Latest - RETIREMENT PLANNING

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  Election result: Calls for Boris to make good on pensions ‘promises’

  13 December 2019

  As prime minister Boris Johnson secured a victory for the Conservative Party, experts turned their attention to his pension policies, urging the party to now deliver on “long awaited promises.”  While the focus will undoubtedly be on Brexit over the coming weeks, Aegon’s pension director Steven Cameron said Johnson must look beyond the country’s...

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  What else might the Government do in the next five years? 

  13 December 2019

  Boris Johnson has won a strong mandate to get on with his Brexit deal, sending sterling shooting higher. But what else will his government do in the next five years? Rathbones’ head of Asset Allocation Research Ed Smith considers the implications of General Election result for minimum wages, public spending and finances, Brexit, the economy and...

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  Over 50s contribution to UK economy expected to grow

  10 December 2019

  The UK’s ageing population could add up to £47 billion to UK GDP a year by 2040, a report by the International Longevity Centre has revealed. According to its latest research, older people will be spending 63p in every pound spent in the UK economy by 2040, rising from 54p in 2018. Households headed...

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  Transfer values drop off in run up to General Election

  9 December 2019

  XPS Transfer Watch charts fall in transfers and values in November and flags potential fall in values for RPI-based pensions as RPI converts to CPIH.  XPS Pensions Group reports that defined benefit (DB) transfer values dropped slightly during November, as did the number of members taking a transfer value, according to XPS Transfer Watch....

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  Assessing pensions in social care funding – key pointers and calculations

  3 December 2019

  Bethany Joslyn, technical consultant at AJ Bell, looks at what has become a complex set of rules and a vital area of financial planning Helping clients fund their future care needs is an important part of financial planning. Social care isn’t free, and whilst individuals can ask their local authority for help meeting the...

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  DWP State Pension figures emphasise need for private provision

  26 November 2019

  Over half a million pensioners are not receiving the full state pension, according to new figures from the Department for Work & Pensions.  The data shows that of the 1.1 million who receive the new state pension, only 44%, or nearly 500,000 people, receive the full amount. Around the same number receive at least...

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  Advice firms should do more to help female clients save for retirement

  26 November 2019

  Advice firms should do more to help female clients save for retirement, as research from Aegon shows more than a third of women have no idea how much they have saved in pensions, double the number of men. According to the figures, 34% of women don’t know their pension savings, compared to 16% of...

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  Tory Party manifesto – financial services considerations

  25 November 2019

  The weekend saw the Conservative Party publish its manifesto. Industry commentators highlighted policies which affect financial services. Conservative Prime Minister Boris Johnson has promised to build a strong economy, in which everyone contributes their “fair share” as he launches the party’s 2019 election manifesto. In its 59-page manifesto, the Conservatives have vowed to back...

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