Nearly half of working over-65s are ‘trapped in work’ by falling pension income and inadequate pension planning. With plunging annuities rates, pension income is half what it was 15 years ago.Read More
Posts Tagged ‘Pensions’
Falling pension income traps over-65s in work
Friday, September 3rd, 2010Half of pension savers have never reviewed pension plans
Thursday, September 2nd, 2010Half 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.
One 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
About Us
Annuities
Blogroll
Financial Planning
- Avoiding Inheritance Tax
- Capital Gains Tax Allowance
- Discounted Gift Trust
- Endowments
- IHT Exemptions
- Inheritance Tax Calculator
- Inheritance Tax Gifts
- Inheritance Tax Nil Rate Band
- Inheritance Tax Rates
- Inheritance Tax Threshold
- Key Man Insurance
- Potentially Exempt Transfers
- What is Financial Planning?
- Writing Your Life Insurance in Trust
Investments
- Allianz RCM Global Eco Trends Fund
- Dark Green Investment Funds
- EIS – Enterprise Investment Scheme
- Ethical Investment Advice
- Ethical Investment Companies
- Ethical Investment Criteria
- Ethical Investment Funds
- Ethical Investment Portfolio
- Ethical Investments
- Ethical ISA Investments
- Ethical Pensions
- Fixed Interest Bonds
- Funds Investments
- Guaranteed Bonds
- Guaranteed Income Bonds
- Guaranteed Investments
- IM WHEB Sustainability Fund
- Income Bonds
- Investment Adviser
- Investment Companies
- Investment Planning
- Light Green Investment Funds
- Managed Investments
- Medium Green Investment Funds
- Mutual Funds Investments
- Octopus VCT
- Our Investment Portfolios
- Quadris Environmental Fund
- Socially Responsible Investments
- Trust Investments
- Unit Trust Investments
- Unit Trusts & OEICs
- Venture Capital Trusts
Mortgages
oneplan
Pensions
- AVC – Additional Voluntary Contributions
- Cashing in Pensions
- Children's Pensions
- Early Retirement Options
- Ethical Pensions
- Financial Advice on Pensions
- Pension Advice Process
- Pension Calculator
- Pension Companies
- Pension Contributions
- Pension Forecast
- Pension Performance
- Pension Review
- Pension Tax Relief
- Pension Transfer
- Pension Types
- Retirement Calculator
- Retirement Pension Forecast
- What is a Pension Plan?
Personal Insurance
- Best Critical Illness Cover
- Best Life Insurance
- Calculate Your Life Cover
- Children's Critical Illness Insurance
- Critical Illness Calculator
- Critical Illness Insurance Providers
- Critical Illness Insurance Quote
- Joint Critical Illness Cover
- Life Insurance Advice
- Life Insurance Calculator
- Life Insurance Guide
- Life Insurance Quotes
- Writing Your Life Insurance in Trust
Savings
- Cash ISAs
- Children's Bonus Bonds
- Ethical ISA Investments
- ISA Allowance
- ISA Calculator
- Monthly Savings
- Saving for your children
- Savings plan for a new car
- Savings plan for getting married
- Savings plan for mortgage deposit
- Savings plan for my house renovations
- Tax Efficient Savings
- Tax Free ISA
- Tax Free Savings
Sustainovation
- Allianz RCM Global Eco Trends Fund
- Dark Green Investment Funds
- Economic Experts
- Environmental Experts
- Ethical Investment Advice
- Ethical Investment Companies
- Ethical Investment Criteria
- Ethical Investment Funds
- Ethical Investment Portfolio
- Ethical Investments
- Ethical ISA Investments
- Ethical Pensions
- IM WHEB Sustainability Fund
- Light Green Investment Funds
- Medium Green Investment Funds
- Quadris Environmental Fund
- Social Experts
- Socially Responsible Investments
0800 678 5929
7 Racecourse Road,
Derry,
Northern Ireland
United Kingdom
BT48 7RB
Email: info@principlefirst.co.uk
PAST PERFORMANCE IS NOT A GUIDE TO FUTURE RETURNS & INVESTMENT RETURNS MAY FALL AS WELL AS RISE - Risk Profile must be clarified before proceeding with any investment advice.
Principle First Financial Services is a trading style of GMF Marketing Services Ltd. which is authorised and regulated by the Financial Services Authority. Principle First Financial Services is entered on the Financial Services Authority's register under reference number 409667.