of national insurance contributions. Although to get the full state pension (of £175.20 per week currently) you will need to contribute 35 years of employment.

“A great adviser in today’s current climate needs to understand the needs of their clients now and across their lifetime. This can only be done through years of relationship building and a commitment to developing mutual trust and respect. At Clear Financial Advice we aim to provide financial planning advice, without limitation, to individuals and organisations, supporting them to achieve their ambitions both today and throughout their lives.”