Considering transferring your final salary pension? Watch for this hidden danger

Considering transferring your final salary pension? Watch for this hidden dangerFinal salary pensions have been big news over the past few months. The personal finance press has been awash with articles suggesting members should consider transferring their final salary pension. At the same time, unfortunate members of the BHS and Bernard Matthews pension schemes, will be worried about how their retirement is to be affected by recent events. We regularly advise member of final salary pensions and are becoming increasingly concerned about a potential pitfall we have rarely seen highlighted in the ...

Pensions: 6 reasons why transferring your Final Salary pension is probably a mistake

6 reasons why transferring your Final Salary pension is probably a mistakeIf you are a member of a Final Salary pension scheme you have probably been the envy of your friends for the past few years. Whilst you have the knowledge that your pension is guaranteed, and will probably rise each year in line with inflation, they have had to put up with volatile stock markets and plummeting Annuity rates. But this year the tables have turned, ‘Pensions Freedom’ will give everyone greater access to their pension pot; except of course those ...

Retirement: Buy to let or a pension, which is best?

InterrogationsBuy to let investing has boomed over the past few years, indeed research from Knight Frank shows that more than 10 million people now live in private rented accommodation. At the same time the pensions landscape has changed; returns are lower, many ‘gold plated’ Final Salary pensions have closed and the State Pension age is rising. So, as more people look to improve their retirement incomes, how does buy to let investing stack up against a pension? What at the ...

Our brush with a pension liberator and 7 tips for dealing with them

Scam Computer Keys Showing Swindles And FraudThe word ‘liberation’ is generally thought of as positive; indeed one online dictionary defines it as “the act of setting someone free from imprisonment, slavery, or oppression.” However, put the word ‘pension’ before it and the meaning changes completely. The pattern is all too familiar. It often starts with an unsolicited text followed by a phone call from the ‘pension liberator’, when they will try to persuade unsuspecting consumers to transfer their existing pensions into a new plan, often with the promise of a ...