Pension Drawdown Investment Strategy – An Overview The pension freedoms delivered a new option for those approaching retirement – flexi pension drawdown. Pension Drawdown offers a number of potential advantages over an annuity but it also has risks. One of the main risks of Drawdown is running out of money in retirement. To avoid this unwelcome…
What Is A Reasonable Pension Exit Fee? A pension exit fee is defined as the amount charged by a pension company when an individual transfers their pension fund to another provider. In this post, we consider how exit fees are calculated, what we believe to be reasonable (and what is not) and future potential Government…
What Are Your Best Pension Options? Until recently there was limited scope when considering your best pension options. All that changed with the new pension freedoms (effective April 2015). You now have five main options: Flexi Pension Drawdown. Guarantee a fixed income for your lifetime using an annuity. Take all, or part, of your pension as a…
Before the new pension and tax rules (April 2015), the options available at retirement were limited and you could only access your benefits in a way prescribed by your annuity provider, or the Government Actuary’s Department through what is now known as “capped drawdown”. The introduction of flexi-access pension drawdown added another retirement option to…
Calculating Your Final Pension Fund Value When first meeting with clients we often find they have no real understanding of their total final pension fund value. Without this information, it is impossible to calculate what their income in retirement may be. Unfortunately, some clients are shocked to learn how little their carefully invested funds will…
3 Typical Pension Plan Problems Identified During A Review As experienced independent financial advisers, we regularly carry out impartial reviews of clients pension arrangements. Time and again we come across the same issues, each of which can have a significant impact on our client’s retirement fund. Just to be clear, we’re talking about pensions collectively…