30th March 2020 – With recent and ongoing events relating to the financial markets & Covid-19, our Principal adviser, Michael Garvey, provides clients of Glasgow Wealth with our current approach and thinking… He knew quite well that it was plague and, needless to say, he also knew that, were this to be officially admitted, the […]
With recent and ongoing events relating to the financial markets & Covid-19, Michael Garvey provides clients of Glasgow Wealth with our current approach and thinking… “Everyone has a plan until they get punched in the face” Mike Tyson Ten weeks into a new decade and the year has already made its mark in the history […]
The number of individuals transferring out of final salary (defined benefit) pension schemes has reached new highs as evidenced by the reported increase in transfer volumes. Willis Towers Watson – the prominent defined benefit pension administrator – for example reported that pension transfers out of their clients’ schemes had increased by a factor of 500% […]
Over the last few years, one trend that came into vogue in retirement planning (particularly corporate pensions) has been so called ‘lifestyling’. This is where the pension provider’s investment strategy works towards a target retirement date (or perhaps a default date across the scheme nominated by the sponsoring employer). Early in the career of the […]
On 6th April 2016, significant new pension legislation will come into effect that will markedly increase the number of pension savers and scheme members who may be affected by the lifetime allowance (the limit on value that may be saved within a pension scheme without incurring significant capital tax charges). The current allowance of £1.25m […]
Pension funding changes for high earners On 6th April 2016, we will see the introduction of new pension legislation in respect of the annual allowance; the annual limit on which pension funding may attract tax relief, subject to earnings. In recent years, the annual allowance has already been reduced by 84% from its zenith of […]
Pensions reform extends flexibility for retirement savers. Michael Garvey explains the Government’s latest pension carrot and what the stick is this time. Sweeping changes to pension legislation have transformed the flexibility available to pension policy-holders and their rights to access benefits from age 55. This throws the door open for the reckless to completely decant […]
