Pensions

Keep up with essential news on pensions and retirement planning, from SIPPs to annuities

How to invest for your children's future 

How to invest for your children's future 

21 Aug 2014

With A-level result recently out and the annual salvo survey’s around student debt published, there has understandably and rightly been plenty of media attention on the ways parents, guardians and grandparents can save for children. Expect more of this when the Junior ISA reaches its third anniversary on 1 November.

Hargreaves Lansdown: Majority of annuity providers are 'making no effort' to offer value 

Hargreaves Lansdown: Majority of annuity providers are 'making no effort' to offer value 

18 Aug 2014

Tom McPhail, head of pensions research at Hargreaves Lansdown, believes that the gap between the best and worst value annuities in ‘widening’, with some companies not even making trying to offer value. 

Don't build your retirement plans on Osborne's pension reforms: Ian Lowes

Don't build your retirement plans on Osborne's pension reforms: Ian Lowes

4 Apr 2014

Government proposals to allow people free access to their pensions are highly likely to be reversed or watered down in the near future, according to the head of a financial advisory firm.

New pensioner bonds 'can fit everyone's portfolio' agree experts

New pensioner bonds 'can fit everyone's portfolio' agree experts

28 Mar 2014

The new pensioner bonds promised in George Osborne's Budget speech ‘can have a place in everyone’s portfolio', but the interest rate may seem relatively less attractive by the time the bonds become available, according to Neil McGillivray, head of technical support at pensions firm James Hay Partnership.

Hargreaves Lansdown: What pension investors should do in the wake of the Budget 2014 reforms

Hargreaves Lansdown: What pension investors should do in the wake of the Budget 2014 reforms

21 Mar 2014

Despite the historic pension reforms announced on Budget day 2014, annuities will ‘still be the right answer’ for many people, whilst others should ‘take advice’ on the best options, according to Tom McPhail, head of pensions research at Hargreaves Lansdown. 

Budget 2014: Osborne pension reforms 'end culture of annuity as default option for investors'

Budget 2014: Osborne pension reforms 'end culture of annuity as default option for investors'

19 Mar 2014

In his Budget speech today, chancellor George Osborne promised that ‘no one needs to buy an annuity' as he unveiled a package of reforms that will ultimately mean an end to restrictions on how people withdraw money from their pensions.

Old Mutual: Annuities are very poor value for money, and here's how to do better

Old Mutual: Annuities are very poor value for money, and here's how to do better

17 Mar 2014

Anthony Gillham, a fund manager on the multi-asset investing team at Old Mutual Global Investors, today told What Investment that ‘annuities have not been enjoying good press of late, and with good reason – they are terrible value for money'.

Sharp fall in sales shows reality of 'nonsensical' annuity purchasing

Sharp fall in sales shows reality of 'nonsensical' annuity purchasing

18 Feb 2014

The news that sales of annuities fell in 2013 to 350,000 from over 400,000 the previous year is a reflection of the fact that annuities are ‘a nonsensical’ option for most private pension investors, according to James Baxter, a partner at Tideway Wealth. 

Annuity buyers badly served by 'jargon' and uncompetitive markets

Annuity buyers badly served by 'jargon' and uncompetitive markets

14 Feb 2014

This morning’s announcement by the Financial Conduct Authority (FCA) that the annuity market is not serving the needs of 80 per cent of its customers has provoked a flurry of reaction from market participants. 

Cavendish Online tries to 'shake up' annuities market with £100 commission deal

Cavendish Online tries to 'shake up' annuities market with £100 commission deal

3 Feb 2014

In a bold bid to undercut other annuity brokers, Cavendish Online has launched an 'annuity comparison service' which it claims will 'save consumers a packet'.

Switchable annuities proposal divides industry

Switchable annuities proposal divides industry

6 Jan 2014

The idea, mooted at the weekend by the government, that annuity holders may be able to switch between providers every few years has garnered a mixed reaction from investment industry professionals.

Which? 'rip-off pensions' campaign to cap charges at 0.5 per cent faces criticism

Which? 'rip-off pensions' campaign to cap charges at 0.5 per cent faces criticism

6 Nov 2013

A campaign launched today by consumer group Which? for the government to impose a cap of 0.5 per cent on auto-enrolment pensions has been greeted by some scepticism.

Cap on pension charges at 0.75 per cent could have 'unintended consequences'

Cap on pension charges at 0.75 per cent could have 'unintended consequences'

30 Oct 2013

Proposals from the Department of Work and Pensions (DWP) to cap the annual charges of some pension schemes at 0.75 or 1 per cent have been given a cautious welcome by some experts, though others warn they could affect the quality of schemes.

NEST limits lifted so staff can save more 

NEST limits lifted so staff can save more 

9 Jul 2013

Employees investing in the government's National Employment Savings Trust (NEST) will be allowed to save more after the government lifted the annual and the total caps on how much an individual could put away.

George Osborne spares pensions from spending cuts

George Osborne spares pensions from spending cuts

26 Jun 2013

The Chancellor, George Osborne, has confirmed that a new cap on the amount people can claim in state benefits will not apply to pensions.

Altmann: Don't make pensioners feel guilty for claiming pension

Altmann: Don't make pensioners feel guilty for claiming pension

29 Apr 2013

Former director general of Saga Ros Altmann has criticised calls from work and pensions secretary Iain Duncan Smith for pensioners to pay back their benefits.

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What Investment Magazine

September 2014