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…
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…
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…
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…
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…