Do you have unrealistic retirement expectations?

Performance evaluation paper with smileysPredicting your income in retirement is tricky at the best of times, even with the help of a financial adviser it can be fraught with difficulties. The results of research conducted by Consumer Intelligence on behalf of Investec Wealth & Investment are therefore hardly surprising. Unrealistic retirement expectations The study found that higher earners, with incomes of over £50,000, expect their private pension to provide an income in retirement equivalent to 44% of their pre-retirement salary. However, the research also showed that this expectation is unrealistic with the actual income ...

Housing & Mortgage Round Up: Mortgage rates at lowest level for over two decades

Housing & mortgage round up_istockphotoA week without house price surveys, but we’ve still found plenty to report for those people who need their weekly fixed of housing and mortgage news. This week we look at low mortgage rates, a new entrant to the mortgage market and calls for the government to do more to address the shortfall in affordable housing. Mortgage rates at lowest level for two decades New data from Moneyfacts has shown that mortgage interest rates are ...

SIPP deposit accounts: New entries, climbers and fallers November 2012

Any hope that the recent falls in interest rates on SIPP deposit accounts were coming to an end in October, have been well and truly dashed in November, with rate cuts and product withdrawals continuing apace. The main reason behind the continuing rate cuts appears to still be the Funding for Lending Scheme (FLS), which is offering a cheaper source of finance to banks and building societies; although we are seeing more institutions confirm that their own funding position is strong, meaning they require less money from depositors. New entrie...

SIPPs: Cash deposit for SIPPs rates slashed again

Banks and building societies have again this week taken an axe to fixed rate cash deposit interest rates that can be accessed by SIPPs (Self Invested Personal Pension) investors. SIPP deposit rates slashed Scottish Widows Bank have slashed their three year Pension Deposit Account from 3% to just 2% for annual interest, or 1.98% if you take interest monthly, and now only have this one fixed rate available for pension savers. Investec, who has continually offered attractive rates during 2012, has cut current interest rates by up to 1% on all their fixed rate products, with their long term, five year fixed rate, ...