An ad for ‘PensionBee’ popped up on Facebook yesterday. It’s the future. It’s robo-advice. With just a few clicks you can transfer any old pensions to a brand new one. And it’s cheap; because it’s all down to you. No need for an expensive adviser to get details and projections for your existing plans, make a comparison of charges, funds, contract options blah blah. In fact, it’s as easy as it once was to buy Woodford funds from certain other robots…
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
Not sure how many of us actually fantasise about living into our hundreds nor the extent to which we can prepare for it.
In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.