Investment Life & Pensions Moneyfacts: Lifetime Savings Product – A crystal clear concept

July 15, 2015 Leave your thoughts Lifetime savings product - a crystal clear strategy

This article was originally commissioned and published in June 2015 for Investment Life & Pensions Moneyfacts publication. Tom Murray argues that merging ISAs and DC pensions to create a lifetime savings product would transform the savings landscape and bring some much needed clarity. Lifetime Savings Product – A crystal clear […]

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2015 UK budget expands pension freedom strategy

April 23, 2015 Leave your thoughts elderly couple skiing colour

Eat, drink and be merry for tomorrow we die… Oops, maybe not! It’s difficult to understand what the current government’s policy to deal with the ageing UK population is supposed to be. For most of the nineties and the noughties, international bodies were warning all governments that the increasing longevity […]

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Canada can learn from UK pension reforms

December 4, 2014 Leave your thoughts Canada can learn from UK pension reforms

The UK Government has embarked on a major reform of the pension regulatory environment. Prior to this, the UK‘s policy was to encourage pension saving by giving tax breaks to regulated pension savings schemes, as a quid pro quo, but demand that the retiree use the money saved to support […]

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Lovely, Jubbly – pension’s freedoms brings opportunity for the Del Boys

October 24, 2014 Leave your thoughts Lovely, Jubbly – pension’s freedoms brings opportunity for the Del Boys

The current spate of pension reform is posited on the idea that pension money is the saver’s own money and that therefore they should be entitled to do what they like with it. However, the ageing population means that supporting people through their old age will become ruinously expensive for […]

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Latest pension changes undermine the case for pension tax relief

September 29, 2014 Leave your thoughts

The Conservative Party has been heartened to hear that the Chancellor is responding to the attacks from UKIP with a straightforward appeal to the grey vote. He will announce to the party conference today that he is changing the tax rules that apply to income drawdown pots post the death of the pensioner; the so-called death tax that applies to the family who cash in the pension fund. From now on, this will only be taxed at the marginal rate, if the pensioner is over 75 when he dies and will not be taxed at all if the pensioner dies before that age.

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When the eternal optimism of youth is dangerous

June 18, 2014 Leave your thoughts

A recent survey by Blackrock’s Global Investor Pulse showed that young people aged between 25 and 34 have a stark problem. They believe they need at least £54,000 to live on in retirement. That’s fine; except for the fact that they also believe they need to accumulate a lump sum […]

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Antipodean pension’s strategy is the opposite of our own

April 15, 2014 Leave your thoughts

Just as the Chancellor decides that people are experienced enough to make the right decisions on pensions, evidence from Australia has surfaced to show that this may be completely the wrong approach. In the Australian superannuation system, the money that has been accruing into ones pension fund at retirement can […]

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Pension’s regime collapses like a House of Cards

March 25, 2014 1 Comment

Is the recent pension reform by Chancellor George Osborne, which has caused mayhem in the post-retirement market, a stroke of genius or a political masterstroke worthy of Machiavelli? The scale of his reforms took everyone by surprise, last Wednesday; in particular, the abandonment of the compulsion to buy an annuity […]

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TechLife Exaxe Newsletter: February / March 2014

March 4, 2014 Leave your thoughts

The February print edition of TechLife is now available online. TechLife is published every quarter and is filled with news, opinion pieces, white papers and information on legislative changes within the life and pensions industry in the UK and abroad. If you wish to receive a hard copy of TechLife […]

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Pension kite flying is not constructive

January 7, 2014 Leave your thoughts

Minister Steve Webb has obviously had a lot of time to think over the Christmas and with great enthusiasm he announced his latest brainwave in an interview with the Sunday Telegraph on the 5th January. Why, opined the minister, can’t people switch their annuities just like they switch their mortgages […]

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