Seven power tips for pension planning

If you think life is looking more and more like Tales of the Unexpected, don’t despair. It’s still possible to take control of your own future – by understanding how pension freedom works. They say predicting the future is a mug’s game. They have a point. Just a couple of months ago, if I’d suggested … Continue reading “Seven power tips for pension planning”

Retirement regrets and how to avoid them

First, the good news. Research1 shows that nine out of ten recent  retirees are really enjoying their retirement. Freed from the  restrictions of working life, they can pursue their hobbies, take lots of holidays and spend more time  with their families. Where people have regrets, it’s often to do with the way they planned for … Continue reading “Retirement regrets and how to avoid them”

Leave or Remain? The final salary pension decision

Final salary pensions may be gold-plated, but are you also sitting on a transferrable gold mine? Here we weigh up the pros and cons of transferring to a personal pension, and offers a way to calculate your potential benefits. Gold-plated. Gold standard. Or how about the less glitzy ‘copper-bottomed’ or ‘cast-iron guarantee’? However you look … Continue reading “Leave or Remain? The final salary pension decision”

Your 10-point plan for the perfect pension

Do you tend to plan your life, or just go with the flow? When it comes to ensuring you’ve got money to spend in retirement, the only way is planning. Whether you’re just starting your career or about to end it, here are the 10 best pension tips to live by. ‘Pension are for old … Continue reading “Your 10-point plan for the perfect pension”

Your passport to Real Pension Freedom

Whether you see retirement as one long holiday or as a fresh start, it will certainly be the journey of a lifetime. Will you end up where you want to be? When you think ‘retirement’, what image springs to mind? Maybe it involves an aeroplane touching down somewhere sunny. Most of us may hope to … Continue reading “Your passport to Real Pension Freedom”

Your pension – plane or helicopter?

How will you set up your pension when your retire? Will it be something plain and simple, or a trickier (but more flexible) arrangement? These days it’s become harder to make your retirement plans take off – so find yourself a good co-pilot. Flying lessons in retirement, anyone? Why not – if your pension will … Continue reading “Your pension – plane or helicopter?”

Gear up for the new pensions dashboard

The government has announced that a ‘pensions dashboard’ will appear in 2017. What is this new concept, is there mileage in it, and why should you be interested? We get you up to speed. Every wondered why it’s called a ‘dashboard’? The word dates back to the horse and cart, when a wooden board was … Continue reading “Gear up for the new pensions dashboard”

The power of a savings MOT (‘Moment of Truth’)

A report by Royal London has revealed the battle faced by over a third of UK consumers. Day-to-day spending needs mean that many are finding it impossible to save for retirement. But there may be a solution in the form of one-off opportunities, if these can be identified in time: the savings ‘Moments of Truth’. … Continue reading “The power of a savings MOT (‘Moment of Truth’)”

One step closer to the pension advice allowance

Plans are taking shape for the pension advice allowance, to encourage more people to seek independent advice on their retirement choices. It is expected to allow the tax-free withdrawal of £500 from your pension pot before you reach 55. Here’s how it could work in practice. On the day you turn 55 years old, you … Continue reading “One step closer to the pension advice allowance”

Pack your retirement parachute

What is it about pensioners and parachutes? We turn 55 and feel suddenly compelled to fling ourselves from high places strapped to an outsized duvet cover. But by a neat coincidence, skydiving can teach us a crucial lesson about retirement. Picture the scene. You’re hurtling down at 120mph towards terra firma (and it does look … Continue reading “Pack your retirement parachute”