Retirement: 20% of people worried saving for retirement has been a waste of time

Broken Piggy Bank (on white)A shocking new report has shown an alarming number of people believe planning for retirement has been a waste of time. The report, by pension provider Met Life, has revealed just how disappointed many people are with their pensions. The research, which was conducted on 1,947 adults in the UK, found that nearly 20% of people who have saved for retirement, are unhappy or fear they have wasted their money. This included 12% of ...

Retirement: What happens to your pension when you die?

iStock_000008144528XSmallOne of the reasons people often decide not to pay into a pension, is the thought of losing it all when they die. Indeed, this very question was raised on one of our articles only last week: “Hi, if I buy a commercial property with my SIPP, who will own the property when I die? I was informed that it would then be transferred to the pension company!!!!! I’m sure that can’t be right, however, I would like to know the best ...

Retirement: Considering Flexible Drawdown? Three things to do before the end of the tax year

Considering Flexible Drawdown Three things to do before the end of the tax yearIntroduced a couple of years ago, Flexible Drawdown has given an additional option to would-be retirees, who want to convert their pension pot into an income. Essentially, Flexible Drawdown was designed to allow those people who qualify, greater access to their pension fund; in fact, unlike other options, it allows unlimited access. Flexible Drawdown rules Flexible Drawdown works in a very similar way ...

Annuities: Buying an Annuity soon? 7 mistakes to avoid

iStock_000012131139XSmallEvery day we deal with new enquiries from people approaching retirement and wanting to take an income from their pension. We’ve got a huge amount of experience helping people arrange their Annuity purchase, as well as advising them on other retirement options, and we are seeing the same mistakes being made time after time. We thought we’d put together a quick guide, showing you the seven most common mistakes people make when buying an Annuity and how to avoid them. 1.    Not shopping around ...