Retirement: Thinking of raiding your pension pot? 10 things you need to know

Thinking of raiding your pension pot 10 things you need to know 150pxNew figures from the Financial Conduct Authority (FCA), show that in the three months to September 2015, over 120,000 ‘cashed in’ their pension pot and withdrew every penny they had. For some people this will have been the right thing to do, for others though, it may well have been a mistake, which could leave them unable to make ends meet in years to come. So, if you are thinking of ‘cashing in’ your pension, what are the key things ...

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 ...

Pensions: 5 scams & bad advice that can seriously damage your retirement

We’ve been shocked by some of the pension scams and examples of bad advice we have seen so far this year. For most people a pension, whether it is a workplace scheme, a Personal Pension or indeed a SIPP (Self Invested Personal Pension) will provide part of their income in retirement. However, we are seeing more and more examples of scams and bad advice that could seriously damage your wealth in retirement. We’ve put together a quick checklist of the worst five we have seen and how to avoid them....

Retirement: How to buy an Annuity

We regularly write articles about Annuities, often looking at topics such as why Annuity rates have fallen, the options  available to you, the importance of using the Open Market Option, and Annuity alternatives. However, we thought we would go back to basics with this article and look at the stages involved in buying an Annuity and what an Independent Financial Adviser (IFA) does when arranging an Annuity on your behalf. So what should an IFA do when arranging your Annuity? Stage 1: Understand your requirements Successfully buying an Annuity isn't simply about finding the best rate, although that is clearly important....