Mon-Fri 08:00 - 17:30
+1 2738 137923
Recent Posts
14.01.2020
Investment market update: December 2019
14.01.2020
Why financial planning is important when purchasing a home
14.01.2020
Decade of low interest rates: How has it affected your savings?
14.01.2020
DIY money management could cost you in the long run

Category: Pensions

How much do you expect your pension to grow by in the next five years?

22.11.2019

Research suggests that pension savers could be disappointed in investment returns after uncovering differing expectations between individuals and institutional investors. Understanding how much your pension is expected to grow by between now and when you want to access it is essential for planning your financial future. Schroders questioned both institutional investors and individual investors about their expectations over the next five years. It...

read more

6 things to avoid when accessing your pension

22.11.2019

Thousands of retirees access their pension every year. However, it can still involve making many challenging decisions. How should you access your savings? What is a sustainable annual income? What can you do to minimise tax? Understanding the pitfalls to avoid when you first access your pension can help you build a retirement income that suits you. Knowing your decisions have been carefully weighed up can help you enjoy the next...

read more

What is compound interest and how does it affect you?

22.10.2019

Einstein once reportedly referred to compound interest as the ‘eighth wonder of the world’, stating: “He who understands it, earns it, he who doesn’t, pays it”. So, just what is compound interest and when do you benefit from it? Whilst financial jargon can often seem complex, compound interest is actually simple and easy to take advantage of. The term refers to the principle that when you save money you can earn interest on not only your...

read more

7 things to review when looking at your pension

22.10.2019

Research suggests thousands could be missing out on investment returns in their pension because they haven’t updated their retirement age. Remaining engaged with your pension can help you create a retirement income that meets expectations. So, what should you review when looking at your pension? 1. What fund are you invested in? Typically, a Defined Contribution pension will offer several different fund options for you to choose from. When you...

read more

Can you afford to retire before State Pension age?

10.09.2019

When do you want to retire? Are you dreaming of giving up work before you start collecting your State Pension? With news that the State Pension age is rising and suggestions the government needs to raise it quicker, it’s a question more workers may be thinking about. With 15th September marking Pension Awareness Day, now is the perfect time to consider whether your pension contributions are aligned with your plans. The sooner you start planning...

read more

How to make sure your pension lasts a lifetime

06.06.2019

Thousands of retirees are shunning Annuities when they reach retirement age. Instead, they’re taking advantage of the opportunity to access their pension savings flexibly. It can be a fantastic way to match your income and lifestyle, but figures suggest many are withdrawing unsustainable amounts. There are many benefits to taking your pension flexibly. However, you need to keep in mind that you’ll be in control of when withdrawals are made and...

read more

Defined Benefit pensions: Is it appropriate to transfer out?

06.06.2019

Please note: Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people. Do you have a Defined Benefit (DB) pension? If you’ve seen the sums you could receive by transferring out, you might just be tempted. However, it’s not the right choice for everyone and it’s crucial to consider the long-term impact. Receiving a lump sum that’s probably many times the annual value of your pension might seem like...

read more

Could you face a pension shortfall?

13.05.2019

One in three middle-aged Brits is set to retire on the State Pension alone and many more face a shortfall in their pension. It could leave a significant gap between expectations and reality. If you’re not sure what income your pension could deliver in retirement, checking sooner rather than later gives you an opportunity to plug the gap. Based on the spending habits of those that are already retired, Nationwide estimates that those retiring in...

read more

Weighing up the pros and cons of different Pension Freedom options

13.05.2019

Retirees are increasingly concerned about their money running out. With more responsibility placed in the hands of the individual, around how, when and how much income they’ll withdraw from their pension, it’s no surprise. Pension Freedoms were introduced in 2015 with the aim of giving retirees more flexibility in how they used their retirement savings. The changes reflect a shift in retirement. In the past, many retirees followed a fairly...

read more

Pension changes to be aware of for the 2019/20 tax year

16.04.2019

As the start of a new tax year begins, it’s often a time to consider how your financial plan is shaping up and ensuring it’s still relevant for aspirations and goals. You may be thinking about how you’ll use your ISA (Individual Savings Account) allowance this year or how to make the most of investable assets. One key area you should be considering is your pension. As you plan for retirement, there are three important changes to keep in mind...

read more