I’m sure the first reaction of most will be ‘easier said than done’. If you’re in you, or more likely given my target audience, your offspring are in your or their twenties, every penny of that mythical £460 a month is likely to be needed. Probably for rent or, who knows, maybe a mortgage if you’re one of the dwindling numbers of under-40-something property owners. Or, if you’ve started what will nowadays be considered young, to feed young mouths. Of course, you may be auto-enrolled to save something into a pension, but unless you more than double the average that’s going in, that won’t get you to pension millionaire-hood. However, something is better than nothing, and my savings message is always, find out what you can afford to do (bit of maths required), put some to pension, some to ISA and some into the bank. And you’ll be heading in the right direction.
“Advisers should not fear being replaced by AI”
Until I read this, I hadn’t worried that I or any of my ilk might be replaced by robots, or AI at least, which to many a mind is the same thing. I remember Hal the computer in 2001, and of course the Daleks, although I think they’d be more likely to exterminate than advise.
