Posts Tagged ‘Pension Quality Mark’

Government pension review will add 2.5% to basic state pension

Friday, May 28th, 2010

The government pension review confirmed this week will add at least 2.5% to the basic state pension from 2012. This will bring the basic state pension to over £100 per week for a single and £160 for a couple.

Company pensions for all in NEST pensions review

Monday, April 26th, 2010

Company pensions for all in NEST pensions review

Every UK company will soon be required to offer pensions to all employees, following the launch of the National Employment Savings Trust (NEST). However, employers who act now can still exempt themselves from NEST by setting up their own scheme.

State pension for divorced spouses from partner’s NI contributions

Friday, March 26th, 2010

state pension

Using the facility of ‘substitution’ a divorced homemaker, who has never worked, can obtain a state pension, by claiming on her former partner’s National Insurance contributions.

State Pension changes penalise women

Friday, March 5th, 2010

Women 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, 2010

Are 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.

Still counting on ‘Nanny State’ for a generous state pension? Think again…

Thursday, January 28th, 2010

Latest facts released by the pensions industry are revealing some worrying trends with regard to our levels of pension saving … or not saving.

Income drawdown an eye-catching option, as pension age rises

Tuesday, January 19th, 2010

Income drawdown

Planned increases in the state pension age are likely to lead many to use income drawdown in their retirement planning, as they seek out ways to tap into their personal pension before they reach state pension age.

Pension quality mark for occupational pension schemes shows flaws in government plan

Tuesday, January 5th, 2010

Occupational Pension Schemes

Flaws in the government’s planned ‘Personal Account’ pension scheme have been highlighted by new quality standards for company or occupational pension schemesfrom the National Association of Pension Funds (NAPF).

Professionals rely on parents’ wealth for their retirement planning

Wednesday, December 16th, 2009

Adult professionals are more dependent on their parents for a financial lifeline than ever before, as over half in the age range 35-45 declare they rely on their inheritance to finance their retirement planning. These are the conclusions of the charity Elizabeth Finn Care, which specialises in assisting professional people in need of financial and [...]

Living on the State Pension: your personal wake-up call

Thursday, November 26th, 2009

Could you survive on just the basic state pension?  The basic state pension currently pays out £95.25 for an individual. This can be supplemented with Pension Credit, which can bring the total up to £130, or £198.45 for a couple. However, Pension Credit is means-tested, in other words, you will not get it if you [...]

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