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Tag Archives: pots
Take away the burden from growing old on savings
I like this picture from my Canadian/South African correspondent Johan Kriek. It represents the problems elder people face with managing their finances and the problems my seniors tell me they are having. It is difficult to managing retirement money or … Continue reading
Take away the burden from growing old on savings
I like this picture from my Canadian/South African correspondent Johan Kriek. It represents the problems elder people face with managing their finances and the problems my seniors tell me they are having. It is difficult to managing retirement money or … Continue reading
“Can we save more?”.. for retirement asks Pensions UK. “and can we save better?” says this blog!
The numbers are out from Pensions UK and they make more uncomfortable reading for us. This suggests that we should be ploughing more of our take home into long term savings. This blog has argued that the money we put … Continue reading
Posted in pensions
Tagged Deferred Pay, Funds, pots, shortfall, underpaid, Wage in retirement
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Pension Thunderbirds are go! Richard Smith counts down
There are three things that will matter to people and their pensions in the first half of 2027 The arrival of the first multi-employer CDC plans DC pots default at retirement to lifetime retirement incomes Pension Dashboards what’s coming to … Continue reading
Posted in pensions
Tagged CDC, default, Pension Dashboard, pots, Richrd Smith, Thunderbirds
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Where bankers show their pension fallibility!
I know a fair few bankers (and I bet some don’t want to remember me!). They want to mark their happiness to the market but pots of money never do! They need pensions like the rest of us. You can … Continue reading
Richard Smith – you don’t need to live on daily valuations of your pots!
Richard Smith, my heart goes out to you. You have created feeds into your measurement tool so that you get a daily update of your “pot” valuations. You are killing yourself with information. Take a step back and ask yourselves … Continue reading
I understand my state pension but not these statements about my private pension pots.
Richard Smith is angry. He has five pension pots but he has no idea what income he will get when from 2027 there’s a default pension he will be able to draw. That is apart from Scottish Widow’s explanation that … Continue reading
Posted in pensions
Tagged Complicated, Pension Dashboard, Pensions, pots, Richard Smith, SMPI, state pension
9 Comments
A VFM test when turning my pot to a pension?
Consolidating a pot into a pension is going to be one of the great tasks of the next twenty years. As people approach the point when they can draw an income from their DC pot they can choose to … Continue reading
Pension industry all at sea over pots and pensions.
The Pensions Schemes Bill, announced in the King’s Speech 2024, will require pension schemes to offer retirement products, so people will have “a pension and not just a savings pot when they stop work”. This is not a quotation from … Continue reading
Combining pots should not be this hard
I fear the blog I published over the weekend on logging your LOA may prove my “least read” article ever. If you are one of the 62 who have read it – thanks, if you weren’t – here’s my … Continue reading