‘EU pension’ promises saving on the move

Europeans have a pension problem – just 27 per cent of those under 59 have any pension savings at all. But plans are afoot for a pan-European personal pension (PEPP) – designed for those whose work takes them through multiple EU countries. If you’re employed and living in the UK, you probably have personal or … Continue reading “‘EU pension’ promises saving on the move”

Defined benefit pension transfers

More than £50bn has been taken out of ‘gold plated’ final salary schemes over the past two years. A study commissioned by the Financial Times over the summer found that 210,000 members have opted to transfer out of their defined benefit (DB) pensions in favour of taking a lump sum. It may be tempting to … Continue reading “Defined benefit pension transfers”

Can you downsize to fund your retirement?

For most people lucky enough to own one, their biggest financial asset is their house.  And it may have been your long-term plan to sell up in retirement and live off the proceeds.  But when it comes to the crunch, could you do it?  Our ‘Look before you leap’ checklist below will help you get … Continue reading “Can you downsize to fund your retirement?”

Raise your pension awareness today!

In a year which has gripped the nation with political uncertainty surrounding Brexit, the dominating headlines around defined benefit pension schemes and a General Election, this year’s Pension Awareness Day hopes to bring some clarity for those in the midst of saving for their future financial security. Most of us are aware that our future … Continue reading “Raise your pension awareness today!”

‘Flexible’ retirement could mean working into your late 70s

A recent report1 shows that those who are planning  a ‘flexible’ retirement, reducing their working hours in their later years  and topping up their earnings with pension income, could have to  work on into their late 70s or even later to achieve a good standard of living. Why is this likely to happen? Nearly four … Continue reading “‘Flexible’ retirement could mean working into your late 70s”

Are you in danger of making a pension mistake?

A review of the retirement market by the UK regulator has raised concerns a growing number of people could be making poor decisions regarding their personal pensions. In 2015 a raft of changes were made to money purchase pension rules. Many people were no longer compelled to buy an annuity, a product offering a guaranteed … Continue reading “Are you in danger of making a pension mistake?”

Leave your family a pension – not a tax charge!

Many employer pension schemes now include a Death in Service benefit. But should the worst happen, this apparent perk may cause even more grief for your family if you don’t plan ahead. What are the risks and how can you avoid them? Isn’t it ironic, as Alanis Morissette once sang? Your employer, keen to offer … Continue reading “Leave your family a pension – not a tax charge!”

What happens to your pension when you die?

If you’ve made a will, well done. But the job’s not quite finished yet. Many people don’t realise that wills don’t cover pension pots – so you need to make separate arrangements. They say you can’t take it with you. And in an ideal world, many of us would like our pension to last exactly … Continue reading “What happens to your pension when you die?”

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”