Yearly Archives: 2011
22
2011
The Association of British Insurers (ABI) is looking to help people improve their pension income. It has recently launched a consultation paper on a new code of conduct for insurance companies on the open market option, with proposals including the requirement …
22
2011
The impending introduction of Solvency II–type regime for pension schemes would be a “nightmare scenario” for the UK and would kill off defined benefit pension scheme provision entirely, politicians warn. Pensions minister Steve Webb recently urged pensions professionals to use their wide …
21
2011
Something a bit different saying as it’s Christmas, a pensions and annuities Christmas medley for you to sing along to. The power of song should never be underestimated, especially at this time of year. A good old carol singing extravaganza …
21
2011
Unlucky sixty-something Brits retiring this December are being clobbered with possibly the worst annuity rates that will ever exist, industry experts are warning. And all this comes on top of a stockmarket hammering for those still invested in shares. The annuity income available from each …
20
2011
You will be able to utilise flexible drawdown for the protected rights portion of your personal pension plan – if you have such – from April 2012 under the terms of the Finance Bill. Protected rights are pension funds made up from contributions …
20
2011
I was having lunch with my son recently and was quite surprised when he brought up the topic of pensions and your pension choices. When I was in my early 30′s I knew nothing about pensions other than the fact …
19
2011
2011 started with great hopes for private pensions. Flexible drawdown was to be brought in, allowing those amongst us who could first secure a minimum regular income to draw down as they wished from their pension funds. However, flexible drawdown turned out to …
18
2011
Quantitative easing has pushed many pension funds further into deficit and severely decreased retirees’ incomes, according to the National Association of Pension Funds (shortened to NAPF). The additional £75 billion the Government decided to inject into the quantitative easing programme earlier this year …
17
2011
The government has confirmed that it will go ahead with changes to pensions for teachers and civil servants, although there has been no agreement reached with unions over the planned increase in contributions from many workers. Both the Department for Education and the …
16
2011
A story of a possibly mis-sold annuity. An 80 year old man suffering from cancer lost around £500,000 after a Royal Bank of Scotland (RBS) financial adviser sold him an annuity from Aviva, which saw the insurance company keep almost …


