Leading Staffordshire building society, the Hanley Economic is to host its first Later Life Seminar.
The free event, to be held at the Double Tree by Hilton, Festival Park, will give local residents easy access to vital seminar sessions from the building society’s experts, financial advisers, and specialists on wills and lasting power of attorney.
Visitors will also get an opportunity to access one to one advice with representatives from Hanley Economic, financial advisers Principle Wealth Solutions, and Accord Legal Services.
“Planning for life after work is crucial,” said David Lownds, Head of Products and Marketing, at Hanley Economic. “After perhaps 40 years in employment, people deserve to enjoy a happy, comfortable retirement but research by the Pensions And Lifetime Savings Association say almost eight in 10 UK savers don’t know how much they will need in retirement.”
Experts at the Later Life Seminar will focus on topics including understanding retirement interest only mortgages, later life financial planning, wills, and power of attorney.
Mr Lownds said: “The Office for National Statistics say there were 15,120 UK residents aged 100 or over in 2022, with centenarians more than doubling since 2002, so many more people are looking to enjoy a long, comfortable retirement. We all need to consider how we can afford to live the life we want to in retirement and how to manage any pension pots and assets we have.
“It’s crucial that we also have a succession plan. Only half of UK residents are believed to have made a will and even less will have discussed a Lasting Power of Attorney (LPA) with their relatives, but without an LPA, it can be difficult for your next of kin or close relatives to gain access to finances if someone loses mental capacity or suffers a medical condition such as a Stroke or heart attack.
“We will be joined at the seminar by experts from Accord Legal Services who will guide visitors through the steps they need to take, while Principle Wealth Solutions will be presenting on the benefits of financial planning in later life.”
The Later Life Seminar will take place between 1pm and 3pm on Wednesday, 18, September, with arrivals possible from 12.30pm. Light refreshments will be available.
This is the first event of its kind by Hanley Economic. Spaces are limited and it is important to book in advance by telephoning Hanley Economic on 01782 255000 or by calling in at one of the building society’s branches in Hanley, Longton, Newcastle-under-Lyme, Stone, Cheadle, Biddulph or at Festival Park.
