Beat the scammer: 10 pension tips as pension scams take centre stage again

Pension scams are once again making headlines. New statistics from the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) show the average amount a pension scam victim loses is £91,000. With a third of pension holders aged between 45 and 65 not knowing how to verify a claim of contact from someone saying they are a legitimate pensions adviser or provider, it’s time to raise awareness. Following these ten pension tips to avoid scammers, can help you protect your life’s savings. 1. Verify who you’re speaking to Many pension ...

Young adults and pensions: Five reasons to engage early

Auto-enrolment in a Workplace Pension for the majority of UK employees has sought to engage more people on the topic of pensions. However, research from State Street has indicated that while more young workers are aware of pensions, they’re pessimistic about their retirement prospects. Luckily, engaging early and taking an interest in investing for the future can put you in a better position. Even though retirement age may still seem far away, taking steps to build a pension now means your retirement years are far more likely to live up to ...

The tax advantages of holding a commercial property in a SIPP

Investing in commercial property might not be the first thing that springs to mind when you think about your pension. However, with a Self-Invested Personal Pension, or SIPP, you can do just that. Furthermore, investing in commercial property through a SIPP can allow you to benefit from a range of advantages. What is a SIPP? A SIPP is a type of pension which is available to anyone. They are popular among business owners and the self-employed, as they offer a range of advantages and allow the investor to control how the money ...

Will you be able to climb the ‘pension mountain’?

How do you feel about climbing mountains? What if the mountain in question is hypothetical and merely represents the amount of money you need to save to have a comfortable retirement? It might still sound daunting to some but saving enough doesn’t have to be an uphill struggle. Figures from Royal London show that since 2002, the amount needed to support a comfortable retirement has grown from £150,000 to £260,000. Further still, today’s young adults are likely to need to have saved almost £200,000 more than that, especially if ...