Pension News
Constant pension reviews needed to protect income
Tuesday, March 9th, 2010
Maximising the performance of your pension savings requires regular reviews and quality independent pensions advice. By constantly reassessing your pension investments, a good adviser can add thousands to your annual income in retirement. New figures from Aon Consulting use 3 scenarios to show the savings that are possible.
Pensions rush as minimum age rises
Monday, March 8th, 2010The minimum age for taking company pensions and personal pensions rises from 50 to 55 on April 6th. Numbers of those retiring were up by over 20% in January, as many rush to retire before the deadline.
State Pension changes penalise women
Friday, March 5th, 2010Women turning 60 and claiming their basic state pension before April 6th stand to lose up to £20,000 of retirement income, compared to women turning 60 later this year. New rules that will apply after 6th April significantly relax the requirements to receive the full basic state pension for women.
Basic State Pension no longer meets needs
Wednesday, March 3rd, 2010Are you one of the 27% of people soon to retire, who will rely on the basic state pension as their main means of support? If so, then you could be receiving basic state pension benefits that currently stand at less than £5,000 a year.
Buy your pensions annuity before 2012
Thursday, February 25th, 2010New legislation from Brussels is likely to slash pensions annuity rates by up to 30% from 2012. Retirees should contact their financial adviser now, and hurry to buy their pensions annuity while rates are still high.
Most UK companies need pension advice
Wednesday, February 24th, 2010
Over 90% of UK companies plan to seek pension advice as the NEST government pension scheme is rolled out. By setting up a NEST-exempt company pension scheme, employers can tighten control of their pension contributions, benefits and costs.
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