Automatic Enrolment: Government to consider a cap on charges

iStock_000016457256_ExtraSmallIn a bid to improve the pensions of millions, the Government is set to consult on whether the charges paid by employees, who are automatically enrolled into a pension over the next few years, should be capped. Between 2012 and 2017 all employees over the age of 22 and earning above £9,440 per year, who are not already in a suitable workplace pension, will be automatically enrolled into a pension. Contributions will be made by both the employer and the employee and ...

SIPPs: Are SIPP cash investors treated as second class savers?

First ClassDespite interest rates remaining stubbornly low, many SIPP investors still like to hold significant amounts of cash on deposit. We are regularly asked why rates on SIPP deposit accounts are lower than for personal savers. We thought we’d look into this in more detail and ask “are SIPP cash investors second class savers, or is this a myth?” Mandated SIPP bank accounts The first problem SIPP investors have to solve is how to get the best possible interest rate from any short term cash ...

Retirement: Worrying rise in people using property to pay for retirement

Tiny Houses 2New research has shown the extent to which thousands of people are relying on their home to help fund their retirement. The UK has always had a fascination with property and according to new research from LV=, the insurer formerly known as Liverpool Victoria, it will play a huge part in funding the retirement of half the population retiring over the next few years....