Credit Reference File | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers

June 2010 Budget – Review of Public Sector Pensions

Tuesday, June 22nd, 2010

In today’s June 2010 budget, Chancellor George Osborne has announced that ex-Labour cabinet minister John Hutton has agreed to head up the commission which will rein in the spiralling cost of public sector pensions. Click headline to read more.

Tags: AIB Bank, Credit Reference File, Defined Contribution Pension Scheme, Final Salary Pension Schemes, Life Policy, LV=, Maximum Pension Contribution, Pension Advice, Pension Planning, Pensions
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Public sector pension income beyond reach of private sector

Tuesday, June 22nd, 2010

Private sector employees would have to save 37% of their earnings, to achieve the same levels of pension income as a public sector employee in a final salary pension scheme, according to new data by PriceWaterhouseCoopers (PWC). However, only 6% of private companies are intending to keep their final salary schemes open, intending instead to replace them with [...]

Tags: AIB Bank, Commercial Loans, Company Pensions, Credit Reference File, Defined Contribution Pension Scheme, Final Salary Pension Schemes, Life Policy, Maximum Pension Contribution, Pension Advice, Pensions, PWC
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External factors can cut your pension income

Wednesday, May 19th, 2010

External factors can cut your pension income

The election and the ‘week of indecision’ caused stock market turbulence that played havoc with the projected pension income of savers. Your projected annual pension income could have varied by almost £800, depending on when you retired in the elections fortnight. What a difference a day makes … when you’ve a pension plan to worry about.

Tags: AIB Bank, Aon, Credit Reference File, Defined Contribution Pension Scheme, Life Policy, Lufthansa, LV=, M&G Corporate Bond, Office of Fair Trading, Pension Advice, Pension Income, Pension Planning, Pension Plans, Retirement Planning
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Personal pensions a priority as occupational pensions crisis continues

Friday, May 14th, 2010

Marks and Spencer and the Wedgwood Museum are the latest to report crippling debts from their occupational pensions schemes. Employees must increasingly consider private pension schemes, as final salary pension schemes continue to shut down.

Tags: AIB Bank, Credit Reference File, Defined Contribution Pension Scheme, Final Salary Pension Scheme, Mortgage Insurance, Mortgage Rates, Occupational Pensions, Personal Pensions, Private Pensions, Spanish Investment, United Nations, Workplace Pensions
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Final salary pensions crisis hits Aviva

Tuesday, April 27th, 2010

Aviva has become the latest large UK employer to propose an end to final salary pensions. Its own employees and those of subsidiary RAC would instead be offered defined contribution pensions moving forward. Unions say the move could cut their final pension pots by a third.

Tags: AIB Bank, Aviva, Best Maxi ISA, Credit Rating, Credit Reference File, Defined Benefit Pension Scheme, Defined Contribution Pension Scheme, Final Salary Pension Scheme, Maximum Pension Contribution, Money Purchase Pension Scheme, Occupational Pensions, Pensions, Pensions News, Spanish Investment, United Nations
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Updating credit reference file crucial to obtaining personal loans, says ICO

Thursday, January 14th, 2010

Applicants for personal loans or credit cards must ensure that the information held on their credit reference files is up to date, or risk being refused due to incorrect data.

Consumers can request a copy of their credit reference file for £2 from credit reference agencies such as Experian or Equifax, and online applications are also possible. The file must be provided within 7 days.

Tags: Consumer Financial Planning Body, Credit Cards, Credit Rating, Credit Reference File, Equifax, Experian, Investment Advice Northern Ireland, Mortgage, Mortgage Deals, Personal Loans, Repossessed Spanish Property, Self Invested Pension Plan
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Vodafone hangs up on final salary pension scheme

Friday, November 27th, 2009

As 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, [...]

Tags: AIB Bank, Co-Operative Bank, Company Pension Scheme, Credit Rating, Credit Reference File, Defined Benefit Pension Scheme, Defined Contribution Pension Scheme, Final Salary Pension Scheme, Life Insurance Products, Maximum Pension Contribution, Occupational Pensions, Pension, Pensions, Spanish Investment, United Nations
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Pension savers must urgently monitor defined contribution pension plans

Tuesday, November 17th, 2009

Pension saversÂ with defined contribution pension plans urgently need to monitor the way their funds are invested, to ensure that they will not be â€˜let downâ€™ by the performance of their pension fund. Pensions specialist Aon Consulting has this week revealed that recent volatility on the stock markets has created great uncertainty over the value of [...]

Tags: AIB Bank, Aon Consulting, Co-Operative Bank, Company Pension Scheme, Credit Reference File, Defined Contribution Pension Scheme, Low Interest Rates, LV=, Office of Fair Trading, Pension Funds, Pension Planning, Retirement Planning, Standard Variable Rate
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Pensions: ‘If it’s to be, it’s up to me’

Sunday, September 27th, 2009

Changes in the pensions market over the past year indicate that, in future,Â the individualÂ will carryÂ the majorÂ responsibility for his or her ownÂ pensions provision. In terms of securing a decent standard of living in retirement, the old business mantra holds true: ‘If it’s to be, it’s up to me.’

Tags: AIB Bank, Basic State Pension, Best UK ISA Funds, Commercial Loans, Company Pensions, Credit Rating, Credit Reference File, Defined Benefit Pension Scheme, Defined Contribution Pension Scheme, Maximum Pension Contribution, Mortgage, Mortgage Fees, Office of Fair Trading, Pensions, Personal Accounts, Personal Pension Accounts, Retirement Planning
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