Monday, October 25th, 2010
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
Tags: Basic State Pension, Pension, Pension Credits, Pension Income, Pension Planning, Pensions, Personal Pension, Private Pension, Private Pensions
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Tuesday, August 24th, 2010
Government is proposing to scrap Alternatively Secured Pensions (ASPs) but offer income drawdown of pension savings subject to new limits.
Tags: Income Drawdown, Pension Advice, Pension Planning, Pension Savings, Pensions, Personal Pensions, Private Pension, Private Pensions, Retirement Income, Retirement Planning
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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.
Tags: Basic State Pension, Company Pensions, Pension Planning, Pension Plans, Pensions, Personal Pensions, Private Pensions
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Friday, July 23rd, 2010
The pension income of a 60-year old retiring today will be £3,000 less than it was 2 years ago, says pensions specialist Aon Corporation. Good pension planning and timing are central to maximising pension income in retirement. Read More
Tags: Aon Consulting, Basic State Pension, Pensions, Personal Pensions, Private Pensions
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Friday, July 9th, 2010
The Government is to alter the inflation index used to calculate payments from many company pension schemes. The measure, which could affect up to half of UK company pensions, will mean less pension income for members
Tags: Company Pension Scheme, Company Pensions, Occupational Pensions, Pensions, Private Pensions
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Friday, June 25th, 2010
The government is to raise the Basic State Pension age by 1 year every 5 years, to reach 70 in 2035. Anyone aged 45 or younger will now be unable to take their Basic State Pension until they reach 70.
Tags: AIB Bank, Basic State Pension, Best UK ISA Funds, Commercial Loans, Company Pensions, Maximum Pension Contribution, Mortgage Rates, NEST, Pensions, Private Pensions
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Monday, June 7th, 2010
As BP’s share price nosedives due to the Gulf of Mexico oil spill, pensions income from UK pension funds with large holdings in BP is suffering. A projected pensions income of £15,000 a year could have lost £400.
Tags: AIB Bank, Commercial Loans, Company Pensions, LV=, Maximum Pension Contribution, MetLife, Mortgage Rates, Pension Planning, Pensions, Pensions and Retirement, Private Pensions
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Wednesday, May 19th, 2010
The cost of delaying your pension planning could require a massive increase in contributions, to attain a specific pension income. To retire on £10,000 a year you can start saving £125 per month at age 20. If you leave it until 50, this rises to £660.
Tags: AIB Bank, Commercial Loans, Company Pensions, Lufthansa, LV=, Mortgage Rates, Office of Fair Trading, Pension Income, Pension Planning, Private Pensions, Retirement Planning
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Friday, May 14th, 2010
Marks and Spencer and the Wedgwood Museum are the latest to report crippling debts from their occupational pensions schemes. Employees must increasingly consider private pension schemes, as final salary pension schemes continue to shut down.
Tags: AIB Bank, Credit Reference File, Defined Contribution Pension Scheme, Final Salary Pension Scheme, Mortgage Insurance, Mortgage Rates, Occupational Pensions, Personal Pensions, Private Pensions, Spanish Investment, United Nations, Workplace Pensions
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Thursday, May 13th, 2010
Government pension changes likely to be introduced based on pre-election pledges by the Conservatives and the Lib Dems are currently being presented as benefits that will increase pension income from both state and private pensions. Dig a little deeper, however, and we see that the pension changes are primarily designed to save the state money.
Tags: AIB Bank, Basic State Pension, Best UK ISA Funds, Commercial Loans, Company Pensions, Financial Planning, future energy supply, HMRC, Inheritance Tax, MetLife, Minimum Retirement Age, Mortgage Rates, NEST, Pensions Advice, Pensions and Retirement, Pensions Annuity, Private Pensions
Posted in Pensions News | 1 Comment »
