The FCA is currently finalising its Retirement Outcomes Review, looking at the retirement choices made by pension investors. Amid concerns that people might run out of money in their retirement, a new Hargreaves Lansdown research paper sets out a solution to the conundrum of how to help the retire-as-you-go generation manage their investment and income withdrawal strategies in retirement.
Published: 5 April 2018
The value of well thought out planning from early on should not be underestimated and more should be done to help employees with this. A well-structured retirement plan can help employees understand what they need to be doing now, so that they can enjoy a comfortable standard of living once they stop work.
Published: 13 March 2018
Pension rules get tweaked, trimmed, altered and added to almost constantly. With all this tinkering it is little wonder that people are confused when it comes to properly planning for their life after work. We hear a wide range of queries and questions: how to get a bigger retirement pot; how flexible the retirement rules are; and what happens if I die are among the most common.’
Published: 11 March 2018
The Financial Services Industry charges fees on all investments – that’s how they get paid for the advice they offer and the work they do setting up and managing funds and portfolios. In principle that is fine – but even financially savvy people have no idea what these fees are or the impact these fees have on the value of their retirement fund.
Published: 6 March 2018
The New Year is the perfect time to take stock of our finances. Employees who are retiring and have a defined contribution (DC) pension will have a number of decisions to make given the freedom and flexibilities. WEALTH at work have created a list of top 10 considerations for employees who are thinking about retiring in 2018. Do employees understand all their options?
Published: 16 January 2018
Between the decline in the use of traditional defined benefit plans (pensions) and the heavier reliance upon defined contribution plans ... View Article
Published: 22 October 2017
While plenty of people are duly committed to saving for retirement through 401k, IRA or other nest egg-inducing personal finance plays, however devotedly and even over many years, it turns out several may actually be suffering a false sense of security.
Published: 31 July 2017
One key thing, which many don’t realise is that they are unlikely to need the same level of income in retirement as they did in their working life. Top things employees should consider when planning for retirement. Comment from Jonathan Watts-Lay, Director, WEALTH at work.
Published: 1 June 2017
A new study from equality think tank, the Fawcett Society, has found that young women are typically relying on their partners to provide financial security in retirement, with a projected 40% pensions pay gap expected. It attributes this disparity to women reducing the amount they invest in retirement savings in order to cover rising childcare costs.
Published: 11 May 2016
UK employers are anticipating a significant skills gap when baby boomers retire over the next two to five years and are already taking steps to mitigate the risk.
Published: 16 November 2015