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Investment market update: December 2019
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Category: Retirement

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...

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4 things to consider when managing pension investments in retirement

10.09.2019

Since 2015, retirees have had far more control over their pensions. Rather than purchasing an Annuity, more are choosing to leave their pension invested. This has benefits and can help you build a flexible income, but there are things to keep in mind too. Figures from HM Revenue and Customs (HMRC) revealed that in the second quarter of 2019, retirees withdrew £2.75 billion from their pension flexibly. It represents the greatest amount withdrawn...

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What to do if you think you’ll never retire

10.09.2019

More people are paying into a pension than ever before. Yet, millions are still worried they’ll never be able to retire. If you have concerns about the retirement lifestyle you will be able to afford, there are often steps you can take to improve this. First, the good news: the number of people saving enough for retirement has hit its highest ever level, according to Scottish Widows. Almost three in five Brits are deemed to be putting enough...

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5 questions to ask when you’re planning for retirement

31.07.2019

Planning your retirement can be a challenge. There are multiple areas to think about and you may not have a clear idea of what you want it to look like. However, whilst putting off planning until the retirement date arrives might seem attractive, it can mean missing out. Taking a proactive approach in the run-up to retirement can provide focus. If you’re at a loss about where to start with retirement planning, bringing the spotlight back to you...

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Using your home to fund retirement

13.05.2019

When planning for retirement, it often means bringing together different income streams to suit you; rarely is your retirement income just from your pension. You might also be considering how to use your savings and investments, for example. One way to boost income in retirement that’s growing in popularity is through using property. It’s easy to see why; property prices have increased significantly over the last few decades. For many...

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Your guide to purchasing an Annuity

16.04.2019

Are you thinking about purchasing an Annuity to fund your retirement lifestyle? It’s crucial to understand the product and shop around for the best deal as research suggests that many retirees could secure a better income. An Annuity is a way of creating a guaranteed income throughout retirement if you have a Defined Contribution (DC) pension. Should you decide it’s the right option, the money accumulated in your pension is used to purchase an...

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Planning for your golden years: New experiences top priorities

16.04.2019

In the past, retirement may have been associated with slowing down and taking it easy. But that's no longer the case. Thousands of retirees are looking forward to giving up work to enjoy an exciting pace of life and gain new experiences. With more freedom and choice than ever before, it's becoming more important to plan carefully for the retirement you want. When Pension Freedoms were introduced in 2015, those approaching retirement age were given...

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Why are more retirees using Equity Release?

15.03.2019

Some retirees are finding themselves asset rich but cash poor, impacting the lifestyle achieved. It’s a trend that’s led to an increasing number of people using Equity Release products to unlock wealth currently locked away in property. If you’re looking for ways to boost your retirement income, Equity Release could be an option that helps improve your overall lifestyle and financial security. Equity Release is the term for a range of...

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Retirees have care preferences, but only a fifth plan financially

15.03.2019

The care we may need later in life isn’t something we often think about. But when prompted, most of those over the age of 55 have a clear idea about their preferences. Yet, a lack of financial planning could mean that those preferences aren’t possible. Research conducted by Key unsurprisingly found that the majority (77%) of over-55s would prefer to receive care in their own home, either in their current home (57%) or in one deemed more...

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