Final Salary Pension Transfers – are they worth the risk?

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% […]

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‘Lifestyling’ – the real threat to your lifestyle in retirement

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 […]

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Pension Drawdown Changes

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 […]

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