Defined benefit pensions What is a Defined Benefit pension? What are my options? How will my pension provide for my retirement? Any decisions you make about your Defined Benefit pension will affect the income it will provide for the rest of your life – so its important to understand how it works. What is a [...]
If you’re considering transferring away from a Defined Benefit (final salary) pension, you’ll need to request a cash equivalent transfer value (CETV) to help you find out whether or not you would be better off in or out of the scheme.
Be patient and consider retirement strategies - Even before most of us had heard of Coronavirus, only 25% of Brits felt confident that they would have enough to retire on without needing to supplement their pension. The impact of the Coronavirus pandemic on the global stock markets has resulted in the average pension fund value falling [...]
Investments made through pension wrappers have reached a new high of £13.4bn in the third quarter of 2017, up 66.3 per cent on last year.*
The figures showed the amounts coming into pensions through transfers was particularly high. For instance, transfers into self-invested personal pensions (SIPP) more than doubled over the past 12 months to reach £1.9bn.