Monthly Archives: July 2015

New FCA Rule Update May Have UK Pensioners Abroad Paying For Advice Twice

Jul 29, 2015 |

The city watchdog had updated its pension transfer rules following the introduction of pensions freedom and choice on April. Defined Benefit savers living abroad are not included in the new rules. They will have to transfer their assets to qualify effectively, and advice for the latter action may mean paying twice for advice. Intelligent Pensions […more]

Government Ministers Call on High Earners To Move Or Else Lose Large Tax Breaks on Pensions

Jul 28, 2015 |

The Treasury is lobbying for a radical overhaul of pension contribution in the tax relief system. George Osborne had announced a consultation on the tax breaks during the post-election budget. Now, higher-rate taxpayers can save £1 into their pensions for every 60p they contribute. Higher-rate taxpayers, those earning more than £42,386, can save an average […more]

Drawdown Charges Need a Cap According to Consumer Groups

Jul 22, 2015 |

Eager to capitalise on the new rights of pensioners to re-invest their money elsewhere, pension service providers shove up prices against pensioners. According to new research, many pensioners are left bewildered and confused about their fees. After big pension changes came into force, Which? had called for a cap on drawdown charges for the retirees. […more]

Are You Well-Informed On The Three Biggest Changes On Pensions?

Jul 20, 2015 |

Pension-saving rules are changing and the news had made a great big fuss out of it this month. Big changes in the UK budget shouldn’t alarm you so much, right? With the increase of the inheritance tax threshold, buy-to-let mortgage tax relief and the new £5000 exemption from dividend tax not affecting pensioners directly, they […more]

Planning For Some Independent Pensions? Here’s a Great Way To Get Started!

Jul 16, 2015 | | Say something

Retirement planning will always place your pensions up front and centre. If you cannot find the right way to improve your pensions, then it’s going to be a big problem in the later run. It was in 2009 when the world learned how a credit crunch could cause a great financial catastrophe for most people. […more]

What Do Experts Have To Say About Retiring With a Good Pension?

Jul 15, 2015 | | Say something

Everyone who believes in the system and had worked hard to achieve a brighter retirement deserve a very good pension. However, the economy isn’t always in the best shape to deliver these benefits. Employers may withdraw some of these benefits. You may be encouraged to switch pensions. It’s not a defined plan, to be honest. We have […more]

About 21% of Women in the UK Have No Pensions

Jul 13, 2015 | | Say something

At an alarming percentage, women are still running behind men when it comes to retirement and pensions. And it’s not because women are more “spendy” than men. In fact, women understand more about frugality, so what gives? According to a Scottish Widows report, women save 38% less than men and it’s not because they fit […more]

Things To Watch Out For When Choosing To Switch Pensions

Jul 10, 2015 | | Say something

It’s becoming a trend that most soon-to-be retirees are wanting to have a pensions transfer from their defined benefit pension scheme. As stated in this earlier post, the defined benefit pensions scheme has a risk guarantee that would be lost once you decide to jump ship. There have been many cases that you could be […more]

What Does It Take To Have A High Pensions Review?

Jul 9, 2015 | | Say something

As the government gives our retirees the chance to re-invest their money to different pots, numerous services have popped up claiming to give them a high appraisal for their pensions. A deal is too good to be true when they give you a very high interest rate. A good thing to remember is that pensions […more]