What is a default fund? A fund is where your money is pooled with other people’s in a mix of investments. The default fund (or range of funds) offered by a pension provider is where your money is invested if you do not actively choose where it goes. The default fund is usually managed for […]
The biggest risk to your financial goals is the risk of not being able to meet them When people think of risk with regards to their finances, they immediately think about losing money. But is that how you should be approaching planning for your future? When it comes to our money, the risks we face […]
Welcome to the final part of our series, ‘Pensions 101’, aimed at small business owners setting up their first workplace pension scheme. In this blog, you’ll learn more about setting up your pension scheme and payroll system so you and your employees are paying into the scheme on time. Getting started You should have already […]
If you’re contributing to your workplace pension, you’re already taking an important step towards your future. Contributions you make today will be invested and grow over time. But it’s always tricky to know if your contributions are enough to put you on on track for a comfortable future. This article breaks down the basics of […]
If you want to know how much is in your bank account, it’s pretty easy these days to check via a mobile banking app. There are even apps that show you all your bank accounts in one place. But what about your pension? With the average person likely to have at least six jobs by […]
If you are, or soon will be contributing to a workplace pension, you’re joining the 90% of eligible employees choosing to do the same. Congratulations, you’re in good company! But what is a workplace pension when it’s at home? Your workplace pension A pension is a bit like a savings account, but you won’t be […]
One of Maji’s most frequently asked questions is ‘should I consolidate my pension?’. It’s a term you might have seen in your finance research, or maybe in an advert from a pension provider. But is this something you should be considering? The short answer is: maybe! In this blog series, we’ll be telling you what […]
Yes – you read that right. In the UK, there’s £20 billion in lost pension money. You may be wondering what on earth is a ‘lost pension’? Well, it’s where someone, like you, has saved money into a pension –their employer probably added some cash, too – but they’ve lost touch with the pension provider. […]
This is the fourth article in our series about how to set up a workplace pension scheme. Once your pension is up and running (see our Pensions 101 Guide Parts 1, 2 and 3), you’ll be making a sizeable contribution to your employees’ pensions each month. In this way, you are supporting your employees’ futures. […]
This is the third article in our series about how to set up a workplace pension scheme. You’ve set up your workplace pension scheme (using our Pensions 101 Guide Parts 1 and 2). Congratulations! But the job doesn’t stop there. You’ll need to keep on top of your statutory obligations to your staff to make […]
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Maji is the trading style of Maji Financial Wellbeing Ltd, a company registered in England and Wales (Registration no. 11937232). Maji Financial Wellbeing Ltd is registered with the Financial Conduct Authority (Registration no 969225) as the PSD agent of Bud Financial Ltd (Registration no 793327).
