Annuities: Buying an Annuity soon? 7 mistakes to avoid

iStock_000012131139XSmallEvery day we deal with new enquiries from people approaching retirement and wanting to take an income from their pension. We’ve got a huge amount of experience helping people arrange their Annuity purchase, as well as advising them on other retirement options, and we are seeing the same mistakes being made time after time. We thought we’d put together a quick guide, showing you the seven most common mistakes people make when buying an Annuity and how to avoid them. 1.    Not shopping around ...

Retirement: Income Drawdown falls in popularity

The popularity of Income Drawdown, one of the ways in which retirees can withdraw money from their pension, has fallen back significantly over the past year. Income Drawdown allows retirees to take money directly from their pension fund, whilst leaving the capital invested and has previously been popular amongst people who do not want to use their pension to buy an Annuity. Retiring soon? Our advisers can help you make the right decision...

Which Is Better: Saving or Investing?

Which Is Better: Saving or Investing?We all know that we should be saving for a rainy day, but what are the benefits of investing over simply saving? Do you know when the best time to start investing is or what's a good investment opportunity? Here is a look at whether it's a good idea to stop just saving and start to invest some of your money. The wide array of financial products available can be confusing, so it's best to do some research and seek advice ...

SIPPs: Avoid the mistake 45% of SIPP owners are making

New research from Investec Wealth & Investment has highlighted that many SIPP (Self Invested Personal Pensions) investors are failing to use the full functionality available to them. Amongst other things the research showed: Only 37% of SIPP investors said they had enough time to devote to the running of their SIPP Only 45% of DIY investors understood the charging structure of their SIPP provider 15% of DIY SIPP investors said they were likely to appoint an adviser within the next year Initially appealing Need ...