Your older pensions could be delivering “poor value for money”, and it could cost you thousands of pounds
If you have pensions from the 1990s or 2000s, the fees you’re paying could be delivering “poor value for money”, research suggests. Over your working life, higher fees can significantly reduce how much you have in retirement.
Pension auto-enrolment means more people than ever before are saving for their retirement. But research highlights that there’s still a lack of knowledge that could harm long-term plans.
While having £1 million saved in a pension can provide you with financial freedom, you still need to put a long-term plan in place to ensure financial security throughout retirement.
Research suggests that some retirees are taking unsustainable sums from their pensions. It could mean they run out of money in retirement, highlighting why it’s so important to consider the long term.
The law changed in 2000 to allow pensions to be split during a divorce or dissolution. Yet, just 1 in 8 couples are doing this and it could leave some people financially vulnerable later in life.
A new survey has highlighted some of the biggest challenges that those planning their retirement could face. Understanding these obstacles now can help you take steps to create a secure retirement.
Pension tax relief has been boosting retirement savings for 100 years. However, it’s estimated that over a million people are missing out on their full entitlement.
Your State Pension plays an important role in your retirement plans by providing a reliable income. Recent news of underpayments highlights why it’s important to understand what you’re entitled to.
What are your plans for your first few years of retirement? Being able to take a tax-free lump sum from your pension can open up a whole host of possibilities. But would you be better off leaving your money invested? When Pension Freedoms were int...