Half of UK pension savers have never reviewed their pension plans, and cannot say how their pension is invested. One in 5 actually make investment decisions without advice. Most of those prudent enough to review seek pensions advice from an independent financial adviser.
Posts Tagged ‘Pensions’
Half of pension savers have never reviewed pension plans
Thursday, September 2nd, 2010One in 10 puts retirement plan on hold
Thursday, August 26th, 2010
Today, 10% of UK workers are revising their retirement plan, believing they will never be able to retire, according to Barings. In the same survey just 2 years ago, 100% of people were confident they could retire. Barings is urging workers to make retirement pension plans earlier, to ensure sufficient income in old age. Read More
Pension Income plans will limit income drawdown
Tuesday, August 24th, 2010Government is proposing to scrap Alternatively Secured Pensions (ASPs) but offer income drawdown of pension savings subject to new limits.
Falling pension income shows pension reviews essential
Monday, August 23rd, 2010
Projected pension income for private pensions savers continued to fall in July 2010, underlining the need for regular pension reviews to keep pension savings on track. Read More
Delays in arranging pension income cost pensioners dearly
Friday, August 13th, 2010
Companies dragging their heels in setting up annuities lose one or several weeks’ pension income for pensioners. Just a week’s delay can cost over £100 – the worst offenders can cost you over £1,000.
Proposals will cut private pension income, say experts
Wednesday, August 11th, 2010
New proposals to link state pensions and private pensions to the Consumer Price Index will save money at Government level, but could see pension income rising 25% less than expected.
Pensions savings cut by half due to costs
Monday, August 2nd, 2010The pension savings of a typical middle earner in the UK could have been up to £100,000 larger, had hidden charges not been taken over the years. The same amount saved by a Dutch person would have given pension income 50% higher than his UK counterpart, due to a more efficient pension savings architecture in the Netherlands, a leading pensions expert said this week.
Retirement cancelled due to lack of interest, as over-50s revise pension planning
Friday, July 30th, 2010Over half of over-50s believe they may never afford to stop working, now that the retirement age is to go in October 2011. Fifty-nine per cent of workers fear they did not save enough into their pensions, and may now outlive their pension savings.
Pension saving curbs confirmed by Treasury
Wednesday, July 28th, 2010
The Treasury has this week published proposals to cut the annual maximum for pension saving contributions. The current annual allowance of £255,000 will be cut to between £30,000 and £45,000, but with the proviso that the new, lower limit will have full tax relief. Read More
First UK corporate ISA as savings alternative to company pension scheme
Monday, July 26th, 2010
Barratt Homes has launched the UK’s first corporate ISA, which offers a stocks and shares investment with tax-advantaged growth in savings, but where the cash can be accessed at any time. As such, it may appeal to younger workers as a medium-term savings option with easy access to your cash.
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