Product review: The Partnership Enhanced Choice Annuity – Income now, but flexibility for the future, how does it shape up?

PartnershipUnless we see a dramatic U-turn, pensioners will soon have unprecedented access to their pension. But that has led to a dilemma for anyone retiring before April 2015; how can you create an income now, whilst leaving your options open next year? There are already a few alternatives: Income Drawdown A one-year Fixed Term Annuity A Self-Invested Personal Pension (SIPP) investing in a deposit account Now there is another option, Partnership’s Enhanced Choice Annuity. So how does it work? Is it a viable alternative? Does it get the thumbs up from us?...

Retirement: Is a One-year Fixed Term Annuity right for you?

UnlesInterrogationss the Government has a dramatic U-turn anyone over 55 will have greater access to their pension pot from April next year.   That’s fine for anyone retiring after April 2015. But there are thousands of people who want to retire before then, perhaps accessing their tax-free lump sum and deferring turning the rest of the pot into an income, until the new rules are finalised and new products launched. Retiring soon? Our ...

Retirement: Thousands of people not comfortable managing their own pension

iStock_000024336538_ExtraSmallFollowing the recent Budget, which proposed that millions of would-be pensioners will have unprecedented access to their pension, new research has shown that thousands of people are not comfortable with managing the risks this will involve. The survey from MGM Advantage, who provides a range of retirement income solutions, conducted after the Budget, revealed: 28% of over 55’s said they were not comfortable taking on the risk of managing their pension so that it provided a suitable income throughout their retirement In contrast ...

6 top tips for the end of the tax-year

clouds in shape of figureThe end of the tax-year is a great time to be thinking about your finances. Our advisers can help you make the right decisions Investment Sense team 150 px Contact our team of advisers today: 0115 933 ...