Tag: retirement
Beware of Early Pension Release
Pension release is when you agree to transfer your pension savings to an arrangement that will allow you to access your funds before you reach the age of 55. In rare cases, such as terminal illness, it’s possible to access pension funds before the age of 55. However, for most people, promises of early cash [...]
Read moreMost Pension Savers do not Review Pension Plans and Pots
According to a February 2013 survey of over 2,000 UK adults, conducted by YouGov on behalf of Duncan Lawrie Private Bank, 38% of respondents who are pension savers and who have at least one private pension pot, have never reviewed their plan, while 14% have not done so in the last three years. Women appeared [...]
Read moreThe Increasing Cost of Retirement Income
The cost of securing an income in retirement has increased by almost a third since 2009, statistics from the Office of National Statistics (ONS) have revealed. According to figures published in April 2013, men will need 29 per cent more savings to reap the retirement income that they could have gained in 2009. In 2009, [...]
Read moreCould you be losing a pension down a ’black hole’?
A shift in the UK working culture and confusion around retirement planning is creating a pension ‘black hole’, with almost a quarter (23%) of UK adults stating they have lost track of at least one of their own pension schemes, according to a new poll for Age UK. The online poll, commissioned to find out [...]
Read moreAuto Enrolment – What You Need to Know as an Employer
In 1901 there were ten people of working age for every person who’d retired. A hundred years later, the ratio was three to one – and by 2050 the Department for Work and Pensions estimates that there will only be two people of working age for every person receiving a pension. Given that not every [...]
Read moreThe Baby Boomers Regret
Research by Standard Life has evidenced that people in Britain’s baby boomer generation, now approaching retirement, say that their biggest financial regret is not starting saving for retirement earlier. Nearly one in seven (15%) of adults responding, admitted wishing they had started a pension sooner, with the figure rising to one in five for those [...]
Read moreMore women in work due to rising female pension age
Since April 2010, the age at which women can first receive a state pension has been rising from 60. It is currently at 61 years and 5 months and is due to rise to 66 by 2020. So far, this change has played a part in increasing employment among those women directly affected by the [...]
Read morePlanning how to pay for a care home
When moving into, or helping a loved one into a care home, you need to fully understand about costs and affordability, including what the state provides. Paying for a care home place is often a family concern and it may be essential for everyone involved to have a good understanding of the issues. Basically, if [...]
Read moreHow to Utilise Pensions to Meet Your Needs
Self Invested Pension Plans (SIPPs) and Small Self Administered Schemes (SSASs) have a number of unique features which enable flexibility with regards to the underlying investments you can hold in a pension plan and the options available for loans, borrowing and pension benefits. Informed Financial Planning are able to advise you in all these [...]
Read moreWhich? survey reveals worrying trend
In a recent Which? investigation, some of the UK’s biggest banks were identified as failing to give the right advice when it comes to transferring and managing their Cash ISAs. In the investigation, Which? placed 180 calls to 15 leading banks and building societies to assess the quality of advice given to people who want [...]
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