Category: Pensions
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Communicating the benefits of advice: Why there’s still more to do
In my Job as a Financial Adviser, I try to communicate and demonstrate, and if by doing so effectively, I can educate my client in my one-to-one client interactions. And that is important because as people move from the world of work to one of retirement, financial planning can be genuinely life changing. However, recent research…
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The Impact of Living Longer on Retirement Planning
Since the pension reforms of 2015, investors have a greater degree of flexibility and choice when accessing their savings. Significant though the reforms were, they have to be seen within the context of other changes affecting retirement, particularly demographic developments. Accelerating life expectancy Accelerating life expectancy means that a 65-year old man in the UK…
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A cold call to chill the heart
William Burrows, a Retirement Director at Better Retirement, writes in Professional Adviser, a publication intended to serve the Financial Services industry, about a cold call he received personally last week and which is yet another illustration of why this practice of cold calling must be stopped. His article went on as follows:- “It is time…
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Start early to plan for retirement.
We live in a time when the state pension age is increasing, the number of DB (Defined Benefit) Pension Schemes open to new members is decreasing, and more and more individuals will rely on DC (Defined Contribution) Pension Schemes in their retirement. As a result of Auto Enrolment, it’s true to say the more people…
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Claire Trott: Public still has it wrong on pensions versus property
Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. This survey has been run numerous times in recent years and it…
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Pension cold-calling ban to be in place ‘by June’
A ban on pension cold-calling will be put into law by June this year after the government introduced amendments to the Financial Guidance and Claims Bill. The Bill, due to reach the House of Commons report stage on Monday 12 March, now includes a cold-calling ban and pension guidance provision. The Work and Pensions Committeesaid…