Latest - RETIREMENT PLANNING

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  Annual allowance – time to rework the excess contributions refund rules?

  21 October 2019

  Given the massive issues that are being caused by the annual allowance, if the limit stays the same then HMRC needs to rework the refund rules, suggests Gareth James, head of technical at AJ Bell HMRC released statistics at the end of September showing an incredible jump in the number of savers who had...

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  Lack of joined-up thinking on pensions allowances spotlighted

  17 October 2019

  The new triple lock figure serves to illustrate a lack of joined-up thinking on pensions allowances, according to industry commentators. UK inflation grew by 1.7% in September, meaning pensioners are now set to receive a 4% increase in their state pension from next April, matching the rise in average earnings, as a result of...

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  Comment: Retirement planning – far more than number crunching

  17 October 2019

  How does our identity change when we retire? And what does this mean for paraplanners putting together a financial plan? Jacqueline Lockie, head of Financial Planning, CISI, considers some recent research. First published in the October issue of Professional Paraplanner You may have seen the recent research publicised on BBC news channel on 20...

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  Pension data, pension protection and social care, key points from the Queen’s Speech

  14 October 2019

  Pension schemes will be compelled to provide data to pensions dashboards and new laws will protect individual’s pensions savings, while action around social care was promised as part of the new Pension Schemes Bill announced in the Queen’s Speech.  Addressing the House of Lords, Queen Elizabeth said: “To help people plan for the future...

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  Age 90 ‘not out’ has huge impact on retirement planning

  2 October 2019

  As official figures show the number of people who reach their ninetieth birthday continues to grow, experts have warned that the government urgently need to deal with current retirement provision. According to the latest data published by the Office for National Statistics, the number of people aged 90 and over in the UK has risen...

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  £3 billion donated to charity via gifts in wills

  2 October 2019

  Cancer Research UK, the British Heart Foundation and the RNLI are among the top charities people in the UK are leaving ‘legacy income’ to in their wills, according to the organisation Remember A Charity, with a total, £3 billion donated to charity via gifts in wills in 2018. Animal charities are also well represented,...

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  State Pension could increase by 4% if earnings growth sustained

  1 October 2019

  Pensioners are on track to receive a 4% increase in their ‘triple-lock’ pension payments from April 2020 if earnings growth remains at the same level as in July 2019. Aegon has calculated that based on July’s earnings growth figures, people who reached state pension age on or after 6 April 2016 and are receiving...

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  Professional advice welcomed to help plan for care costs

  30 September 2019

  The majority of over-45s would welcome a referral to an adviser to help them make financial plans to meet the rising cost of care for themselves or family, new research from Just Group found. According to Just Group’s Care Report 2019, 37% of those surveyed said they would be grateful for a referral and...

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