Wednesday, December 12, 2018
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Retirement

Featuring the latest retirement news, these articles show you how to make the most out of your pension, and provide information on retirement planning, pension transfers, QROPS, QNUPS and SIPPS.
This market is volatile – and our team of experts can help you understand the factors at play by stripping away the opinions and reporting the solid facts.
We’ll keep you up to date with the latest legislation, how to claim pensions when you are overseas, and any changes to British pension rules.
To compliment this offering, we also look at the latest expat lifestyle trends – so you stay informed of the latest news and developments – wherever you are in the world.

Scammers have contacted nearly every pension saver in the country to try and swindle them out of their savings. Around 91% of savers have been dogged by phone calls, text messages and emails offering free pension reviews. The fraudsters are flexible - besides the automated phone calls, 59% of savers were...
The over 50s are plagued with worries about their finances in retirement, according to a new report. The main causes for their concerns are how much money they need because they do not know how long they are likely to live and a decade of low interest rates that have...
If you are a British expat trying to work out your retirement options, just how do you calculate when you can stop working and receive a pension? The problem is you have different retirement dates – When you reach your 55thbirthday When you stop working When you start getting paid...
Retirement saving experts found that too many pension savers who do not consult a financial adviser have their money in cash. Around a third make this mistake, says the Financial Conduct Authority, which could cost them a third of the income they could make over 20 years of saving. Leading pension...
The number of British expats switching their retirement savings to offshore pension schemes is falling - but the average value of a transfer is still rising, according to the latest official figures. Fewer expats are transferring their UK pension savings to offshore QROPS shown by a drop of 48% from...
Financial experts are calling on retirement savers to ditch their default pension funds offered by employers and providers before they give up work. Most savers with a ‘one size suits all’ pension fund with investment choices made for them by their employer or pension provider. But ditching these funds in favour...
A tax-free cash lump sum is often considered a just reward for many years of hard saving into a pension. But many retirement savers are unsure what to do once they are entitled to take the money. Here are some answers to the most frequently asked questions we are asked about...
Pensioners have some real worries about where they will live once they reach the age of 70, according to new research. One in seven (14%) are resigned to still having to pay a mortgage when they reach 70. Another 40% who privately rent a home consider they will still have to...
Once you have reached retirement, it’s too late to worry about what might have been if you had saved more while you had a job. The focus on finances changes tack and you need to consider what steps to take to maximise your spending power on a sometimes severely limited...
Young women are still more likely to end up with a significantly smaller pension than their male colleagues because of barriers that stop them investing. Even women who save according to auto-enrolment guidance issued by the government may still have smaller pensions. Research by investment firm Fidelity International reckons their pension...
Financial watchdogs want retirement savers to be told more about their pensions and a clearer charging structure if they choose pension drawdown. The Financial Conduct Authority (FCA) looks after the interests of consumers saving into pensions. The call for change has arisen from a review of pension freedoms introduced by the...
The state of Britain’s workplace direct benefit pensions is getting better - or maybe not, depending on which firm’s figures you take. The figures are confusing because at least three different firms track the health of workplace pensions, but all measure them in a slightly different way. The deficit of the...
After years of publicity about the need to save for retirement, more than a third of workers still do not know how much to set aside for their later years, according to a new study. Even worse, 13% have not saved a penny towards their retirement and are running out...
Wealthy baby boomers are not only the most well-off generation, but they are the most generous as well. New research shows that the post-war generation is most likely to give any cash windfalls they inherit to their children or grandchildren. Nearly half of baby boomers (46%) - the generation born between...
Government financial experts have told The Treasury that they find the way pensions are calculated too complicated, according to a new report. The Office for Tax Simplification has pleaded with The Treasury to look for new ways to tax cash withdrawals under pension freedoms. The OTS is an official independent consultant...