The new pension legislation was implemented yesterday and the majority of life offices and financial advisers are back at work today.
It looks like clients have been working our advisers hard and perhaps going direct to pension providers too? Read more
Pensions and retirement income options have had a lot of media coverage over the last 12 months, since the budget last March.
The flexibility and income, annuity or cash options provided are fantastic. You will shortly have the freedom to use your pension fund as you wish. This is great news if you have other income options and assets to draw from. Read more
You are probably well aware that on April 6th the changes to pension legislation mean that you could access the whole of your pension fund for your retirement if you wish? This assumes that you are in the right type of pension fund and have control over it; a Personal Pension or similar. Read more
This year has been an exciting year for IFAs in terms of new legislation for pensions and ISAs (NISAs). The new legislation should help IFAs generate more business as people engage with the need for advice around the changes, particularly the pension legislation. Read more
George Osborne announced what looked like significant improvements to pension legislation for April 2015 at the Conservative Conference earlier this week.
The radical changes would mean that you can inherit pension funds from your parents. This could lead to generations benefiting from using a parent’s pension fund. Read more
The government has nearly halved the incremental increase to the state pension offered to people that opt to defer their state pension.
The Pensions Minister Steve Webb said that individuals who chose to postpone their drawing of the state pension beyond the state pension age would get a 5.8% a year increase for each year deferred, down from 10.4% currently. Read more