Your Money

Retirement

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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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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More retirees now opting for annuities

29 March 2016

Pensions Retirement

Retirees are increasing opting for annuities to fund their retirement, the latest figures from the  Association of British Insurers show. The trade body has issued the figures one year on from pension freedoms showing that investors have accessed around £6bn in retirement savings. Around half have taken the full amount with the rest taking the […]

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Lifetime ISAs will force young people to work ’til they drop, says ex-pensions minister

18 March 2016

Pensions Retirement Retirement Planning Savings Rates

The new ‘lifetime ISA’ could force young people to work until they drop, the former pensions minister has warned.   Steve Webb, who was pensions minister under the Conservative-Lib Dem coalition but now works for insurer Royal London, has criticised lifetime ISAs, which were announced in the Budget this week   Lifetime ISAs, which some […]

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Pension vs Lifetime ISA: “The economic case for the latter is strong”

17 March 2016

Pensions Retirement Retirement Planning

With debate on-going around whether the Lifetime ISA (LISA) will prove popular or lead to the death of pensions, Richard Parkin head of pensions at Fidelity International has crunched some numbers and argues that while time will tell on popularity, the economic case for saving in a LISA, is pretty strong…. Suggestions that the LISA […]

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Equity release sector responds to rising demand with greater choice

14 March 2016

Mortgages & Property Retirement Planning

The equity release market is responding to increasing demand from elderly homeowners looking to unlock cash from their homes with a wider range of products and options, according to new research by Moneyfacts.co.uk The analysis, which focused on the current offerings available in the equity release market, found that there are now 70 different lifetime […]

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City watchdog aims to get “financial advice and guidance to work better for consumers”

14 March 2016

Investing Strategy Personal Finance Retirement Planning

Millions of consumers could have better access to affordable financial advice and guidance that meets their needs at every stage of their lives as a result of recommendations from the Financial Advice Market Review (FAMR) published today. The review, a joint initiative between the Financial Conduct Authority (FCA) and HM Treasury has concluded there is […]

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Budget pension raid: “Don’t crack open the champagne too soon”

7 March 2016

Retirement Planning

Those subject to the higher rates of taxation and most financial advisers were no doubt rejoicing at the weekend, with the news that the Chancellor has apparently scrapped his planned changes to the tax relief on pension contributions. But what does this mean for savers? And more importantly, what else is in store for pensions […]

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Threat to pension tax relief lifted, for now at least

6 March 2016

Pensions And SIPPs Retirement Planning

The threat to pension tax relief in the next budget has been removed at least for now by the Chancellor of the Exchequer George Osborne. National newspapers have widely reported an ‘ally of the Chancellor’ saying: “Now isn’t the right time, with uncertainty in the global economy and reforms such as auto-enrolment still bedding in, […]

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Auto-enrolment savers given false sense of security over pensions

4 March 2016

Retirement Planning

Auto-enrolment is giving savers a false sense of security about their retirement when in reality they still aren’t saving enough into their pensions.   Portal Financial has warned auto-enrolment, which was introduced in 2012, is not preparing savers for a comfortable retirement and that contribution levels must increase.   Auto-enrolment aims to get as a […]

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