Risk Forecasting Is A Risky Business When you meet with a financial adviser to discuss any potential long-term investment (including pensions) their first step will be to gather details of your personal and financial circumstances. They will then assess your risk profile taking account of your objectives, attitudes to risk and capacity for loss. Advisers…
How Much Can I Take From My Pension Fund? How much can I take from my pension fund each year and be sure I do not run out of money in retirement is a common question we are asked. With the introduction of Flexi-Access drawdown, increases in life expectancy and ongoing uncertainty in financial markets it is…
Using A Pension Lump Sum To Pay Down Debt Once a pension holder reaches 55 years old they have the option to take up to 25% of their pension fund tax free. Leaving a pension fund intact to continue to grow is the best option for most but there are circumstances when taking a lump…
Drawing A Pension While Still Working It all used to be so simple. When reaching retirement age the options were limited and there were few decisions to be made. Most people knew what income they could expect from their pensions month on month. They could cut their cloth accordingly and live out the rest of…
Why is one investor more successful than the next? Is it experience, is it skill or is it luck? Perhaps it is a combination of the three? Perhaps basic human psychology has more of an impact on the decision making process than we care to recognise. So what are the typical reasons an investor fails…
How To Choose The Right SIPP – Factors to Consider Choosing the right SIPP is a far from straightforward exercise. There are many different options and a direct comparison can often be difficult. In this post, we attempt to cut through the mass of detail to summarise the key points to consider. A Self Invested…
Pension Drawdown Charges – An Overview When considering your retirement options it is important to fully understand pension drawdown fees and charges to make an informed decision. Fees and charges can reduce the value of a pension fund in drawdown by tens of thousands of pounds over the long term. It is important to choose…
Pension vs ISA – What is the best option for the over 50’s When saving for retirement is it best to save via a pension or an ISA? Perhaps a mix of the two is the best option? We look at the advantages and disadvantages of each. There are two main types of pension defined contribution and…
What Are The Death Benefits In Drawdown Flexi-Pension drawdown was introduced as a retirement option in April 2015. We have talked about the potential advantages of drawdown (and risks) elsewhere on this blog. One potential benefit will not actually help you at all (because – to be blunt – you will be dead) but it…
Managing Risk In Retirement One of the issues to consider when preparing a retirement plan is managing risk. In this post, we discuss the key risks that can impact on the value of a retirement fund and the best way to manage those risks. The Key Elements Of Risk When anything is uncertain or unpredictable there is…