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Drawdown investors may have lost two years worth of income in market volatility

25 April 2016

Investing for income / growth Retirement

Volatile markets could have wiped up to two years of retirement income off the savings pots of those who entered income drawdown in April 2015[1], according to new research from pension firm Aegon. If market conditions continue on this trajectory, five years of volatility could become a decade of lost income. Aegon has commissioned research […]

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Ten key facts about the state pension

13 April 2016

Pensions

Kate Smith, Head of Pensions at Aegon gives ten key facts about the state pension. The State Pension is changing. If you reach State Pension Age after 5 April 2016 you will receive the New State Pension. The full amount is £155.65 per week (2016/17) and up until 2020 it’s guaranteed to increase by the […]

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Allow early access to pension says Aegon

8 April 2016

Investing Pensions

Pension firm Aegon has backed calls for early access to pensions. Aegon pensions director Steven Cameron says that the plight of women affected by the increase in state pension age has brought the inflexibility of the state pension system into sharp relief. He says that all individuals should have the choice of taking their state […]

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State pension changes – winners and losers

6 April 2016

Pensions

With the new single-tier State Pension of £155.65 being introduced, Maike Currie, Investment Director for Personal Investing at Fidelity International looks at the winners and losers and examines what people can do if they think they are impacted. What’s changing? From 6 April 2016, the state pension system sees a major overhaul, with a new […]

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Self employed are big winners from new state pension

6 April 2016

Pensions

The self employed are set to be the big winners from the new state pension which goes live today. The self-employed are now entitled to up to £155.65 a week compared to a previous maximum entitlement of £119.30 under the previous basic state pension says pension firm Aegon. Aegon’s research shows seven in ten self-employed […]

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New state pension will see people in their twenties and thirties lose out by as much as £19,000 in retirement

5 April 2016

Pensions

Three quarters of people in their twenties are set to lose around £19,000 over their lifetime because of the new state pension reforms. Thinktank Pensions Policy Institute has calculated that three quarters of those now in their 20s will lose a notional £19,000 over the course of their retirement. Two-thirds of those now in their […]

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Building up the state pension privately would cost hundreds of thousands of pounds

5 April 2016

Pensions

The state pension remains a hugely valuable benefit which would cost hundreds of thousands of pounds of saving and investing to build up the same amount privately. With the new single state pension of £155.65 per week goes live on 6 April 2016, the cost to buy this state pension is £243,000 for a man […]

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Two fifths of private landlords considering setting up limited companies

1 April 2016

Property

Some 41% of private landlords are considering setting up as limited companies in a survey of 1,400 landlords. The stamp duty tax and tax relief regime has become progressively tighter in the last few years. The survey carried out by BDRC Continental on behalf of Paragon Mortgages shows that 41% indicated that they are considering […]

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National price hike day: the things that will cost you more from today

1 April 2016

Personal Finance Your Money

Consumers will be hit by a barrage of inflation-busting price increases from today, and unfortunately it’s not an April Fool’s joke.   As well as being a day for pranks, Hannah Maundrell, editor in chief at money.co.uk, said it also ‘seems to have become national price hike day’ and although the increases seem small, with […]

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One in five parents funding adult children’s home improvements

1 April 2016

Personal Finance Property Retirement Your Money

The bank of mum and dad is not just helping adult children on to the property ladder but also providing funds to renovate.   Research by the Post Office Money shows children who have flown the nest remain reliant upon their parents and even grandparents to pay for home improvements.   The UK is a […]

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