Workplace Pension Transfers Frozen For Three Months
Retirement savers switching money out of a defined benefit pension face a three month wait to make the transfer. Regulators are worried that volatile stock
QROPS List – March 15, 2020
Expats in Australia opened 11 new Qualifying Recognised Overseas Pension Schemes in the past two weeks. The HM Revenue & Customs QROPS List shows the
Retirement Goal Posts Set To Move Again For Millions Of Workers
The government is about to move the retirement goal posts again to leave millions working up to two years longer before they can draw a
How Much Cash Will You Need To Survive Retirement?
How much money you need to last until you die has always been a difficult topic to unravel. No one knows when they will die
Baby Boomers Need To Think About Later Life Planning
The number of older people is growing as the baby boomer generation moves into retirement. The population boom that followed the Second World War is
Pensions Watchdog Warns Employers To Pay Down Deficits
A financial watchdog is warning firms not to deliberately underfund workplace pensions that could leave savers with less money than they expected on retirement. The
Pension Income Reality Is Shock For Retirees
Retirement experts have shone a light on the pension reality gap – the difference between the amount of money most people need when they give
How Does Your UK Retirement Cash Compare With Other Countries?
As a British pensioner you can expect an average income that compares poorly with the amount retirees from other countries have to spend, according to
Watchdog Warning Fails To Stem Pension Transfers
Action to stop financial firms recommending a move away from a workplace scheme does not seem to have dented the enthusiasm of companies or retirement
QROPS List – February 15, 2020
After months of adding new schemes almost daily, QROPS providers were treading eater during the past two weeks. The latest list shows the number of
Brexit And The QROPS Overseas Transfer Charge
Expats wanting to transfer their UK retirement savings to an offshore QROPS have no need to worry about Brexit – for the time being. Fears
Investing In Yourself Pays Off Over Time
Investing just £20,000 in yourself can change your life in retirement by providing some much-needed extra cash to boost the state pension. The state pension
Retirement Savers Strip £18.75m A Day From Pensions
British retirement savers have withdrawn an astonishing £18.75 million a day from their pensions since spend-it-as-you-like rules were introduced. The government opened the pension treasure
Judges Slam HMRC For Pension Liberation Hard Line
Judges are taking the tax man to task over how retirement savers caught up in pension liberation schemes are chased with penalties amounting to thousands
QROPS List – February 5, 2020
A new Qualifying Recognised Overseas Pension Scheme (QROPS) opens every day on average. In the last two weeks of January, the number of QROPS rose
Shrinking Pension Funds A Worry For The Over 55s
Many savers fear they have not set aside enough money for retirement as new research shows the size of pension funds is shrinking. The average
Can I Take Pension Cash Before I Reach The Age Of 55?
A favourite ploy of scammers is to offer retirement savers access to their pension cash before they reach the age of 55 – but there
Wealthy Likely To Live An Extra 9 Healthy Years Than The Poor
The wealthy are likely to live longer free from illness and disability than the poor, according to a new study. The report links health and
Wealthy Savers Find Pension Tax A Challenge
Pension tax is a challenge for high earners to get right, claims a former pensions minister. Many wealthy taxpayers don’t fully understand the system and
One In Three Will Retire In Debt This Year
One in three people retiring this year will have debts averaging nearly £17,500 that will take more than three years to clear. Most of the