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Trouble with pensions is a lack of innovation

Recent research conducted by Smarterly, the workplace savings and investment platform, found that two thirds of employers think that pensions are far too complicated and providers are not innovating enough to offer new and progressive products.

Contributor: Steve Watson, head of proposition, Smarterly | Published: 4 May 2020

Pension savers aren’t being too quick on drawdown

Anyone using drawdown to provide income must understand and be comfortable with the fact their capital and income can fluctuate and they could end up running out of money entirely. They must also be comfortable with reviewing their drawdown plan regularly; we’d suggest following this ten point plan every year.

Contributor: Nathan Long, Senior Analyst - Hargreaves Lansdown: | Published: 5 February 2020

Employees face ticking time bomb as they approach retirement

Employees are often ill-prepared for the complex retirement challenges that lie ahead with many struggling to understand essentials such as tax, inflation risks or how investments and retirement income products work.

Contributor: Jonathan Watts-Lay, Director, WEALTH at work | Published: 27 January 2020

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Employers must do more on pensions’ engagement

“Auto enrolment has the potential to be a real game-changer in helping people with their retirement plans. Employers have a key role to play in making it successful and if they don’t step forwards this could be bad news for them and their employees.”

Contributor:  James Brown, Corporate Adviser - Chase de Vere | Published: 21 January 2020

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Pension ‘wake up packs’ new incoming rules

Hopefully the simplification and increased frequency of the ‘wake up packs’ will encourage individuals to take an interest in their pension and retirement earlier. The new packs should be significantly easier to understand. The packs should also make it easier for individuals to decide how they are going to manage their money in retirement, hopefully be wise to potential mistakes, and encourage them to put more aside for their retirement. 

Contributor: Jonathan Watts-Lay | Published: 15 November 2019

Pension Dashboard consultation – how will the DWP respond? 

The Government still has to bring forward a Pensions Bill in order to make Pension Dashboards a reality. In the present political climate that means we shouldn’t take anything for granted until the scheme is actually up and running.”

Contributor: Tom McPhail | Published: 5 April 2019

What ten years of Quantitative Easing has done to our pensions

Defined benefit pensions are looking rosier, aggregate shortfall has fallen to £23.1 billion from £204.7 billion… but it’s been a rocky ride, the shortfall grew as large as £413 billion despite increased contributions. Pension fund values have been rising

Contributor: Nathan Long | Published: 3 March 2019

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Can Pension Ombudsman’s new powers deliver? 

Responding to the Department for Work and Pensions consultation, which explores ways to facilitate early dispute resolution, Samantha Brown, pensions partner at Herbert Smith Freehills, argues in favour of the Ombudsman's representative having a role in dispute mediation.

Contributor: Samantha Brown | Published: 22 January 2019

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Struggling pensioners increasingly gambling on the stock market

In the six months to March 2018, sales of annuities worth between £10,000 and £30,000 were 26.8 percent down to 9,143 in just two years. Sales of annuities worth between £30,000 and £50,000 had also plummeted 27.7 percent to 6,243. 

Contributor: Steve Wilkie | Published: 11 January 2019