Making sufficient financial preparations for the future Retirement savings have plummeted among those aged 55-64 over the past year as the cost of living continues to rise, according to Aviva’s latest Real Retirement Report. The report assesses the impact of financial pressures and concerns across the UK’s three ages of retirement: the 55-64s (pre-retirees), 65-74s… Continue reading Is your nest egg cracked?
Category: Retirement
Navigating a shifting landscape
Prioritising short-term needs as opposed to long-term goals Recent years have brought tremendous change around the globe, change that affects us all. People are trying to navigate this shifting landscape, but it’s not easy. In the first Investor Pulse survey conducted by BlackRock, half (50%) of the people surveyed said they feel in control of… Continue reading Navigating a shifting landscape
What to consider if you are approaching your retirement
Make sure you have enough income to provide for your needs in the future Sooner or later we will retire, and the decisions we make today are the ones that will determine the standard of living we will enjoy in the future. If you are approaching your retirement there are some very important choices you… Continue reading What to consider if you are approaching your retirement
Will you enjoy your retirement?
How to improve your golden years no matter what your current stage of life Retirement may seem a long way off for you at the moment but that doesn’t mean you should forget about it. Consider our tips, which could help you increase your retirement income – no matter what your current stage of life – and pursue the retirement you envision. How much State Pension will… Continue reading Will you enjoy your retirement?
Will you be affected by the impending new lifetime allowance limit changes
Thousands of pension savers could be impacted by unless they act swiftly If you are making high levels of pension contributions you will need to obtain professional financial advice to make sure that you know whether you will be affected by the impending new lifetime allowance (LTA) limit changes. Thousands of pension savers could be… Continue reading Will you be affected by the impending new lifetime allowance limit changes
Different types of annuity
Choosing the right option for you In the UK, there are basically two types of annuity: pension annuities (compulsory purchase) purchased life annuities (voluntary purchase) All annuities share the following characteristics: they pay a level of guaranteed income they turn a lump sum into a stream of future income lifetime annuities guarantee to pay an income for as long as… Continue reading Different types of annuity
Occupational workplace pensions
Most employers are obliged to have an occupational pension scheme for their employees There are two main types of occupational workplace pension schemes: Defined-contribution schemes A defined-contribution (DC) or money-purchase pension scheme is one that invests the money you pay into it, together with any employer’s contribution, and gives you an accumulated sum on retirement, with… Continue reading Occupational workplace pensions
Flexible Income Drawdown
In December 2010 the Government announced the introduction of a facility to allow unlimited pension income drawdown as long as members could satisfy a few requirements. This is referred to as ‘flexible income drawdown’ and has been available since 6 April 2011. Historically income drawdown has been restricted by reference to tables produced by the… Continue reading Flexible Income Drawdown
Pension schemes
Whether it’s a long way off or just around the corner, having a plan in place for your retirement can help you get the lifestyle that you want. The State pension alone won’t be enough to ensure a comfortable retirement so it’s important to review your options as soon as you can to make sure… Continue reading Pension schemes
Consolidating pensions
Most people, during their career, accumulate a number of different pension plans. Keeping your pension savings in a number of plans can result in lost investment opportunities and unnecessary exposure to risk. However not all pension consolidations will be in your best interests. You should always look carefully into the possible benefits and drawbacks and… Continue reading Consolidating pensions
