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.
British expats are urged to check their wills and financial paperwork are up-to-date to make sure their retirement savings go to the right person. Most pension schemes ask a pension saver who should have their money if they should die – but many savers forget to pass on the details or to change them should … Read more
Millions of pensioners and over 50s across Europe doubt they can maintain their current standard of living in retirement. A major survey of 50 to 70 year olds across Britain, Austria, France, Germany, Italy, Netherlands, and Switzerland found half do not believe they have saved enough money to see them comfortably through retirement. Those approaching … Read more
The pension fund of music, movie and games retailer HMV is unlikely to see a penny out of the £26 million the fund is owed by the company – despite the administrators charging fees of around £15 million to sort out the collapsed firm’s financial affairs. Banks have also collected more than £38 million from … Read more
Retirement income is about to get a boost for pensioners who have suffered miserably on a fixed income during recent years. The income a pensioner can draw down from a self-managed pension increases by 5.5% from next month as the Government Actuary Department (GAD) figure goes back to 120% from the current 100%. So a … Read more
Yet another wave of research confirms retirement savers are not putting enough money aside to fund their later years. More than a quarter of savers (28%) have no idea how much money they have in their pension pots, while 42% do not know how much income their current retirement savings is likely to generate in … Read more
Pensioners are flogging the family jewels to finance their lifestyles in retirement, according to new research. Cash-strapped retires have sold off heirlooms and valuables worth an estimated £279 million that their families were expecting to inherit, says a study by finance firm LV=. The firm reckons 550,000 retirees have decided to sell off their possessions, … Read more
Switching from a final salary to a defined contribution workplace pension can cost retirement savers thousands in income. Employers love defined contribution schemes because they are saving around £1 billion a year in money they would otherwise pay out. Employees are doing themselves no favours either, as a study by Key retirement benefits suggests they … Read more
Savvy travellers and expats know that most countries have two prices – one for the locals and another for wealthy foreigners. The only way for a local to find out the true price is to spend some time living in the country, Try before you buy is recommended as a strategy for expats the world … Read more
Lots of us get lost in a retirement daydream and imagine where in the world we would want to spend our later years. The place is different for most of us for many reasons. Retirement destinations often depend on your home country – for instance, plenty of Americans look at Panama and Ecuador, while Europeans … Read more
New regulations for managing Qualifying Recognised Overseas Pension Schemes (QROPS) that have ceased but still hold funds for members have been published by HM Revenue & Customs (HMRC). The proposals introduce new reporting requirements for scheme managers – although the draft guidance is under consultation and no start date for the rules is set. The … Read more