Influential sponsor

The Independent, Influential Sponsor

In amongst client work and the various networking events I attended last week, I had an interesting conversation with a finance director of a family owned business who, in my mind, has managed to get themselves into a very nice, independent but influential position with regards their final salary pension scheme. Quite often, I find … Continued

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Desktop dashboards

Dashboards – what’s your strategy?

It felt good to hear the confirmation of the Government’s backing for dashboards announced by Amber Rudd yesterday. I’ve long been an advocate for advancing our industry and the customer experience of it by using technology. In a nutshell, when they become reality, dashboards are going to empower people to make better decisions around their … Continued

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What is a workplace pension?

What is the Workplace Pension – and is it worth it?

What is the workplace pension? The Workplace Pension. Sounds quite scary but it is actually quite simple. Your employer will set it up for you and it is, simply, a tax efficient savings account which you can access in your 50’s, under current legislation. There are rules about the minimum you pay in, and the … Continued

Step 1 of 10 step pensions

What is a personal pension?

What are personal pensions? Personal Pensions are, like the Workplace Pension, quite simple and anyone can set one up.  There are no age limits, even children can pay into a Personal Pension, and they are simply a tax efficient savings account. Personal Pensions are normally run by insurance companies and you will need to shop … Continued

Step 2 of 10 step pensions

So what is the Workplace Pension all about?

Workplace Pensions are actually quite simple and they apply to you if you are employed, are between certain ages (currently 22 and State Pension Age) and earn above a certain amount of money (currently £10,000 for the 17/18 tax year). Every time you pay into a pension, so does your employer, and so does the Government … Continued

Step 1 of 10 step pensions

What on earth is a pension?

Quite simply, pensions are payments that you might get after a certain age. Claiming a pension used to depend on you giving up work, but with new rules introduced over the past few years you don’t have to finish work to draw a pension and you can even finish work and keep saving! But of course, … Continued

Step 1 of 10 step pensions

Ah, the State Pension

Ah, the State Pension. Never has any payment from the Government been shrouded in as much myth and misunderstanding. To be fair, this is due to the complexity of the whole thing and I completely sympathise with everyone who has ever uttered the words “I won’t be getting anything when I retire”, “It’s unfair that … Continued

The path to happiness

Tempting? Maybe, but is it better than an income for life?

So, apparently, 1 in 6 people are planning to take their pension as a single cash lump sum. In case you don’t know, if you are over age 55 on 6 April 2015 you could draw out your whole pension pot as cash. Tempting? Yes.  Especially as the average UK pension pot is worth around … Continued