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

Treasury propose to cut tax relief from pension compensation payments

Wednesday, June 1st, 2011

The Treasury have proposed plans to remove tax relief from compensation payments as a result of mis-selling of pensions in the 1980s.

Tags: compensation, investors, Pension, pension mis-selling
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Half of Britons expect to be poorer than their parents in retirement

Thursday, May 26th, 2011

A new report published this morning has revealed that half of Britons expect to be poorer than their parents in their retirement, because they have failed to save enough money.

Tags: Company Pension, Mortgage, Pension, Retirement
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Thousands of over-65s won’t be able to afford to retire

Wednesday, May 25th, 2011

A recent retirement survey from insurer LV= has found some shocking new findings regarding the state of Britain’s retirement savings, and many peoples lack of readiness for their latter years.

Tags: annuity, Insurance, Pension, pension pot
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New annuity offer could tempt prospective pensioners

Monday, May 23rd, 2011

A new annuity offer for over 55-year olds could massively change the way pensions and annuities are offered, but will it benefit the customer?

Tags: annuity, financial planner, Pension
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TUI Travel merges pension schemes to plug holes

Friday, May 20th, 2011

The largest tour operator in Europe, TUI Travel, have revealed plans to merge four of their six active pension schemes in a very unusual restructuring plan.

Tags: Pension, Pension Scheme, Royalty Payments, TUI Travel
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Financial Advice on the rise as Jump Money announce bumper profits

Friday, May 20th, 2011

Despite a global economic downturn it appears that companies offering financial advice are starting to see an upturn in fortunes as Jump Money have proved in their latest results.

Tags: Financial Advice, Financial Advisor, Financial Planning, Mortgages, Pension
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Pension annuities review is a mixed blessing for pension savers

Tuesday, January 4th, 2011

The purchase of pension annuities is no longer compulsory, leaving retirees free to retain ownership of their own pension savings. However, this may be a mixed blessing: tax may rise on pension savings left to the next generation – from the current 35% to 55%.

Tags: defined contibution pension scheme, Final Salary Pension Schemes, Government Pension, Pension, Pension Annuities, Pension Annuity, Pensions
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New retirement age could cut pension income by £14,000

Tuesday, November 16th, 2010

The state pension age will rise to 66 by 2020, for both men and women. The extended working time could cost women in particular up to £14,000 in lost pension income.

Tags: Basic State Pension, Pension, Pension Income, Pension Planning, Pension Savings, Pensions
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One in 3 over-50s has no pension plan

Monday, November 15th, 2010

Nearly a third of over-50s have no pension plan or savings for retirement, according to a new survey by pensions and insurance giant MetLife Europe. Read More

Tags: MetLife, Pension, Pension Planning, Pension Plans, Retirement Income, Retirement Planning
Posted in Pensions News | 1 Comment »

Pension planning – older workers could be cuckoo to stay in the NEST

Wednesday, October 27th, 2010

Pension planning - older workers could be cuckoo to stay in the NEST
The government has confirmed the go-ahead for 2012 of the National Employment Savings Trust (NEST), the new national pension scheme for company employees. The scheme may not constitute good pension planning for older workers over 50. Read More