Wednesday, November 13, 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.

Many expats rely on their state pension payments to make ends meet, but can Britain be relied on to top up the payments in line with inflation each year? Unfortunately, for many retired expats the answer is no unless they live in one of a few selected places that have...
Pension scammers cold-call eight people every second, but the government may not have laws in place to stop them until 2020, a minister has revealed. Around 250 million cold calls are made every year, with 11 million retirement savers receiving calls since April 2015, according to official figures from the...
Thousands of over 55s have overpaid millions in tax after drawing money from their retirement savings under flexible access pension rules. The mandarins at HM Revenue & Customs resolutely refuse to change the rules, which has left taxpayers fuming for paying too much income tax which they then have to...
The government is writing a prescription to cure the pension ills of doctors facing tax problems. High-earning doctors have retired or cut their availability to the National Health Service because their pension growth was outperforming the lifetime allowance (LTA). The LTA is set at £1.055 million - but any pension pot...
Financial firms are rushing to offer equity release loans to the over 65s as they rush to unlock cash for retirement. Rather than downsize, the over 65s prefer to stay in their homes and many spend the extra cash on care funding and helping with the bills. More than 1.3 million...
Age is no bar to working in retirement with record numbers of the over 70s refusing to stay at home, according to official data. The number of over 70s choosing to work after retirement has risen steadily every year for the past decade, peaking at 497,946 in the first three...
Expats in the Gulf States shun taking professional financial advice  for at least the first two years they spend abroad. Just over one in three expats consult a financial adviser during the first 24 months that they live in the Gulf, according to a survey by wealth managers Hoxton Capital...
Half of the self-employed would willingly save into a pension - but only if the government brings in automatic enrolment regulations. Otherwise, thousands of workers will continue without any retirement savings, says a new report by investment house Fidelity International. One of the big issues about saving for the self-employed is...
The music that shaped your life also influences the way you save, according to new research from a leading bank. If you were around when the Beatles were topping the charts, the likelihood is your saving strategy is different from the Guns n’ Roses generation. The US research for Wells Fargo...
Thousands of retirement savers shifting their pensions into drawdown are shunning professional financial advice. Financial experts argue that they risk draining their pension funds too soon because they are taking more than they can afford from their savings. Number crunchers at financial firm Zurich claim more than 435,000 people have moved...
British workers move jobs an average 11 times during their working lives and often leave a small pension pot behind. The chances are these are likely to be defined contribution pensions that come without any guarantees and fund sizes depend on investment performance. This is also likely to mean they come...
If you are on course to pick up a retirement income of £50,000 a year or more from a final salary pension then you may face the prospect of seeing a slice disappear because of daunting taxes. That’s because a legal cap on pension savings means a fund of more...
How much money you need to fund a comfortable retirement is the question most of us would like answered. After all, having a definite figure to aim for would make saving a lot easier. But we are all different. Some of us will live longer than others, some of us will have...
Artists are facing a brush in court over the terms of their specialist pension fund. Several leading artists are mounting a legal challenge against the Artist Pension Trust because they want back art works signed over to the fund. The Artist Pension Trust aims to provide financial security in retirement to...
Cutting red tape and diluting the financial options for retirement down to just one page has paid off for savers unsure what to do about their pension money. The government’s Behavioural Insights Team – better known as the ‘nudge unit’ – designed a pension passport for three major providers to...