Pension advice news

The government has confirmed its plan to suspend the ‘triple lock’ for annual state pension increases for a year. A key part of previous budget commitments since its introduction in 2010, the triple lock ensures the UK state pension continues to rise each year. The move to suspend it comes in the wake of the economic and social disruption caused by the pandemic, but what exactly does it mean?

Three fishermen, three rods, three price tags, but only one answer. What can fishing teach us about the value of financial advice? Go on, take the bait. 

In the run-up to the Budget, findings from the Financial Advice Market Review (FAMR) are also being released. This has been looking into key issues surrounding financial advice, including whether the UK public can access the advice they need and can afford. Will it sow the seeds of a new kind of advice? Once upon a

They say 'Don't ignore the workplace pension' - but that's exactly what many self-employed people are doing. If you are your own boss, saving into a pension is easy to forget about - but if anything, it's even more important to remember.

You may be excited by the prospect of more choice in retirement – but you’re probably also worried about the risk of getting it wrong. In our guest article, retirement expert Billy Burrows offers a quick and simply guide to the big questions you need to think about first. The words of my school headmaster

If you reached State Pension age before 6 April 2016, you are eligible to boost how much you receive each week by paying a single lump sum. This option poses a complicated set of choices for you, so here’s a quick guide to help you weigh them up. The state pension top-up – what is it,

Since the chancellor, George Osborne, gave his Budget speech, the media has been full of scare stories about people blowing their pensions on fast cars and holidays. But what’s the reality for most people? Jason Butler gives an overview of the options.

Jason Witcombe offers up his best guidance for individuals approaching retirement and reassures individuals that with careful planning one can often retire sooner than first thought. 1. What’s the best advice you would give someone who is approaching retirement? To look at your finances as a whole rather than solely focusing on pensions. That way

THE government have introduced new flexibility for pension savers with small pension pots, allowing them to take their fund as a one-off lump sum rather than having to buy an income with it. HM Revenue & Customs estimates that this will affect around 25,000 people who are aged over 60, who have total pension rights

THE State pension was introduced a century ago when a quarter of working people died before they reached retirement and those who did drew it for an average of just five years. Today we’re all living much longer, so it’s not surprising that the State pension age is set to rocket. What’s changing? The State pension