“FCA: Retirement wake-up packs must start at 50”

Jun 29, 2018 | Retirement

Are they having a laugh? The next generations, who won’t have even a tin-plated pension, will at 50, have not retirement, but another 20 years or more of working life to plan! The regulator’s new ‘Retirement Wake-Up Packs’ are supposed to make sure that those without advisers use their pensions sensibly. Problem is, those without advisers are unlikely to have anything other than a few small workplace pensions to use, sensibly or otherwise. So. Not a great deal to look forward to. See you all in the free coffee queue at Waitrose.

Read more here

pensions news 1
“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.

“Annuity rates soar to 14-year high”

“Annuity rates soar to 14-year high”

I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.

“Retirement Income Group Backs Elton John”

“Retirement Income Group Backs Elton John”

Rock stars who’ve actually made it to retirement age have become great examples of the ‘why retire at 60/65/70 or even 75’ trend. Many healthy enough to carry on working can’t and won’t be able to afford to retire, of course, with the death of final salary pensions, shrinking state benefits and low savings rates.