Retirement: Workplace pensions better than Lifetime ISAs

Walking direction on asphaltHow should you save for your retirement? An influential Government minister believes that workplace pensions are a better option than the new Lifetime ISA, and we agree! Lifetime ISAs were announced in the Budget earlier this year and will be available from April 2017 to anyone under the age of 40. Savings will attract a Government ‘bonus’ of £1 for every £4 saved and the money accumulated can be used to help meet the cost the deposit for first time buyers or retirement. When money is withdrawn, providing it is ...

Don’t get seduced by LISA

closeup of woman's finger in mousetrapThe financial press has been awash with articles about the mysterious ‘LISA’ ever since George Osborne delivered his Budget a couple of weeks ago. There are however mounting fears though that ‘LISA’, otherwise known as the significantly less catchy Lifetime Individual Savings Account, could seduce some people, only to leave them worse off in retirement. Who, or what, is LISA? LISA or the Lifetime ISA, is the brainchild of George Osborne and will allow anyone aged 40 or under to save for a deposit on their first home ...

Automatic Enrolment: 6 facts you probably don’t know

Automaatic Enrolment: 6 facts you probably don't knowEven if it hasn’t affected you yet, you have probably heard about Automatic Enrolment by now. Automatic Enrolment started with larger employers in October 2012 and the adverts, with workers shouting “we’re all in”, have been hard to avoid. But you probably don’t know how Automatic Enrolment is revolutionising workplace pensions and how it is helping huge numbers of people plan for their retirement. The Office for National Statistics has recently revealed six facts which illustrate how successful Automatic Enrolment has been and why you ...

Guest Blog: 6 Things You Should Know About The HR Side of Pension Auto-Enrolment

Guest Blog - Liz StramaIn her first Guest Blog for Investment Sense, Liz Strama, owner of HR Protected, looks at some of the HR issues Auto Enrolment throws up and which employers might have overlooked. The process of pension Auto Enrolment is very specific, as an employer you have to follow the rules and make sure everything is in place by your staging deadline. Your pension adviser/provider will help you with putting the pension policy in place, but how do you deal with the internal HR side in your business? Many employers get so ...