Retirement: 600,000 people set to raid their pensions, 7 reasons why they should be careful

600,000 people set to raid their pensions, 7 reasons why they should be carefulThe Government has revealed it expects 130,000 each year to take advantage of the new ‘Pension Flexibility’ rules and raid their pension pot. At the same time they also have shown how much the Government’s coffers will also benefit. According to new figures the new measures will raise £4 billion in additional tax receipts over the next five years. The new rules have been broadly welcomed by most people. But if you are one of the 600,000 people planning ...

State Pension: More than 50% of people unaware of State Pension changes

iStock_000003696929SmallNew research has shown that staggeringly over 50% of the UK population is unaware of changes to the State Pension and more importantly how it will affect them. Even more worryingly, the survey conducted by Met Life, found that 32% of 55 to 64 year olds, the next generation to retire, did not know the State Pension is about to change. State Pension confusion...

‘In the Spotlight’: Andy Bell on SIPPs and the future of retirement planning

Spotlight AJ BellIt is often said that the only constant in pensions is change. So far in 2014 we’ve seen more than our fair share and we’re still only half way through the year. So, who better to talk us through it all than Andy Bell, founder of AJ Bell, one of the UK’s largest SIPP operators with around 100,000 customers and just over £20 billion of funds under administration. Our Marketing Manager, Phillip Bray, posed the questions. Phillip Bray: You have a proposition for advisers as well as DIY investors, which has been ...

Annuities: Which way now for Annuity rates? We ask the experts

Crumpled question marks heapUnless the Government does the mother of all U-turns, people over 55 will get unprecedented access to their pensions from next April. The proposed changes have lead many people to suggest that Annuities are effectively dead. Frankly, we think that’s rubbish and potentially dangerous. For people who want a simple solution, with no investment risk or need for ongoing management and a relatively attractive return, an Annuity is likely to be the right option....