Saturday, January 19, 2019
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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.

A Qualifying Recognised Overseas Pension Scheme (QROPS) opens up a whole new world of pension freedoms for expats. British retirement savers already have the freedom to access their pension cash to spend as they wish proving they are over 55 years old. That opportunity is also available in QROPS offshore pensions. Financial...
The see-saw deficits of Britain’s workplace pensions have improved so far in 2017 – but are still worryingly in the red for retirement savers. The latest figures from pension experts PwC’s Skyval Index show that the combined deficit of nearly 6,000 UK employer pension schemes was £450 billion at the...
State Pension campaigners have appealed to the Queen to step in to help them unravel what they claim is an unfair and illogical system that penalises the elderly based on where they live. The State Pension is currently paid to 558,000 British expats living in just about every one of...
Falling enhanced annuity rates over recent weeks could cost investors around £7,000 in lost lifetime income. Interest rates on the insurance contracts that provide a guaranteed retirement income have slipped by 5% in the past two months, according to financial experts. This fall in rates could hit the monthly retirement income...
Only a third of workers heading for retirement have reviewed their pension planning in the past four years despite a raft of radical new measures announced by the government. Pension changes have come think and fast in recent years, with changes in lifetime allowances, annual contribution amounts and new laws...
Financial advisors are cold-calling retirement savers to try to persuade them to access their pensions early through illegal pension liberation and unlocking scams. Now the government is fighting back with a high-profile campaign to warn pension holders about the risks of signing their savings over to unscrupulous hit-and-run fraudsters who...
Ombudsman complaints data showed a 123% rise in claims for the three months leading up to December 2013 regarding Self-Invested Personal Pensions (SIPPs). The statistic appear to support the industry compensation scheme’s recent warning that advisers should brace themselves for a steep rise in SIPPs claims in 2014. Highlighted in the...
Expats are still getting a raw deal from the British state pension even though they can pay more to top up their contributions. As the government introduces the pension top-up that lets those approaching retirement buy extra state pension payments, tens of thousands of expats will have to pay more...
More pensioners are going bust because of low annuity rates and poor interest on savings. Insolvencies among the over 65s have soared by more than a fifth in the past four years, says accountancy firm and insolvency specialist Moore Stephens. Last year, 5,762 pensioners were declared insolvent, compared to 4,727 in...
 Firms switching pensions from final salary to defined contribution schemes are costing average earners £38,000 to replace lost benefits, according to a new survey. Private employers are closing final salary schemes to save money – but average earners are losing the cash as the difference in the value of their...
Welfare Secretary Iain Duncan Smith has confirmed more than 90,000 British expat pensioners will lose the winter fuel allowance worth up to £300 annually from next year. Scrapping the allowance will save the government £17 million a year and helps Prime Minister David Cameron keep pledges about benefits savings in...
A former government advisor has warned that millions of widows across the UK are being “betrayed” by pension providers whose schemes “die” with their husband. Pension expert Dr Ros Altmann notes that insurers are making around GBP 1 billion each year by pocketing the remaining pension pot when a husband...
Pension liberation complaints are making life difficult for a consumer watchdogs handling complaints about suspected scams. The Pensions Ombudsman (TPO) is in the middle of the row and has prevaricated for months about making decisions on a pile of complaints from retirement savers that their instructions to transfer their funds...
Financial watchdogs are warning pension savers to watch out for scammers after their cash. The Pensions Regulator (TPR) is issuing the alert ahead of new government freedoms that will let the over 55s take money from their pensions to spend how they wish. The reforms are set to start from April...
Many retirement savers dream of the day when they can hang up their work clothes, kick their shoes off and relax but what seemed a good idea can soon turn into a nightmare for the unprepared. Early retirement is generally considered at some time between the ages of 55 and...