Category: Retirement Planning

5 Results Shown

Pensions Freedom Index based on 52,000 consumer actions

The Pension Freedom Index (PFI) has been running now for two years, so what can we say about pension freedom? Firstly, it is clear that pension freedom has engaged consumers. Pensions have become less boring and there is a greater sense of ownership of an asset which, for many people, is only second in value to their home. The data supporting the PFI shows that the users of EValue’s Pension Freedom Planner are exploring all the different options before deciding on their preference. There are also some interesting differences between the PFI and the statistics collected by the FCA over broadly the same period. The FCA statistics show that ov ...


Additional contributions to a Pension or a LISA? – 5 Things to think about

Back in March this year, a new type of ISA, known as the Lifetime ISA (LISA), was introduced in the budget by the then Chancellor of the Exchequer, George Osborne. The LISA, which is due to be launched on 6 April 2017, offers the same tax free savings as a normal ISA but with one major difference. Under a LISA, the Government will contribute an add ...

How to create a Brexit-Proof Retirement Plan

Following the UK’s vote to exit the European Union (EU), the financial markets have been thrown into a period of uncertainty which could last for many years until the UK’s relationship with the EU and the rest of the world is clarified. This should raise the alarm for advisers and their clients relying on drawdown for their retirement income. I ...

One year of pension freedom

The Pensions Freedom Index has proved itself to be an excellent predictor of the outcomes from pension freedom. In the first quarter’s results, although flexible income unsurprisingly surged (it had not been an option previously for most retirees), interest in guaranteed income was still strong. In addition the numbers interested in cashing their ...

Pension Freedoms – How to ensure your clients make the most of their pension savings

Currently, individuals have little choice over what they can do with the money they have saved in a pension when they reach retirement. They can usually take up to 25% of their pension pot as tax free cash with the rest being used to provide them with a pension. This is normally done by purchasing an annuity (a type of insurance policy that provide ...