Types of Pension Plans
Is Investing In Property Really A Good Pension Plan?
Bank of England chief economist Andy Haldane has opened a debate on property v pensions with some controversial comments about investing. He argues that while Britain has a housing crisis with too few homes, prices will keep rising and outpace traditional pension investments such as shares and bonds. But looking at stellar price growth…
Continue readingYoung savers expect too much from their retirement
Savers are piling cash into their pensions but still have an unrealistic idea of the sort of retirement they can afford, says a new survey. Younger savers are managing to save £5,000 a year for a pension or as a deposit on a home of their own, says financial firm Scottish Widows. Three-quarters believe…
Continue readingPension Funds Show Worst New Year Start For Years
UK pension funds have turned in their worst performance in seven years, according to a new survey. Shockingly, less than a fifth of the country’s 5,921 registered pension funds posted growth in January 2016, with the average pension fund showing a loss of 2.5% – last surpassed in January 2009, when funds were 3.5%…
Continue readingDownsizing leaves millions short of retirement cash
Downsizing rather than saving into a pension is a gamble that rarely pays off and is more likely to leave people short of money when they retire, according to new research. A study estimates that more than 3 million homeowners shun saving into a pension in favor of downsizing to a smaller property –…
Continue readingPension Freedoms: Considering your options is key for savers
Under recent UK pension legislation changes, retirement savers now have the freedom to draw their pension as cash and spend the money how they like – or do they? Whilst the rules have changed, the regulator’s stance on consumer protection has not. Before The probability is anyone with a defined benefit or final salary…
Continue readingPensioners save half as much as they need for retirement
British pensioners are only saving half as much as they should build a cash pile to generate the money they need to fund a comfortable retirement. Over the 50s were quizzed about how much annual income would fund different levels of retirement lifestyle and how much savings that would be required to generate the…
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