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Tag Archives: Income
People want lifetime income, let’s make it simple for them.
If you speak to most people about pensions there is only one thing in their mind, an income that takes over when they retire and provides security for the rest of their life. We have made life a lot harder … Continue reading
Don’t spend it all at once
My Grandma gave me as a 21st birthday present the proceeds of a life insurance policy . It came as a cheque for around £400 in a card with the message “don’t spend it all at once”. I went to … Continue reading
Will British Steel lessons fuel retirement income review reforms?
Stephen Lowe of Just clearly thinks that the redress project that is going ahead for British Steelworkers ill-advised to leave their pension scheme has focused minds at the FCA on the need for income in retirement. Citywire reports Lowe as … Continue reading
Posted in pensions
Tagged BSPS, FCA, Income, pension, Retirement, Review, Strait of Homuz, thematic review, TPR
1 Comment
It is time to take annuities seriously again – Billy Burrows
Annuities have always been a serious business* but since the introduction of pension freedoms in 2015 most retirees (and advisers) have not taken annuities seriously and many invested in pension drawdown rather than purchase an annuity. Annuities have been … Continue reading
Posted in pensions
Tagged annuities, annuity, Billy Burrows, Guarantee, Income, Pension Drawdown, Pensions
4 Comments
Dip into your pension at 55 and you could be “pension non grata”.
Most people know they can draw the money in their pension pot from 55, and because they can – they do. Very few sustainable drawdown plans are established by people in their fifties and very few annuities. 55% of annuities … Continue reading
FAKE NEWS – eroding the credibility of pensions.
“Yesterday I ran a blog complaining not about fake news but about misinformation accompanying the news. MOMENTUM – hang your head in shame! The news Momentum has is that the vast majority of people over 55 still don’t know when … Continue reading
Posted in pensions
Tagged Financial wellness, Freedom, Income, momentum, pension, pension freedom, Placebo, Retirement, WASPI, Wealth
4 Comments
Thanks – it’s a delight to do business with you!
It’s a real delight speaking to micro businesses about pensions. You might think a simple question like “which one do you think is best?” would become boring, now we’re closing in on 5000 employers who’ve asked us it. … Continue reading
Posted in auto-enrolment, pension playpen, pensions, robo-advice, Sage
Tagged choice, Delight, Income, internet, NEST, pension playpen, pensions, Retirement, Sage, Technology
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I know what to do- I just want help! Equities, volatility and dividends.
The unconventional, but inescapable, conclusion to be drawn from the past fifty years is that it has been far safer to invest in a diversified collection of American businesses than to invest in securities – Treasuries, for example – … Continue reading
When you’re 64… buy the state pension! (girls buy even earlier!)
I chaired and spoke at a number of retirement income seminars last month – you may have been at one. While I was encouraged by the engagement and education of the audience in financial products, I was frustrated by the scope … Continue reading
Posted in actuaries, annuity
Tagged DWP, GAD, IFA, Income, Inflation, Longevity, Old age, old age pension, Retirement, retirement income, Single state pensin, state pension, state pensions
3 Comments
Pensions Guidance – Information, Consequences and Support (from the Ferret)
This is a really excellent note from the Ferret This note, and the linked notes below, highlight the need in pensions’ guidance for thorough examination and modelling of individual circumstances and the value of the presentation of options in an easily … Continue reading