Your Money

Pensions

State pension triple lock to continue to 2020 promises David Cameron

6 January 2014

Pensions And SIPPs

The Prime Minister David Cameron has promised to extend the ‘triple lock’ on the state pension for the life of a future Conservative government. The triple lock is the mechanism by which the basic state pension increase in calculated each year. It rises by the lowest of three measures either the average rise in wages, […]

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Hargreaves Landown warns pension price cap will cost employers thousands in extra costs and disruption and calls for delay to 2017

28 November 2013

Pensions And SIPPs

Hargreaves Lansdown has warned that Government plans to price cap pensions will push big costs on to employers. It estimates that small employers will have to pay between an additional £4,000 and £14,000 at a cap of one per cent. One per cent is at the top of the range of costs being suggested by […]

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Legal & General warns that up to 1.7m savers could pay £4.3bn in excess charges if Government sets the pension charge cap too high

28 November 2013

Pensions And SIPPs

Pension firm Legal & General has warned that 1.7m pension savers could end up paying £4.3bn in extra charges if the Government sets the planned cap on pension charges too high. What Legal & General means by too high in this case is 0.75% which is actually at the bottom of the Government’s proposed range. […]

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Almost a fifth of couples over 40 have not talked about retirement plans

20 November 2013

Pensions And SIPPs Retirement Planning

Nearly one in five or 19% of couples over the age of 40 have avoided discussing their retirement plans in the last five years while 11% have never discussed it, according to new research from Prudential. The lack of retirement conversations extends to taking professional financial advice together. Only one in 10 couples over the age of 40 have seen […]

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Does a planned 0.75% pension price cap mean lower charges for everyone? Well maybe…

30 October 2013

Pensions And SIPPs

So is the price of your pension coming down in price asks John Lappin? Certainly a casual read of the headlines would make it look that way. They suggest that the new annual management charge will be 0.75 per cent. This implies that this is much lower than the norm. It is certainly lower than many […]

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Gocompare tells Help to buy borrowers to ‘go into any mortgage with their eyes wide open’

8 October 2013

Economy Pensions And SIPPs

The second phase of the Help to Buy scheme has now been launched in England and so far only the tax payer-backed banks have announced their rates and are taking applications. Comparison site Gocompare.com has told borrowers applying for Help to buy mortgages to shop around, get expert advice and go into any mortgage with […]

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Are you losing out on your pension tax relief? Check now

2 October 2013

Pensions And SIPPs Retirement Planning

Thousands of higher rate taxpayers paying into workplace pension schemes are collectively losing more than £229m a year in tax relief. Research from insurer Prudential found that more than a quarter of people with defined contribution pension schemes are failing to claim the full 40% tax relief they are entitled to. This equates to an […]

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