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Pensions and divorce

4th December 2019

According to research by Age UK, up to one in three couples in the 55-70 age bracket has experienced divorce. Like marriage, divorce is a contract – but in finalising the financial settlement, pensions can often be overlooked. It’s easy to forget the value of – and joint contributions... read more

Posted in: Financial Planning, News, Pensions

Planning for retirement: the missing million

25th November 2019

When helping clients with retirement planning, we are often asked how much should be saved. The answer is dependent on many things – not least age, earnings, health, lifestyle and more. Yet in the quest for the ‘magic number’ Jeremy Woodley, our CEO, explains why it’s useful to consider... read more

Posted in: Financial Planning, Pensions

Deferring a State Pension

18th June 2018

Until recently it was possible to defer a State Pension in favour of a lump sum. However from 6 April 2016 this option is no longer possible, although the pension can be deferred in exchange of an increased regular State Pension at a later date. If you chose to... read more

Posted in: News, Pensions

Deferring to a Better Pension

8th November 2016

Pension planning must be a flexible process – changes in legislation and retirement ages means it is important to constantly review and reassess the best course of action. Tricks of the trade can help too, and a little known method in which to boost retirement income is through the... read more

Posted in: Financial Planning, News, Pensions

Pension Transfers

3rd June 2016

If you are considering changing pension contracts to a new scheme provider, there are number of options that need to be explored. Not only could there be penalties when leaving old contracts, but any guarantees or safeguarded benefits which might be left behind will need to be identified. Considering... read more

Posted in: Financial Planning, News, Pensions

Where have all the people gone?

25th May 2016

The question above is not just a bad line from a post-apocalyptic movie, but more a query about what 2060 might actually look like. There is a lot of talk about longevity in financial planning in connection with planning retirement income, and the long-term care aspects of living into... read more

Posted in: Financial Planning, News

Should you defer your pension?

18th May 2016

Deferring your pension… If you will soon become entitled to a state pension, then the big question is whether you should defer taking it, says FT columnist John Kay. Since you get a 10.4% increase in the pension for every year of deferral if you reached pension age before... read more

Posted in: Financial Planning, News, Pensions

Is my pension safe?

11th May 2016

The saddening news of the demise of British Home Stores (BHS), which echoes the likes of Woolworths, has left the retailers’ debt at an estimated £1.3 billion with a reported £571 million ‘hole’ in the final salary pension scheme. Pension scheme deficits are not uncommon as funding calculations are... read more

Posted in: Financial Planning, News, Pensions

Pension Planning

5th April 2016

The April 2015 changes to pensions were incredibly far reaching and will dramatically change the way that pensions can be used. Following these changes, there has been increased interest in the options surrounding pensions. Much of the interest centres around the introduction of new pension schemes. However there is... read more

Posted in: Financial Planning, News, Pensions