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.

If you are going on a spending spree with your pension cash, watch where the money goes, or you could be in trouble. Anyone who the government believes deliberately spends their pension money and then claims benefits could find they are breaking some special rules. The technical term is deprivation, and...
More pension reforms are needed to tackle the financial problems of rising numbers of retired people, says a think-tank report. Governments need to look at policies to relieve financial inequality among the elderly and to find ways of managing the changing nature of work, according to the Organisation of Economic...
Stagnant wages and rising living costs are stopping huge numbers of workers aged over 50 from saving enough money to retire. Retirement experts say 43% of those aged between 50 to 59 years old, and 38% aged between 60 to 69, say they are either “occasional” or “absent” savers, meaning...
Pensioners who have given up work in the past decade are reporting that they are enjoying life and feel financially well-off. More than a quarter (26%) consider they are in better health than when they were working. Many also feel that their relationships with their partners and families have improved. Two-thirds have...
Pensions are confusing, but offshore pensions are even worse because they involve unfamiliar terms and rules that few retirement savers run into unless they are expats. Here are some of the most common terms bandied about by expats and their financial advisers explained: Qualifying Recognised Overseas Pension Scheme (QROPS) – A...
Thousands of QROPS retirement savers are wondering about the future of their offshore pensions after one provider closed and another saw the CEO arrested. Alan Kentish, CEO of STM Group was arrested by police in Gibraltar, where the company is based. The news was confirmed in a statement by the company. Kentish...
International SIPPs can be ideal for British expats in Dubai who fear transferring their UK pension offshore due to the crippling 25% overseas transfer charge. For expats outside Europe, QROPS offshore pensions are not a viable choice if the countries where they live have no QROPS provider unless they are...
Financial advisers often talk about the wide range of investments retirement savers can hold in a SIPP without explaining just what these investments are. So, here's a list of allowable pension investments from HM Revenue and Customs. These are investments that can be held in a SIPP without triggering an 'unauthorised...
Frazzled pensioners say they expected a carefree retirement but instead their supposed golden years are ruined by stress. A fifth say that giving up work just meant replacing one set of stresses with another. They also miss mixing with colleagues and the gossip at work. Add to that, they have had to...
Retirement savers want a target to aim for rather than a guestimate of the cash they will need for a comfortable life once they give up work. A national retirement income that offers a guide amount of money needed in savings would be welcomed by workers planning for retirement, says...
Financial experts are starting to pick up on the idea that expats are not well-served by their providers once they stop contributing into their pensions. A debate is firing up around the rights of deferred members – those who no longer pay into a pension but have a fund. Research has...
More people are saving for retirement now than at any time in the past 10 years, according to new research. Just one in seven people retiring this year have no pension, compared to one in four in 2008, when financial firm the Prudential started tracking savings. The reversal of fortunes seems...
If you are relying on the state pension to fund your retirement, then you have run out of money until the end of the year, according to a financial firm. The state pension offers a couple £16,593 a year, while figures from the Office of National Statistics put average annual...
Your retirement income may be in danger if you have a final salary pension as a financial black hole threatens to keep swallowing cash. Although many employer pensions are flush with funds and making good investment returns, concerns are rife about some others that are billions of pounds in the...
If you’re aged 50 or over and want to retire with a £50,000 a year pension, can you do it? You need a £1 million pension pot to generate that level of retirement income and the target looks like an impossible mission, but it’s not so far out of reach...