It is important, when considering a pension transfer, that the correct assessment has been carried out on your existing pension, as well as a pension review on the pension product or wrapper that you are moving to.
Posts Tagged ‘Company Pension Scheme’
Pension Transfer Advice
Tuesday, February 23rd, 2010Company pension schemes creaking under weight of deficits – PPF
Tuesday, February 9th, 2010
Three-quarters of final salary company pension schemes in the UK are now in deficit, potentially jeopardising the pensions provision of thousands of workers, according to the Pension Protection Fund.
Pensions planning shows first cracks as many feel the pinch
Monday, February 1st, 2010The pensions ‘ice age’ has begun, with many of those approaching retirement realising that their pensions planning will not sustain the lifestyle they had hoped for. As a result, a quarter of men and 64% of women are planning to work beyond the state pension age, most of them listing financial necessity as the reason, according to the Equality and Human Rights Commission (EHRC)*.
Don’t wait for Government – act now on your personal pension
Friday, January 8th, 2010
As the government rebrands its personal pensions scheme as NEST (National Employment Savings Trust), industry experts are warning savers not to wait for the new workplace pension scheme, which will not be fully operational until 2017.
Pension savers beware of pension scheme transfer incentives – Regulator
Friday, December 11th, 2009If you are a pension saver with a defined benefit pension, you should treat with suspicion company initiatives to encourage you to transfer out of your pension scheme, in return for a lump sum.
Such lump sum offers, known as ‘enhanced transfers’, are increasingly common as companies strive to dismantle their highly expensive defined benefit pension schemes.
Vodafone hangs up on final salary pension scheme
Friday, November 27th, 2009As Vodafone becomes the latest large employer to announce it will close its final salary pension scheme, the National Association of Pension Funds has published a new report which paints a gloomy picture for the future of the gold-plated schemes.
Only 23% of final salary schemes are still open to new members, and of those, three [...]
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