Retirement: Still working? 5 lessons we can learn from Channel 4’s Dispatches programme

iStock_000008144528XSmallEarlier this week Channel 4’s Dispatches program looked into retirement and asked: “What’s your pension really worth?” The program featured many of the great and the good from the pensions industry as well as a a brief interview with Steve Webb, the Pensions Minister. It focused on four main areas: The program focused on four areas: How much you need to pay into your pension Annuities and the options available at retirement The perils of ‘pension liberation’ Is property a better option than a ...

Interest rates on hold and no additional Quantitative Easing

The Bank of England’s Monetary Policy Committee (MPC) has voted to leave interest rates on hold at 0.5%. Some analysts had suggested that the MPC may decide to reduce rates even further, but such a move did not materialise. The MPC also resisted the temptation to extend the program of Quantitative Easing (QE), which now stands at £375 billion, having been extended by £50 billion last month. Further QE had been predicted by some on the back of poor GDP numbers which has seen the UK economy move deeper into recession. Winners The winners from today’s announcement include homeowners who have Tracker mortgages where the ...

Retirement: EU Gender directive will not apply to Occupational Pension Schemes

In a move that could have far reaching implications for the Annuity market the government have confirmed that the EU Gender Directive will not apply to Annuities bought from the proceeds of Money Purchase Occupational Pension Schemes. EU Gender Directive Our advisers can help you make the right decisions about your Annuity...

Rate of inflation falls sharply

The Office for National Statistics (ONS) has announced that both rates of inflation have fallen dramatically moving closer to the Bank of England’s target rate. Inflation measured by the Consumer Prices Index (CPI) fell to 2.4% in June, compared to 2.8% in May, against a target of 2%. The Retail Prices Index (RPI) also fell, from 3.1% to 2.8% over the same period. Prices are now rising slower than at any point since late 2009, and it is the third month in a row that the rate of inflation has slowed, mirroring Bank of England expectations. The news will come as a ...