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Retirement
Pension Regulation Changes Cause a Third of Retirement Savers to Consider Investing in Buy-to-Let Property
New analysis by Direct Line for Business (DL4B), the small business insurer, reveals that a third (32 per cent) of people aged 45 – 64 with a pension would consider using some or all of their pension pot to fund the purchase of a buy-to-let property as an alternative to a traditional pension income funded by an annuity. [Read more…]
The DWP consultation on pension charging ended on Thursday 28 November 2013, the Government has proposed a pensions cap at 0.75%.
Legal & General believes the proposed cap will be ineffective in driving down costs, and not tackle the big problem of legacy pension schemes where savers could be getting a poor deal. [Read more…]
Retirement
Increasing longevity adds up for pensioner households, MetLife analysis shows
The average UK pensioner household faces a £111,400 tax bill in retirement as increasing longevity means pensioners are living on average up to 19 years past the age of 65, new analysis from MetLife shows. [Read more…]
Threat to Pensions
In some countries – Argentina, Hungary, Portugal – governments have already expropriated private-sector pension funds as a means of dealing with serious financial problems. There are “warning tremors” that such policies of seizure could spread to developed nations, warns FT commentator Tony Jackson. [Read more…]
Looming Pension Crisis
Britain’s workforce needs “a new age of personal responsibility” to avert the looming pensions crisis, the latest Friends Life Visions of Britain 2020 report, entitled “Pensions: The Root Problem”, warns today. [Read more…]
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