
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

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
Demand for financial planning advice was strongly up in the first half of the year. Pensions and investments remain strongest drivers, but greatest growth was in demand for mortgage advice.
The 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.
Over 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.
The Government has announced that the default retirement age of 65 will finally go forever in October 2011. The new proposal means that you cannot be dismissed by your employer simply on the grounds of having turned 65, and provides greater flexibility and scope, when planning your retirement.
Continue to base your pension planning on retirement at 65, even if you are hoping to work into retirement, says Friends Provident. Health or other issues could well shatter your plans for a longer working life. Click headline to read more.
As part of today’s June 2010 budget changes, the Chancellor George Osborne has announced an increase in Capital Gains Tax for higher earners from 18% to 28%, effective from midnight tonight. This will relate to higher earners who earn more than £44,875 (i.e. who have taxable income of more than £37,400). For those paying the basic rate [...]

A leading government think tank is proposing pension savings that are not ‘locked away’, perhaps by combining pension savings and ISAs, which could then be left to your children free of tax. Click on headline to read more.

How will the government pensions review affect you? Read more here
The government pension review confirmed this week will add at least 2.5% to the basic state pension from 2012. This will bring the basic state pension to over £100 per week for a single and £160 for a couple.
















