Latest - RETIREMENT PLANNING

• 

  Life expectancy plateau has planning implications

  25 September 2018

  Life expectancy has stalled for the first time on record, the latest government statistics have shown, with potential implications for financial planning and government changes to the State Pension Age.  Data from the Office for National Statistics shows that females born between 2015 and 2017 have an average life expectancy of 82.9 years old, while male life...

  READ ARTICLE
• 

  Policy paper aims to improving pension scheme information provided to adviser firms

  20 September 2018

  Mutual insurer Royal London and pension lawyers Eversheds Sutherland have produced a defined benefit transfer policy paper aimed at helping pension scheme trustees improve upon the information they provide to adviser firms. The paper explores whether trustees should be offering transfer values as part of routine communications, regardless of whether members have requested it,...

  READ ARTICLE
• 

  More realistic approach crucial for retirees

  17 September 2018

  New research from VitalityInvest has found that many Brits are looking forward to their retirement years, with nearly half (47%) planning to go travelling.  Spending time with family and friends (35%) and taking time to finally relax and chill out (34%) also ranked highly among respondents. Despite this, as many as 44% of UK...

  READ ARTICLE
• 

  4 ways to fall back in love with LISA

  10 September 2018

  With pension tax relief up for review in Philip Hammond’s Autumn Statement, Charlene Young, technical resources consultant at AJ Bell, looks at how the much-maligned Lifetime ISA (LISA) could be used to top up retirement savings or meet investment objectives for younger clients and their family members. There are four main scenarios where it...

  READ ARTICLE

• Engagement and education key to good retirement outcomes

  10 September 2018

  Wealth management group Quilter has called for the government to focus on engagement and education in addition to transparency in its latest inquiry into pension costs and transparency. In response to the Treasury Committee’s inquiry, Quilter said the best way for people to achieve value for money is through face-to-face financial advice, with its own...

  READ ARTICLE
• 

  Millennials want ‘confusing’ pensions explained in the workplace

  9 September 2018

  Millennials would like to see their employer offer more support around pensions, with nearly a quarter admitting to finding pension rules confusing, according to new research from Prudential.  Prudential’s study found nearly seven out of 10 (69%) of under-35s are saving into a pension either through work or in a personal scheme, but over...

  READ ARTICLE
• 

  What makes clients feel financially secure?

  5 September 2018

  Pensions advice specialist Portafina has found that having savings is the leading factor behind making clients feel financially secure.  In a survey exploring the financial achievements and life goals that help people’s financial confidence, an overwhelming 72% cited savings. The average amount of savings that those polled said they would need to feel stable...

  READ ARTICLE
• 

  Pension Dashboard will go ahead

  5 September 2018

  In a Commons statement Work and Pensions Secretary Esther McVeyhas said the government will be backing the industry to deliver a Pensions Dashboard.  The statement said the industry-led dashboard would be “facilitated” by government, harnessing “the best of industry innovation” and that Government would ensure “that the interests of pension holders are safeguarded and...

  READ ARTICLE