There has been a significant surge in the number of people considering moving their British pensions out of the UK, triggered by the Brexit-battered pound.
There has been a significant surge in the number of people considering moving their British pensions out of the UK, triggered by the Brexit-battered pound.
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Bank of England Governor, Mark Carney’s announcement today to slash interest rates and boost QE, is another slap in the face for pensioners and savers.
The series of post-Brexit recession-busting measures include cuts to interest rates to 0.25 per cent, and a boost to Quantitative Easing by £60bn.
Bank of England Governor, Mark Carney’s announcement today to slash interest rates and boost QE, is another slap in the face for pensioners and savers.
The Read More
UK pensions are looking ahead to an unparalleled level of risk following Britain’s decision to leave the EU.
There are several factors that together could have a severely negative impact on retirement savings.
Since the historic 23rd June referendum, individuals with UK pensions must realise that their savings are now in the eye of the perfect storm.
There are four crucial factors that could deal a crushing blow to people’s retirement ambitions.
First, since the Brexit Read More
As the result of last Thursday’s referendum continues to sink in, and what the Leave victory will mean for personal finances, Brexit will be a trigger for more individuals to transfer their British pensions out of the UK.
It will come as little surprise that demand for HMRC-recognised pension transfers will increase considerably as a result of the UK deciding to leave the EU.
As the result of last Thursday’s referendum continues to sink in, and what the Read More
The BHS and Tata Steel pensions crises should act as a stark wake-up call for the 50 per cent of individuals with final salary pensions, who are complacent to the alarming risks that burgeoning deficits pose to their retirement funds.
The BHS and Tata Steel pensions crises should act as a stark wake-up call for the 50 per cent of individuals with final salary pensions, who are complacent to the alarming risks that burgeoning deficits pose to their retirement Read More
8 out of 10 workers underestimate how much they will need to save for retirement according to a recent poll carried out by deVere Group.
From more than 600 potential and new working age clients in the UK, the U.S., Australia, France, South Africa, Hong Kong and the United Arab Emirates, 78 per cent were unaware of how much money they would need to achieve their retirement goals - until they started working with an independent financial adviser.
8 out of 10 Read More
An international poll undertaken by deVere Group in the last two months of 2015 revealed that high net worth individuals’ top three financial resolutions for 2016 are to build funds for their retirement, to more regularly review their investment portfolios, and to save more to leave for their loved ones in their wills.
An international poll undertaken by deVere Group in the last two months of 2015 revealed that high net worth individuals’ top three financial Read More
Should the government go ahead with a major raid on final salary pensions, it will almost certainly trigger a significant increase of pension transfers out of Britain.
Government ministers have reportedly held recent secret meetings with the pension industry, where plans were suggested to cut the limit on final salary (defined benefit) schemes by as much as 25 per cent.
Should the government go ahead with a major raid on final salary pensions, it will almost Read More
An article in City AM , one of the leading newspapers in London and the home counties, reports on research that shows the majority of individuals in the UK will face a shortfall in their pension pots.
It says this amounting to thousands of pounds each year, as they are severely underestimating how much they will require to live a comfortable lifestyle in retirement.
An article in City AM , one of the leading newspapers in London and the home counties, reports Read More
I am wholeheartedly backing the move made by HMRC today to remove Australian superannuation funds from its official recognised list of Qualifying Recognised Overseas Pension Schemes (QROPS).
Despite the fact that Australian superannuation funds are stringently regulated, since the ‘pensions age test’ came into effect on 6 April this year, they no longer fulfil the requirements in order to be considered a QROPS, as they allow the over-55s early pension drawdown.
I am Read More
The government’s mismanaged and rushed pension reforms could see up to half a million people affected as a result of the imminent unlimited access to pension pots.
With the general election looming, which in my view is intrinsically linked to the government’s haste to roll out these changes, individuals will be given unrestricted access to their pension savings in just two weeks’ time. The government’s mismanaged and rushed pension reforms could see up Read More
This year’s Budget, last of this current parliament, has been branded in today’s Telegraph as ‘a triumph of electioneering over economics.’
And I can see why. The Chancellor wheeled out a series of policies aimed at the over 55s - who are those most likely to vote in the election and those who are, coincidentally, most likely to vote Conservative. This year’s Budget, last of this current parliament, has been branded in today’s Telegraph as ‘a triumph of Read More