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Articles

Making your pension money last

Pension Freedoms have effectively placed the responsibility for making a robust pension decision on the pensioner as the previous risk-averse norms have been set aside. For many people it would appear that the new norm will be rapid draw-down of cash and the repayment of debt, leaving little more than the state pension for retirement. This new “normal” is mostly…

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Buy to Let – still an option?

Recent taxation decisions announced by the Chancellor do not seem to be putting some people off as I am still being asked about Buy to Let, (BTL), as an investment strategy. I have an issue with Buy-to-Let as running a small property empire is not a sinecure and has not been for some time. An article in the Telegraph on…

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Investment is a Risk Business

The press has been busy over the weekend with articles about professional footballers and their more unusual investment and losses. Some of these accusations have spilled into the specialist financial media, as there have been comments over the commissions or fees taken on some of these transactions. From the mainstream press, here are some examples: http://bit.ly/1RI6EnU http://ind.pn/1MjrwhD http://dailym.ai/1PK72TN From the…

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Retirement – do the public and the government really have a clue?

Two headlines have cropped up in the financial press recently that suggest that we are heading for yet another retirement income disaster. These are both taken from the New Model Adviser on the 3rd November 2015: “Pension Freedoms: Savers withdrew £4.7Billion since April” and “Pensioners to run out of cash by age 75, report warns” (For the full articles, please…

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The rise of Peer-to-Peer lending and investments

The Internet has brought in a few new ways of doing business and one of them talked about cutting out the “Fat Cats” of banking. Peer-to-Peer lending matches up willing lenders to willing borrowers and boasts a smaller “turn” between the two. For the uninitiated, the “turn” is the difference between the amount paid to the lender and the amount…

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Pension Income Choices: Defined Benefit Schemes

The last article covered the pension income choices offered by defined contribution, (also know as money purchase schemes), which embraces all of the choices offered by Pension Freedoms for April this year. For a defined benefit, (or final salary), scheme there is a clear and almost brutal dichotomy – which can be summed up as “take it or move it”…

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Pension Income Choices; Post Pension Freedom

The last time I did a summary of the pension income options was March 2011 and a lot has changed since then! All of the possibilities below are for defined contribution, (money purchase), schemes only. If you are a potential client, use this as a check-list of possible options and as a way of managing expectations in terms of income,…

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A Young Adult’s Guide to Buying a House

For someone who has been working for a few years or has graduated and has a steady career, the next big financial goal is usually a home of his or her own. Much press coverage has talked about the “Boomerang Generation”, (offspring returning to the family home every few years, driven by unemployment, poor health or a bad partner choice),…

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What has happened with Pension Freedom?

New figures released by the Financial Conduct Authority suggest to me that Pension Freedoms have been quite successful in getting people to access their money in new and novel ways, but not entirely sensibly. Since April 2015, The Association of British Insurers, (ABI), say that £2.5Billion has been accessed, with £1.1Billion going into some form of drawdown contract. The FCA…

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The Value of Financial Advice, (according to Unbiased)

Recent research by Unbiased suggests that the value of advice can be many times the cost. In terms of the working population, this titbit may come as a bit of a surprise as the level of take up for financial advice is still very small. Unbiased used a figure for advice on a pension of £580, which is in line…

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