Almost every financial publication are covering the public sector pension reforms right now, and amid reports of further sweeping to come following the General Election in May, it is a story that is unlikely to go away any time soon. So exactly what is going on in the public sector? Why are there such a […]
QROPS Demand Set to Increase
August 18, 2014
With yet more unfavourable tax legislation on the way for British expats courtesy of Chancellor George Osborne, overseas financial institutions are bracing themselves for another huge spike in demand for QROPS solutions to help counteract the latest plans of the Exchequer. Although under consultation currently, the proposed plan is to make expats pay tax on […]
Future Pensioners Face Working for Longer
July 26, 2014
Bad news has come for Britain’s youth in the form of a report by the Office for Budget Responsibility (ORB). Charged with providing analysis of the state of the UK pension market, particularly state pensions, the ORB have delivered some shocking results. We all knew the UK pension market was on its knees, but the […]
Equity Release Covering UK Pension Shortfall
July 16, 2014
Homeowners have this year been forced to release equity from their homes in record numbers as the grim reality of a shortfall upon retirement hits home. Equity release allows the homeowner to raise money without the need to sell their property, and there are two options available for this method of finance. Either borrow against […]
Young Britain Facing Pension Uncertainty
July 15, 2014
In a poll carried out by UK pension providers, a staggering 74% of those currently in employment had no idea of when they would be able to access their own pension. While most of the UK has now come to terms with the idea of having to work beyond 65, there is much uncertainty surrounding […]
Blurred Lines: Pensions V New ISA
May 22, 2014
Once the entire UK pension scheme is overhauled next year, the way in which savings are accumulated to enable comfortable retirement will be unrecognisable compared to what we see today. The Budget 2014 introduced some huge amendments to pension rules which – after consultation of course- will kick in once we reach April 2015. The […]
Cutting Through the UK Pension Budget Reforms
April 22, 2014
Since the Budget 2014 and the changes to the UK Pension Scheme, there seems to be much confusion from various angles. However the reforms are relatively simple when broken down, the significant changes will not be implemented until April 2015 after industry consultation. In the interim there will be some changes right away. Here we […]
UK Pension Terms Explained
April 21, 2014
Pensions are never far from being in the financial headlines. We all know it’s something we need to be thinking about, but every time we try to read something about it, something more instantly interesting tends to crop up and we brush any thoughts of the future under the carpet for the time being. ‘It […]
As new LTA deadline looms QROPS enquiries to grow
March 17, 2014
Many UK pension holders will face hefty tax burdens when the pension lifetime allowance (LTA) drops from GBP 1.5 million to GBP 1.25 million in April. Yet future retirees are failing to take action to protect their fund across the UK, even with the threat of facing charges as high as 55%. LTA history The […]
SiPP Savers Face Tighter Investment Rules
March 12, 2014
Pensioner savers with self-invested personal pensions (SiPPs) are about to have their investment choice limited by regulators. The Financial Conduct Authority believes too many SiPP savers are putting their retirement cash into risky investments, so is moving to tighten up the rules. The FCA is also looking at altering how much cash SiPP providers should […]
