A lack of understanding of pensions annuities can lead to uninformed choices that cost thousands, according to Aviva. Retirees need quality financial advice to ensure they buy the annuity that is right for them.
Posts Tagged ‘Personal Pension’
Uninformed consumers lose thousands on pensions annuities
Thursday, February 11th, 2010Over-50s unaware of new minimum retirement age
Monday, December 21st, 2009
The majority of over-50s are unaware of the upcoming changes in the minimum retirement age, and other legislation affecting their retirement planning, according to a report published this week.
Professionals rely on parents’ wealth for their retirement planning
Wednesday, December 16th, 2009Adult 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 emotional [...]
Six pension sins: Assumptions to shatter your retirement dreams
Thursday, November 5th, 2009Radical changes in the pensions sector mean that the reality of retirement in 2030 will be very different from the present day – and unrecognisable, compared to the relatively generous pensions climate of past decades.Â
However, with over half the nation not saving towards a pension at all (source: Halifax), most people seem unaware that the [...]
Are you saving enough into your pension for retirement?
Thursday, October 29th, 2009How is your pension provision? Unless you are Sir Fred Goodwin, who recently resigned as chief of the Royal Bank of Scotland with an annual pension of £703,000, your current personal pension provision may be in need of some attention.
The basic State Pension, which was sufficient to sustain several post-war generations, was linked to earnings [...]
Personal pension or SIPP?
Wednesday, August 5th, 2009One interesting option for the larger pensions saver who wishes to have more control over their pensions investment is the Self-Invested Pension Plan (SIPP).
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