Category: retirement & Uncategorized
Ahead of the forthcoming pension freedom reforms in April, Pensions Minister, Steve Webb, has called for even further changes to the UK pension industry, to make life easier for retirees. Speaking at The Resolution Foundation in London, Mr Webb advocated for the creation of a dedicated Government Pension Department, amid a raft of further suggested reforms based on his experiences to date.
Category: retirement & Uncategorized
Approaching fast is April 2015, when you could have even more freedom to decide what you want to do with your pension savings as you approach retirement. Whatever you choose to do, and it will be your choice if you qualify, think carefully and choose wisely. Seek advice before making a choice if you are not sure of the effects that might result. You have two broad choices that you can make â cash-in or hold on to your savings.
Category: retirement & Uncategorized
Are you relishing the arrival of your retirement, whenever it may be due?
A recent survey from Aegon found that whilst people continued to have positive aspirations for retirement, there was nevertheless a widespread lack of confidence that retirement would actually deliver.
With careful planning though, you can address all of your potential concerns and ensure you are ready for a happy and productive retirement.
Category: pensions & retirement & Uncategorized
Following George Osborneâs announcement during the 2014 Budget that over-55s would benefit from increased freedoms around their pensions, the government has recently provided details on its free âadviceâ service, which was also announced during last yearâs Budget.
Category: pensions & retirement & savings & Uncategorized
The new pension rules, coming into effect this April, will enable those over 55 to take as much money as they like out of their Defined Contribution (DC) schemes, at lower tax rates.
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Category: retirement & Uncategorized
The answer very simply is that the State Pension alone is not enough! For most of us, the State Pension is the valuable foundation which underpins our retirement income. On its own, according to most cost of living figures, the state pension alone does not adequately provide for a reasonable standard of living in retirement. In fact, living on the basic state pension income alone would be defined by most measures as âliving in povertyâ.
