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 ...

Retirement: When the right answer is to do nothing at all

iStock_000029045488XSmallIf you’re close to your anticipated retirement date or State Pension Age (SPA), your thoughts will be dominated by how to turn your pension pot into an income. Questions such as, is Annuity or Income Drawdown right for me? Would another option be better? How can I get the best Annuity rate will rightly dominate your thoughts. But, there is one option which is all too often overlooked: Deferral....

Retirement: Most over 45’s expect to retire with assets of £500,000

iStock_000002551071XSmallA new survey has shown the majority of over 45s expect to have accumulated assets worth £490,990 when they retire. The survey by Partnership, a provider of Enhanced Annuities, of 2,000 people aged between 45 and 65, found a wide gap between the assets people expect to have built up by retirement and the likely reality. Property to fund retirement? The results of the survey show that 89% of people believe property will make up less than 50% of their assets ...

Automatic Enrolment: Government to consider a cap on charges

iStock_000016457256_ExtraSmallIn a bid to improve the pensions of millions, the Government is set to consult on whether the charges paid by employees, who are automatically enrolled into a pension over the next few years, should be capped. Between 2012 and 2017 all employees over the age of 22 and earning above £9,440 per year, who are not already in a suitable workplace pension, will be automatically enrolled into a pension. Contributions will be made by both the employer and the employee and ...