Pension Annuity | Independent Financial Advice Service, Pensions and Investment Portfolio Advisers - Principle First

Regulator criticises information given to company pension holders

Friday, November 6th, 2009

Most UK company pension schemes fail to offer adequate advice to retiring savers, the Pensions Regulator has found. In particular, retirees are not always made aware of the need to â€˜shop aroundâ€™ when investing their pension pot, thus creating a risk that they will have substantially less to live on than theyÂ could have realised in [...]

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Buying a pension annuity? Be sure to shop around

Monday, August 17th, 2009

Nearly 40% of people retiring with defined contribution pension schemes are unaware of their right to shop around for a pensionÂ annuity, according to new research just published by the Association of British Insurers (ABI). Defined contribution pension schemes are those into which an employer pays a regular contribution, fixed as an amount or percentage of [...]

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Pension income: The shrinking balloon

Tuesday, August 11th, 2009

As people aspire to retire earlier, and yet more healthy lifestyles mean that we are living longer, our retirement needs are undergoing an evolution so radical that some would term it a â€˜revolutionâ€™.

Tags: AIB Bank, Inheritance Tax, Level Annuity, Loan Insurance, Lufthansa, LV=, Northern Ireland Bank, Northern Ireland IVA, Pension Annuity, Pension Income, Pension Planning, Pension Quality Mark, Retirement, Retirement Income, State Pension
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The financial life cycle 5: The settled sixties

Tuesday, June 9th, 2009

The largest hill on the horizon as you enter your sixties is, of course, your retirement. In your financial life cycle, the main task is to turn your pension savings into an income, as your working life comes to an end.

The most popular way of doing this is by purchasing a pension annuity with your pension savings. This pays out a guaranteed income for the rest of your life, and can be a fixed sum, or can be set to increase each year, in order to account for inflation.

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