Retirement: Annuities to remain a popular as new freedoms get a lukewarm reception

Annuities to remain a popular as new freedoms get a lukewarm receptionDespite the new ‘Pension Freedoms’ and an end the ‘death tax’ on pensions, it appears that many would-be retirees are far from excited about the changes. Research conducted by ICM on behalf of Aviva, has shown that whilst 78% of people over the age of 55, who have yet to retire, are aware of the pension changes, many feel they won’t be affected: 55% of those surveyed said the changes won’t affect them 54% won’t be altering their plans as a result ...

Retirement: Easier access to small pension pots beckons

Stack of golden ingots in bank vaultWhat to do with small pension pots has long been a tricky issue. The example of one pensioner recently featured the Telegraph, who has a pension of just 24 pence per month is perhaps an extreme case, but for many people, a lump sum of a few thousand pounds when they retire, will be more useful than a tiny annual income. Retiring ...

Budget 2014: All you need to know about the changes to your pension

All you need to knowGeorge Osborne stunned pension savers, financial advisers and Annuity providers alike, with his proposals in the Budget, that from April 2015 it would no longer be a requirement to provide an income from a pension and the whole fund could be taken as a lump sum. So what’s changed? How will you be affected? Is it good or bad news if you are close to retirement? We’ve got all the answers. Let’s start with the basics, ...