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Displaying items by tag: retirement

Wednesday, 15 June 2016 12:25

Neil MacGillivray: I fear more seismic changes

In the lead up to the Spring budget there was a fair amount of speculation about what major (negative) changes were going to be made to pensions.
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Sipp provider @SIPP says there has been a 70% increase in new business for sales in the first quarter of 2016 compared to 2015.
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Retirees who entered drawdown in 2015 could face "a decade of lost income" if volatile market conditions continue as they have been, a pensions firm has warned.
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Annuities may become the most popular option for retirees if Britain exits the European Union in June, the founder of eValue believes.
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More than a third of accountants plan to fund some or all of their retirement using property wealth, a survey suggests.
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A spike in the number of deaths in England and Wales in 2015 - the highest in a decade - was driven by increased mortality in over 75s.
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Research conducted by Barnett Waddingham, the provider of consultancy and actuarial services, has found that UK employees suffer from “major gaps” in pensions knowledge.
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Despite not getting top billing in yesterday’s Budget – unlike the bombshell announcements of 2014 – pensions did still feature.
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Pension holders should be able take out a small amount from their pot to pay for pre-retirement advice, a major review has proposed.

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Radical pension reforms could significantly boost the pension savings of the majority of earners, but at the cost of substantial losses to high earners and major disruption to the industry, a report concluded.
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