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.
Published: 4 May 2020
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.
Published: 5 February 2020
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.
Published: 27 January 2020
“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.”
Published: 21 January 2020
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.
Published: 15 November 2019
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.”
Published: 5 April 2019
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
Published: 3 March 2019
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.
Published: 22 January 2019
There’ll be winners and losers from this new type of CDC pension scheme that collectively pools everyone together. The Government must ensure any new schemes will be flexible enough to cope with the demands of the retire-as-you go generation and their modern working patterns.
Published: 16 January 2019
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.
Published: 11 January 2019