Tag: annuities

Additional UK Pension Reforms – October 2014

Posted on November 3, 2014 No Comments

The government has published the Taxation of Pensions Bill, which will change the tax rules to allow individuals aged 55 and above to access their defined contribution pension as they wish from April next year. As part of this bill, the government is proposing to change the rules on taking pensions as a lump sum […]

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IFP’s 2014 Budget Overview

Posted on March 20, 2014 No Comments

The Chancellor delivered his 2014 Budget to Parliament yesterday and it proved to contain both big changes to ISAs and the biggest pension reforms for many years. The changes were ambitious and wide-reaching and give both savers and retirees new options to consider in their financial planning. In order to help to put the Chancellor’s […]

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Why Directors and Business Owners Fail to Plan their Retirement

Posted on February 4, 2014 No Comments

Company directors and owners of SMEs make plans and do forecasts all the time. Cash flow forecasts, SWOT analyses, plans for renewals and refurbishment; there’s hardly a day when they’re not eyeball to eyeball with a spreadsheet. So why do so many of them fail to plan their own retirements? With studies suggesting that only […]

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Will the State Pension really fund your post-retirement leisure?

Posted on January 20, 2014 No Comments

Too many people are going to rely on the state pension in retirement to provide for all their needs and wants, including their leisure activities, a Nationwide survey has found. Nearly half of the 2,400 surveyed rely on or plan to rely on the state pension for their post-retirement holidays and other leisure activities. Going […]

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10 New Year’s Resolutions for your Financial Planning

Posted on January 2, 2014 No Comments

The economies on both sides of the Atlantic might be showing clear signs of an upturn as we start the New Year, but that doesn’t mean we can suddenly afford to ignore our personal financial planning. So in the best traditions of New Year here are ten financial planning resolutions that will hopefully help make […]

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Study of athlete’s finances shows why financial planning is so important for the rest of us

Posted on December 12, 2013 No Comments

Whilst many of us may imagine that highly paid professional athletes have little need to worry about their future incomes, a study into the finances of professional sports people in the US has suggested otherwise. My family and I love this product. For years we have took it. Cialis daily? It can help many men […]

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Call for industry to act now to end pension liberation

Posted on November 26, 2013 No Comments

Leading insurance, savings and investment provider, Aviva, are joining several other industry voices to call for stricter rules on pension transfers to stop the spiralling number of people being persuaded by fraudsters to access their retirement savings early – at a huge financial cost. Despite increasing awareness about the tactics being employed by so called […]

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With long term care costs rising, savers need to think carefully

Posted on November 1, 2013 No Comments

The cost of long term residential care for the elderly is set to increase dramatically, according to research from Liverpool Victoria, who predict that by 2025 the annual cost of care will be £33,000 per person. Tightening eligibility criteria for funding has meant that of the two million older people now in England with care-related […]

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How will you pay for your long-term care?

Posted on October 2, 2013 No Comments

The longer we live the more likely we are to need long–term care later in life – and most of us are now likely to live longer than we would have in the past. While many of us have watched the older generation grow old and need long-term care, the inevitability of ageing is generally […]

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Changes in real earnings in the UK, 2002 to 2012

Posted on September 5, 2013 No Comments

Average earnings of employees in the UK have fallen in real terms – their value in relation to the cost of living, between 2009 and 2012, according to a recent report published by the Office of National Statistics (ONS). The report states that the fall represents a change from the strong growth in real wages […]

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