Count down to tax year end
As we move towards the end of this tax year we have an ideal opportunity to do the things we have been meaning to do all tax year, but never quite managed.
Almost everyone plans for Hogmanay on 31st December …
Pension annuity deals criticised by financial watchdog
The Financial Services Consumer Panel has published the findings of its research into the consumer experience of purchasing an annuity, which shows that the market does not work well for the majority of consumers.
One of the main concerns …
State pension age to increase to 69
State pension age is set to increase to 68 in the mid-2030s and to 69 in the late 2040s.
There are already plans to increase the state pension age gradually from 65 to 67 between 2026 and 2028.
There are …
Keeping track of your pensions
With the UK workforce no longer having jobs for life, it is becoming increasingly common for workers to build up several different pensions with different employers over their working lives.
These workplace pensions coupled with any personal pensions workers may …
OFT calls for pension reforms
An Office of Fair Trading (OFT) study of the defined contribution (DC) workplace pensions market has found some schemes are not offering value for money.
A particular area for concern is older higher charging contracts, may not be delivering value …