Retirement: Fall in GAD rate hits Income Drawdown investors

Falling profitsPensioners who have chosen to use Income Drawdown to turn their pension pot into an income, could be hit by a fall in the GAD rate and consequently see their incomes cut. Falling gilt yields mean that the GAD rate will be cut in March from 3.25% to 3%. Our advisers can help you make the right decision...

SIPPs: Hopes and fears for 2014

Our financial wish list  6 things we’d like to see change in 2014 150px2014 will be a big year for the self-invested pension industry; the Financial Conduct Authority (FCA) is due to release its final proposals for capital adequacy requirements for SIPP (Self-Invested Personal Pension) providers, further consolidation is expected, whilst the spectre of poorly performing unregulated investments continues to cast a cloud over certain providers. We’ve asked leading figures for their hopes and fears for 2014. What are the key issues? ...

Pensions: Should the rules be changed to allow early access?

iStock_000017861768XSmallMost of us know we are not paying enough into our pensions, a fact confirmed by two recent reports. Firstly, annuity provider, Partnership, showed the average drop between pre and post retirement income is 40%, whilst figures from Aviva showed that 20% of people are not paying into any form of pension. There are many reasons why most of us are not putting enough money aside for retirement by paying into a pension; cost, apathy, and mistrust are three. Lack of ...

Retirement: Over 6 million people to receive less than the minimum wage in retirement

A new report has shown that 6.25 million people, aged over 50, will retire with the State Pension as their only form of income. The State of Retirement report from pension provider LV= (Liverpool Victoria) clearly demonstrates the lack of provision many people have made for their retirement. Below the minimum wage Our advisers can help you make the right decision...