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 saving into a pension, you are probably wondering how much money you will get on retirement. It’s a common question retirement savers ask and not always easy to work out. Taking money from a pension is easier than ever once you reach 55 years old, but the options...
Crooked advisers are to blame for most investment scams, according to a probe by pension providers determined to root out the fraudsters. The Pensions Scams Industry Group (PSIG) came to the conclusion after scrutinising more than 27,000 pension transfers from defined benefit to defined contribution schemes by three providers -...
Working out how much you need to save for retirement is a dilemma especially when you are bombarded with seemingly conflicting advice. Picking the right advice to suit your lifestyle and finances is hard. But here are four retirement saving myths you really should ignore. Life's cheaper when you stop working That's the...
Financial experts are advocating more pension tinkering after an international study of workplace schemes concluded retirement savers could benefit from pooling resources. The study looked at defined contribution pensions offered by employers and found that pooling could lead to benefit from economies of scale. This was most significant when schemes looked...
If you have some extra cash savings ready for investing at the end of the financial year, what’s best – a pension or an ISA? Both offer tax-efficient saving, but deciding which one offers the best benefits is tough. Pensions and ISAs are not either/or investments, but different ways to reach...
Almost a million British expats living in Europe are facing an uncertain financial future after Brexit because no one yet knows what will happen to existing treaties. State pension payments depend on reciprocal treaties between the UK and each foreign country agreeing to pay each other’s expats social security benefits. The...
Retirement savers have had more choice about how they spend the money in their pensions for more than two years, but not everyone understands how pension freedoms work. Often the problem is making financial decisions in the wrong order, which can lead to costly risks and potentially paying too much...

Pension Freedoms Explained

Pension freedoms give retirement savers choices about how they can spend their money once they hit the age of 55 years old. Introduced in April 2015 by then Chancellor George Osborne, the idea was to strip away the stifling rules that left some people struggling to make ends meet even...
British retirement savers get a lot of flak about not saving enough - but the Americans seem just as bad even though they typically earn more. The average US household aged between 55 and 61 years old has $163,577 in savings for retirement that gives an income of just $6,500...
Freedom of going where you want, when you want is one of the main reasons for making the expat lifestyle choice for many. The notion is romantic, because in many cases, finances and taxes tie people to living in one place. Banks don’t like cross-border dealings, so credit cards, bank accounts...
If you have cash in the British Steel pension scheme you need to brace yourself for some tricky financial decisions about your retirement. You do not have to do anything, but will likely see your pension picked up by the safety net of the Pension Protection Fund. The good news is...
Pension freedoms could cost retirement savers almost £20 billion in income tax over the next decade. But how much each saver pays could vary widely depending on how they decide to access their money, says a study by the Pensions Policy Institute. The PPI says 54% of defined contribution pension pots...
Retirement savers expecting a cash windfall after the level of benefits paid by the Pension Protection Fund were ruled unlawful can expect to wait for their money. Last month, the European Court of Justice decided that any PPF payments that amounted to less than 50% of their pre-insolvency entitlements were...
Expats saving for retirement and drawing the state pension are the biggest winners from the latest spike in the cost of living. Inflation has hit a five-year high of 3% for the year to September– up from 2.9% in August and the peak since April 2012. This means that Chancellor Phillip...
Health issues are haunting the over 50s with many carrying on working in a job that is damaging their wellbeing. Poor health is expected to lead to the retirement for 4 million workers over 50, with more than a third with concerns that their job is detrimental to their health...