Planning the future you want

Turbocharge your pension

Shopping Around For A Better Deal

Shopping Around For A Better Deal

Research conducted by the Pensions Policy Institute for LV= has found that in 2016, there were around 30,000 people who took out an annuity with their existing provider and missed out on additional income by not shopping around. In total, they lost out on an additional £130 million, which equates to on average £4,000 over the course of their retirement[1].

SHOPPING AROUND TO GET THE BEST DEAL

Long Forgotten Plans

Long Forgotten Plans

Pension consolidation lets you simplify your pension arrangements and makes it easier to manage your pension savings effectively and efficiently from a single pot.

There is a danger that long forgotten plans could end up in expensive, poorly performing funds, and the paperwork alone can be enough to put you off becoming more proactive.

EASY-TO-MANAGE

Pension Freedoms

Pension Freedoms

The changes to private pensions affect those in a defined contribution pension scheme. This is one where you build up savings (your ‘pension pot’) throughout your life to fund your retirement. Before making any decisions, it’s important that you consider your options and the impact that your decision could have on your tax bill or benefit entitlements.

WHAT BEST SUITS YOUR NEEDS

Consolidating your pension pots

Consolidating your pension pots

What you need to consider to ensure you don’t lose out

Have you ever considered moving and consolidating your pension to another scheme or provider? There are a whole host of reasons why people might want to do this before they reach retirement. Some are looking for better fund performance, lower charges or better death benefits; others are simply changing jobs.

Designing A Custom Investment Portfolio

Pension Reforms

Pension Reforms

How the lifetime allowance reduction could impact on your retirement savings.

The government has introduced comprehensive reforms to the pension rules over the previous few years. One important change, which may have been overlooked by some savers, is the reduction of the lifetime allowance that applies to pension savings.

The lifetime allowance is the total amount you can hold within all your pensions without incurring an additional tax charge.

INFLATIONARY INCREASES

Workers should double their pension savings, says Labour's review

Workers should double their pension savings, says Labour's review

Workers should double the amount they are saving into their occupational pension schemes, a two-year review for the Labour Party has concluded.

The Independent Review of Retirement Income (IRRI) suggests the target for savings should be 15% of salary.

That is a considerably higher level than has been suggested previously.

At the moment the average worker puts just 4.7% of pay into a pension - with most employers making a further contribution of less than 4%.