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.
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.
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.
A lack of understanding of pensions annuities can lead to uninformed choices that cost thousands, according to Aviva. Retirees need quality financial advice to ensure they buy the annuity that is right for them.
Younger consumers who delay the start of their pension saving by just five years could be reducing their eventual retirement fund by nearly £45,000, according to new findings by AXA.
More UK consumers are insuring household goods at the expense of securing their income in retirement, according to UK pensions and life insurance provider Aegon.
New research* by Aegon has shown that 98% of UK users of insurance buy cover relating to mobile phones, holidays and pets, but have not considered a retirement income protection product which provides a guaranteed minimum pension income. The research showed that nearly a quarter of people (24%) pay more than £1,080 per year on the above insurances, while at the same time leaving their pensions income at the mercy of stock market volatility, Aegon said.
