The pension freedoms allow you to build a financial plan that works for you. But with so many choices, it’s easy to make expensive mistakes. We reveal the 10 biggest banana skins you need to avoid.
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The government has ditched plans to create a secondary market for annuities, which would have allowed pensioners to sell their retirement income for a lump sum.
Retirees with an enhanced annuity from Standard Life may be due redress, as the firm has confirmed it’s been forced by the regulator to review all non-advised annuity sales since July 2008.
A number of annuity holders may be due redress if they were mis-sold a standard annuity when they could have got a higher income from an enhanced deal.
Six months away from the launch of the market for annuity resales, concerns are mounting that there may not actually be a market, because insurers are shying away from involvement.
An increasing number of couples are not making any provision for pension payments to continue to the surviving partner in the event of their death, according to new research by Aegon.
Figures from the Association of British Insurers (ABI) show that in the first full year since the pension freedoms began, the majority of retirees are being sensible.
It’s easy to dutifully pay money into your pension each month without thinking about how much income you will need when you retire.
If the cost of living rose by 3% a year, the spending power of your money would halve in 25 years. At 5%, it would lose half its value in just 15 years.
One in three UK workers fear the state pension will be less generous by the time they come to retire. This was one of the key findings in a survey by pensions and insurance firm Aegon UK.
Annuity rates are continuing to plummet following the UK’s shock referendum result.
How much would you be prepared to spend (or have you spent) on independent financial advice about your pensions and investments in the run up to retirement?
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