The pensions tax relief roller coaster

March 2016 was a roller coaster month for the world of UK pensions. At the start of the month the industry, employers, and savers were braced for predicted alterations to the current system of tax reliefs.  Such changes were shelved only a matter of days later (seemingly in response to the EU referendum), but a […]

25 April 2016 by Steve Herbert

Retirement Planning

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Retirement options: The Tortoise and the Hare

In the world of financial services, and pensions in particular, it’s rare to see any reference made to the lessons of our childhood.  Yet recent criticism of pension annuities has reminded me of that most well-known of Aesop’s fables; The Tortoise and the Hare. Now we all know how this one goes, yet we may […]

15 December 2015 by Steve Herbert

Retirement

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Some friendly fire for the Chancellor on pensions tax relief or something more revealing?

Sometimes a question can provide more insight than the answer. If you doubt me, take a look at this recent Parliamentary exchange recorded in Hansard. “Richard Graham (Gloucester) (Con): The coalition Government freed pensioners from mandatory annuities and encouraged saving through ISAs and auto-enrolment. However, tax relief on contributions to pensions is expensive and favours […]

9 November 2015 by Steve Herbert

Pensions Retirement

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‘Topsey Turvey’ Alice’s retirement portfolio

There are times when you can be forgiven for thinking that the world has turned upside down. Possibly times when everything you have been taught seems to be now almost irrelevant and someone has changed the rules. Well when it comes to investing it would seem that this is now the case and some of […]

27 March 2015 by Justin Urquhart Stewart

Expert Opinion Retirement

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Tesco's turnaround plan is a big blow for the retirement prospects of staff. But will they understand the full implications?

The members of Tesco’s generous defined benefit AKA final salary pension scheme have really paid the price for the mismanagement of the last few years. The story was nearly lost amid praise from market commentators but was reported in FT.com last week. The FTSE 100 supermarket has won praise from investors and a big market […]

12 January 2015 by The Harried House Hunter

Pensions Retirement

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Tesco’s turnaround plan is a big blow for the retirement prospects of staff. But will they understand the full implications?

The members of Tesco’s generous defined benefit AKA final salary pension scheme have really paid the price for the mismanagement of the last few years. The story was nearly lost amid praise from market commentators but was reported in FT.com last week. The FTSE 100 supermarket has won praise from investors and a big market […]

12 January 2015 by John Lappin

Pensions Retirement

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Annuities are not always poor value if you shop around. But that message is sure to get lost amid the terrible headlines

This morning investors will have been alerted once again to the fact that buying an annuity directly from the pension provider they saved with in the first place can be a terrible idea. In many ways it amounts to locking in a pay cut for the rest of your life. A new report from the […]

11 December 2014 by The Harried House Hunter

Expert Opinion Retirement

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Are these the seven biggest risks to investors from the pension income reforms?

It is clear that pension investors are waiting to take advantage of the pension income reforms, but what about the risks? The Association of British Insurers has confirmed that annuity sales are down a spectacular 56 per cent on the same time this year, and income drawdown sales have more than doubled as Mindful Money […]

24 November 2014 by The Harried House Hunter

Pensions Retirement

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Missing the signals?

The British – when faced with a fundamental truth they would rather not accept – have been known to simply ignore the facts placed before them. This is perhaps best summed up by no less a historical colossus than Lord Nelson, who is reported to have placed a telescope to his eye patch, and then […]

5 November 2014 by The Harried House Hunter

Expert Opinion Retirement

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Increasing the retirement age is not as simple as just keeping up with life expectancy

As we live longer, so it seems we must work longer. That is clearly the view of the Department for Work and Pensions. The department has a great deal of input into the amount and indeed the conditions attached to the receipt of the state pension. Its recently published ‘business plan’ says it would like […]

8 October 2014 by The Harried House Hunter

Retirement

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