Pensions: The press, the myths and the reality

iStock_000016454287_ExtraSmallOne of the joys of the internet and social media is that it allows people to exchange their views more freely. However, this new found freedom can allow misinformation and urban myths to be treated as fact; nowhere more so than when pensions are being discussed. We thought we’d have a bit of fun, by analysing some of the comments posted in response to online articles, in various national newspapers. “With Annuity rates around 5% what incentive is there for people to pay into ...

Pensions: Nearly 50% of self-employed people have no pension

In the week that auto enrolment started for employees, a new survey has shown just how poor pension provision is amongst the self-employed. New research from Prudential has found that 46% of the self-employed, equivalent to 1.3 million people, have no private pension provision. The self-employed have traditionally had to make their own provision for retirement, having no access to occupational pensions or indeed the new system of auto enrolment; however the lack of provision amongst this group will come as a shock to many....

Pensions: Auto enrolment starts, but it won’t be enough warns minister

Possibly the biggest change to the pension provision of millions started this week, although at least one government minister warned, that the auto enrolment scheme alone, will not be sufficient to maintain most people’s current standard of living in retirement. Auto enrolment starts Our advisers can help you make the right decision...