New report points to a bleak retirement for many

Retirement savingsThe latest Aviva Real Retirement Report has painted a stark picture of the financial hardship many people will face in retirement. The report splits the over 55’s into three groups:   Pre retirees, aged 55 to 64 Retiring, aged 65 to 74 Long term retired, aged 75 and older The plight of older generations has been well documented over the past few years. Rising inflation, all time low interest rates on savings accounts, stock market volatility, and plummeting gilt and Annuity rates have combined to ...

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 ...

Retirement: Income Drawdown falls in popularity

The popularity of Income Drawdown, one of the ways in which retirees can withdraw money from their pension, has fallen back significantly over the past year. Income Drawdown allows retirees to take money directly from their pension fund, whilst leaving the capital invested and has previously been popular amongst people who do not want to use their pension to buy an Annuity. Retiring soon? Our advisers can help you make the right decision...

Which Is Better: Saving or Investing?

Which Is Better: Saving or Investing?We all know that we should be saving for a rainy day, but what are the benefits of investing over simply saving? Do you know when the best time to start investing is or what's a good investment opportunity? Here is a look at whether it's a good idea to stop just saving and start to invest some of your money. The wide array of financial products available can be confusing, so it's best to do some research and seek advice ...