Loyal North Plc

19/08/2015

How much savings do you need for your retirement?

http://www.ft.com/cms/s/2/b3ba77a2-18cd-11e5-a130-2e7db721f996.html

Sweeping reforms to retirement savings rules this year have put pensions in the spotlight, but half of UK workers still have no idea how much they have saved into a pension scheme, according to Aegon, the Dutch life assurer. And the affluent are not

18/08/2015

Thinking about having more control of your pension money? Here are some basic facts about the SIPP

https://www.moneyadviceservice.org.uk/en/articles/self-invested-personal-pensions

Find out about SIPPs (self-invested personal pensions) and whether this type of pension could work for you

17/08/2015

Aging population: how big of a problem is it?

http://www.theguardian.com/society/2015/jul/21/politicians-challenge-ageing-population

17/08/2015

Frozen pensions: are the rules fair or not?

http://www.theguardian.com/money/2015/aug/15/keith-vaz-frozen-pensions

If I retire to my ancestral home in India, my UK pension rights will be stripped from me

17/08/2015

Be aware of scammers …

http://www.theguardian.com/money/2015/aug/07/over-55s-targeted-scammers-exploit-pension-freedoms

17/08/2015

Pension reform: what is the fallout?
The annuity specialist Partnership shares have dropped 60 per cent since George Osborne unveiled his pensions reform. Partnership on Thursday provided further evidence of the pain it has felt after the UK chancellor set out plans to liberalise rules governing how pensioners can access their retirement pots.They will no longer be effectively forced to buy an annuity, which turn savings into regular income and account for 82 per cent of the total value of premiums.
First-half operating profits at Partnership specialising in offering better deals for drinkers, smokers and sick people, dropped 44 per cent to £33m. Annuity premiums tumbled from £590m a year ago to £334m.

http://www.ft.com/cms/s/0/2fd78c80-2397-11e4-8e29-00144feabdc0.html?siteedition=uk

17/08/2015

Pension reform: you now can cash out your pension at 55 ... or may be not?
The government is trying to prevent millions of savers “trapped” in older, poor-value pensions from facing hefty exit charges to access their cash under new pension freedoms. But pension providers are not forced to apply the new rules to existing schemes, meaning some savers in older contracts face paying exit fees. In some cases this could wipe out half the value of their fund if they wanted to get their hands on their cash.
So, it is freedom ... but at some cost.

http://www.ft.com/cms/s/0/858233b2-1c8d-11e4-88c3-00144feabdc0.html