Posts Tagged ‘Pensions’

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

Could you live on pension income of £140 per week?

Monday, October 25th, 2010

Could you live on pension income of £140 per week?

New proposals for a general pension income of £140 per week for all pensioners will still leave a third of UK pensioners below the poverty line as defined by the EU. Planning a personal pension to ensure adequate pension income in retirement has never been more essential. Read More

Public sector pension schemes may demand more from workers

Monday, October 11th, 2010

Public sector pension schemes may demand more from workers

The public sector should pay more contributions to pension schemes, work longer, and get less back, according to new recommendations to government.

Pension income boosted by continuing work for most retirees

Friday, October 1st, 2010

Pension income boosted by continuing work for most retirees

More retired people are deriving income from continuing work, and have not achieved the pension income for the retirement of leisure they planned, according to new data released this week by the ONS. Many pensioner couples now take a quarter of their income from earnings. Read More

Planning never to retire also involves financial planning

Wednesday, September 29th, 2010

Planning never to retire also involves financial planning

Over 60% of those rich enough to retire tomorrow are ‘Nevertirees’ who plan never to stop working – but financial planning remains at the core of their future thinking, says Barclays Wealth. Read More

First swell of baby boomers drains basic state pension

Wednesday, September 22nd, 2010

First swell of baby boomers drains basic state pension

The basic state pension system has already begun to creak and strain as the first of the 1940s ‘baby boomers’ comes to retirement. Next year, 650,000 people will turn 65 in the UK, with a further 800,000 in 2012, says the Department of Work and Pensions.
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Children’s pension plans take centre stage to replace Trust Funds

Monday, September 20th, 2010

Children's pension plans take centre stage to replace Trust Funds

Demand for children’s pension plans has jumped by 62% in the last year, as parents see value in a tax-efficient, long-term savings option for their child’s future. In the shorter term, parents are also giving their child peace of mind, while others of the coming generation may struggle to arrange their retirement planning.
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Shifting patterns for taking pension income as income drawdown gathers strength

Monday, September 13th, 2010

Shifting patterns for taking pension income as income drawdown gathers strength

With annuity rates at a 15-year low, demand for flexible pension income from a stock market investment via income drawdown has doubled.

Each year of pension income requires 2 years of work

Wednesday, September 8th, 2010

Each year of pension income now requires two years of work, according to Aviva. However, as we may in future be living longer and working for less time, we may have to fund a retirement that is as long as our working life.

Smarter annuities shoppers maximise pension income

Monday, September 6th, 2010

Enhanced annuities offer a higher pension income to those whose life expectancy is reduced by smoking, or certain conditions including high blood pressure and high cholesterol. Demand for enhanced annuities was up by 41% in the first half, indicating that good pensions advice is making consumers more ‘savvy’ in their retirement planning.

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