Saturday, January 19, 2019

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.

The retirement income gap between the richest and poorest pensioners turns out to be a postcode lottery. Pensioners living in the wealthiest parts of London and the South have incomes of up to £25,600 more than their counterparts living in the worst-off areas, such as Stoke on Trent. But figures taken...
Thousands of retirement savers are confused about the pension options they have when they reach 55 years old. Pension freedom rules which let savers take money from their funds as they like are complicated - and some of the technical questions can leave financial advisers scratching their heads. Prudential, one of...
Financial regulators are trying to close the pension transfer barn door well after the horse has bolted into the distance. A disgraceful feeding frenzy over the British Steel Pension Scheme has led to the Financial Conduct Authority to bring out new rules to curb the number of transfersfrom workplace pensions...
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...
Digital currency pensions are a new fashion in the US - but critics are warning retirement savers of the risk of losing all their money if they invest and the market slumps. Thousands of investors want to take a chance of building retirement riches on crazy digital currency prices that...
Retirement savers do not want the government to tweak their pension freedoms as MPs mull over if more curbs are needed. Parliament’s influential Work and Pensions Committee has recently ended an inquiry scrutinising the financial risks of pension freedoms, with some MPs hinting they might ask the government to restrict...
Transfers away from workplace retirement schemes to personal pensions or QROPS for expats are becoming more common - but the tax man may want to know why you moved your money if you are in ill-health. As pension schemes at one big company tumble, thousands of workers have chosen to...
Financial experts are predicting more than a million retirement savers will transfer out of their direct benefit workplace pensions over the next 25 years. The number of savers looking to escape their direct benefit schemes has soared in recent months. Consultancy Hymans Robertson says the main reason workers want to flee...
Moves to clean up Qualifying Recognised Overseas Pension Schemes for expats is missing the mark, according to critics. The aim is to stop fraudsters stealing pension cash by making more checks into the people behind the scheme and the way money transferred in is invested and managed. The Pension Liberation Industry...
Doctors are taking early retirement in a bid to avoid tax penalties for breaking strict pension saving rules. Researchers found almost a third of family doctors who retired last year gave up work before they were 60 - double the number who retired early in 2012. The rising trend for doctors...
The Overseas Transfer Charge is an opportunistic tax on expats who have no one to speak up for them when the British government decides to demand extra money from their offshore pensions. Expats suffer financially because they have no collective voice in government and no representation in Parliament. British expats outnumber...
Pension experts have crunched some numbers to come up with how much an average worker needs to save to retire on a target annual income of two-thirds of their final salary. The average salary at retirement is £27,000, according to government figures. To maintain the standard of living this salary buys...
Expats returning home to find a care home near friends and relatives face a funding lottery, according to new research. More than 120 councils responded to a freedom of information inquiry asking them how much they pay towards funding social care. The astonishing results revealed a lack of a funding policy...
If you are approaching retirement and are looking for a useful way to harness artificial intelligence, why not try one of the many pension calculators online. Tracking the money you have saved and working out how much you might need once you give up work are just two of the...
Life expectancy is improving so much the chances of living to 100 years old will increase from 20 to one now to evens by 2066. This astonishing leap in longevity means someone reaching 55 years old now has an average life expectancy of 85 years, leaving them 30 years in...