Retirement: Are you “sleepwalking” into retirement?

Are you sleepwalking into retirement_iStockPhotoA new survey has highlighted just how many people in their 50’s are failing to plan for their retirement. The joint report, by the National Association of Pension Funds (NAPF) and the Institute for Fiscal Studies (IFS) found that a staggering 60% of people, who are still in work, have not yet thought about how long they will be retired for or how they will finance this period of their life....

State Pensions: Flat rate moves close but retirement date moves further away

Yesterday’s Queen’s Speech bought a flat rate State Pension a step closer whilst outlining measures to push back the age at which it will be paid. Flat rate State Pension A flat rate State Pension was trailed by the Chancellor George Osborne in his last budget, but it now appears that the government will bring forward legislation to make it a reality. Our advisers can help you make the right decision...

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...

Annuities: New code of conduct launched by the ABI

Annuities: New code of conduct launched by ABIThe Association of British Insurers (ABI) has announced a new code of conduct which its members must adopt by March 2013. Retirement experts have been concerned for some time about the way in which Annuities are sold and particularly by the relatively low numbers of retirees who are shopping around for the best Annuity rate. A recent report by the National Association of Pension Funds (NAPF) described the current system as “unfair and opaque”. The NAPF report stated that ...