Retirement: Pensions Freedom – 6 mistakes to avoid

Pensions Freedom: 6 mistakes to avoidThe introduction of ‘Pensions Freedom’ means 2014 goes down as the year pensions were changed forever. The changes will certainly give you more flexibility when it comes to accessing your pension pot. But despite how the changes are being portrayed by some people, there are serious dangers and pitfalls you need to be aware of. Here are our top six Pensions Freedoms mistakes to avoid: Mistake #1: Guidance isn’t the same as Advice The Government has announced that from April 2015 everyone approaching retirement will be given ‘Guidance’ on ...

SIPPs: FSA warns on overseas property investments

FSA warns on overseas property investmentsThe FSA has issued two warnings to advisers and investors highlighting the dangers of overseas property and wider unregulated investments. In a separate alert to financial advisers the regulator also took the unusual step of naming one particular unregulated investment scheme. SIPPs and unregulated investments In the first warning the FSA highlighted their concerns over some financial advisers recommending SIPPs (Self Invested Personal Pensions) to investors who then planned to buy unregulated investments ...

Autumn Statement 2012: How will it affect your pension?

How will it affect your pension?As the dust settles on George Osborne’s Autumn Statement and the headlines give way to analysis of the detail, we thought we’d take a look at how your pension will be affected by the various announcements. The Autumn Statement contained three key changes regarding pensions; in our opinion were two negative and one positive. Let’s look at each one individually. Negative change #1: Lower Annual Allowance The Annual Allowance is the amount you can pay into your pension each year, whilst claiming tax relief ...

Retirement: DWP outlaw final salary pension ‘bribes’

A new code of conduct introduced by the Department for Work and Pensions (DWP) will stop employers offering members of Final Salary pensions cash incentives to leave the scheme. Transfers from Final Salary pensions Over the past few years an increasing numbers of employers have been offering members of Final Salary pensions, also known as Defined Benefit pensions, financial incentives to leave the scheme, thereby reducing an employer’s long term liabilities. Retiring soon? Our advisers can help you make the right ...