Category: Pensions

  • Investing in your child’s future

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    by

    Arthur Beverly
    in ,

    For clients wanting to invest for their children’s future in something more adventurous than a child savings account, there are three main options: a Junior Isa, a Junior pension or a Bare Trust investment account. The purpose of these accounts varies significantly, and there are considerable differences in how they can be accessed, tax treatment,…

  • Over 60s miss out on thousands of pounds of pension savings

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    by

    Arthur Beverly
    in

    Savers over the age of 60 are throwing away up to £1.75bn in pension contributions by opting out of their workplace schemes, according to Royal London. The mutual insurer analysed its own figures, which indicated a 23 per cent opt-out rate among the over 60s compared with 10 per cent across all other age groups. According to…

  • Retirement Confidence Is On The Rise

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    by

    Arthur Beverly
    in ,

    I read this little nugget, in an article in one of the technical papers namely Financial Reporter. Good news I thought, but the sting in the tail is that 10% of those polled don’t have any pension savings, just over a third have given no thought to how much they might need in retirement and…

  • Pension Freedoms – Good or Bad?

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    Arthur Beverly
    in

    HM Revenue & Customs’ most recent figures show a total of £21.7bn has been cashed in from pension pots since the freedoms were introduced in April 2015. There has been a steady increase in the funds being withdrawn year on year with almost five million withdrawals having now been made using the pension freedoms. There…

  • Beware Pension Scams

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    by

    Arthur Beverly
    in

    Pension scams have cost savers a shocking £4bn, according to a Times piece at the weekend which highlighted how cases of mis-selling rose sharply after 2015 – when pension freedom was introduced – while more than 100,000 people transferred out of defined benefit schemes last year. Continuing down that line, it also says pension transfers…

  • 300k Unadvised retirees exposed to drawdown danger

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    by

    Arthur Beverly
    in

    I’ve just been reading a report which said that hundreds of thousands of unadvised drawdown investors are unaware they can scale back or even stop their withdrawals, according to new research from a major pension provider. In April, the Company concerned carried out an online survey of 2,028 adults aged over  the age of 55…