Retirement: Fall in GAD rate hits Income Drawdown investors

Falling profitsPensioners who have chosen to use Income Drawdown to turn their pension pot into an income, could be hit by a fall in the GAD rate and consequently see their incomes cut. Falling gilt yields mean that the GAD rate will be cut in March from 3.25% to 3%. Our advisers can help you make the right decision...

Retirement: HMRC confirm higher GAD rate for women in Income Drawdown

HMRC has confirmed, that following the introduction in December of new EU rules outlawing gender discrimination in financial products, the maximum amount available to women from Income Drawdown plans, will rise to be in line with that rate available for men. However, HMRC have said that the new rules will be reviewed when they see how Annuity providers react to the Gender Discrimination Directive. Our advisers are here to help you make the right choice...

Income Drawdown: New report shows effect of falling gilt yields

A new report from MGM Advantage, a provider of retirement solutions, has shown just what a devastating effect falling gilt yields are having on the income of many Income Drawdown investors. Falling gilt yields and Income Drawdown Our advisers can help you make the right decisions The Investment Sense team of Independent Financial Advisers in Nottingham Contact our ...

Pensions: Quantitative Easing hits pension funds for £90 billion

The National Association of Pension Funds (NAPF) has released figures which show the Bank of England’s program of Quantitative Easing (QE) has knocked a further £90 billion off the value of final salary pension funds. The Bank of England’s QE program started over three years ago and has been deployed at various times since then to try and help the ailing economy. The QE program now stands at £325 billion having been extended by a further £50 billion last month. Final salary scheme deficit...