- Monday, 11 February 2013
The National Federation of Occupational Pensioners welcomes the Work and Pensions Committee report, which recommends the removal of the restrictions on NEST.
Previous restrictions included a cap on the total level of annual contributions which can be paid into NEST each year and the inability to transfer pension pots in and out of NEST. As the intention of NEST is to encourage all those in employment to save for their retirement, it is imperative that there are as few discouragements as possible.
- Monday, 11 February 2013
Millions of families will be hit by the coalition’s U-turn on its flagship pledge to reform the inheritance tax (IHT) system, but there’s no need to panic as there are still various ways to mitigate your IHT liabilities, say financial advisers.
- Wednesday, 30 January 2013
Organising a funeral involves a great deal of emotional and mental strength and it’s important to not ignore the impact on finances.
Dealing with the costs of a funeral is extremely important which, if not planned for, cause unnecessary stress during a very difficult time.
- Thursday, 24 January 2013
Nearly one in five (18 per cent)1 of those planning to retire this year will have outstanding debts, averaging £31,200 each, according to new figures released today by Prudential.
Its Class of 2013 research, the latest of the annual studies conducted by Prudential since 2008, tracks the plans and expectations of people entering retirement this year.
- Monday, 26 November 2012
New Government figures suggest most people will stay in a pension scheme and start saving for their old age under automatic enrolment.
The Department for Work and Pensions has published its latest survey on retirement saving, Attitudes to pensions: The 2012 survey.
The research shows nearly three quarters (70 per cent) say they are likely to stay in a pension scheme if they are eligible to be automatically enrolled.
- Wednesday, 07 November 2012
Greater transparency in the annuities industry, better targeted information for consumers and a greater role for technology could play a significant part in mitigating any negative impact of new rules which change the way people pay for financial advice.
With around 50 days to the introduction of the retail distribution review (RDR), the International Longevity Centre-UK (ILC-UK) has today published “Advice for all”, a new report which sets out practical solutions to address the advice gap post RDR.
- Tuesday, 09 October 2012
More than three quarters (77%) of specialist retirement income advisers expect the fixed term annuity market to grow in the next two years, according to new research from innovative retirement income specialist, Primetime Retirement. Indeed those IFAs anticipating growth think that on average, the market will grow by 26%.
- Monday, 20 August 2012
Thousands of people are losing more than £1,000 every year by failing to claim all the tax relief available on their pensions, experts have warned.
Six in ten of those entitled are not collecting the full 40 per cent tax relief on their pension contributions.
- Thursday, 09 August 2012
Gordon Morris, Managing Director of Age UK Enterprises, said:
“It has never been a trickier time to contemplate retirement. Interest rates are at a record low, negatively impacting savings, and tumbling annuity rates are further eroding retirement finances. For many, retirement in their early sixties is now a pipe dream as their savings will not be sufficient to fund their later years. It’s therefore more important than ever to plan ahead and think about the timing of your retirement and look at options to boost your retirement income to maximise your income in later life.
- Worst retirement pay-outs in history
- Financial planning for all eventualities
- Higher rate taxpayers lose £296 million a year in tax relief
- 2012 Olympic babies live 30 years longer than their 1908 counterparts
- Chief Executive rubbishes Bank’s QE denial
- Consumers must consider planning for their future or risk jeopardising their retirement
- Retirement should be a process, not an event, argues ILC-UK
- 41% of over 45s would use property to fund care
- Rising retirement age and longer life expectancy looms