Archive | Pension

More people are working past 65

Did you plan on retiring at 65? According to the latest statistics from the Office for National Statistics, the trend of rising employment is not limited only to working-age people. The new data reveals a growing number of people are now working beyond what is still viewed as the traditional retirement age for men. During […]

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Pension transfers may have peaked

Transfers out of private sector final salaries boomed in 2017 but have slowed since. There was a dramatic increase in the value of number of transfers out of defined benefit (usually final salary) pension schemes in 2017. A recent Freedom of Information (FoI) request to the Financial Conduct Authority (FCA) revealed that the value of […]

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How to find your state pension forecast

How much will your state pension be? Most working people in the UK will be eligible for the state pension eventually. How much you get and when will depend on your personal circumstances. You need to have contributed 35 years of full national insurance contributions to qualify for the full state pension, but you can […]

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Pensions Freedoms – the two-year check-up

It’s been two years since pension flexibility was introduced. So where are all our sports cars? The Financial Conduct Authority (FCA) has examined the impact of pension flexibility and is worried about the lack of advice. Pension flexibility came into effect in April 2015. In theory, since then it has been possible from age 55 […]

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Has the government mis-sold pensions?

Most pensioners are not receiving the full flat-rate pension promised by the government.   The new state pension, which launched 6th April 2016 was supposed to provide certainty of income for people in retirement, but a Freedom of Information (FoI) request made by the Sunday Times has revealed anything but. The Sunday Times asked how many […]

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What next for Auto-enrolment?

Seven million workers have said yes to Auto-enrolment, but what happens now? Automatic enrolment has reached a new landmark, but does success so far mean an easier path from 2017, or are there new challenges in store? When automatic enrolment (AE) into workplace pensions started in October 2012, there were some doubts about how successful […]

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2017 will be the last Spring Budget, so read this.

The Treasury has announced the date of the 2017 Budget. Shortly before Christmas the Treasury announced that the 2017 Spring Budget will be on Wednesday 8 March. In November 2016 Mr Hammond announced he would be moving the main budget announcements to the autumn, something that we have not seen since Ken Clarke was Chancellor […]

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