Annuities are historically the most popular option in retirement, with a great many looking for the security that they provide. However, it's unlikely that they will continue to account for as high a proportion of retirement income products as they have in the past. This document will explain further.
It's important to plan ahead for your retirement. Here, we explain why pension planning is so critical, and describe some of the options available to you. This information is intended only as guidance. For advice on your specific circumstances, please get in touch.
Simon Fisher is a Resolution Accredited IFA, having completed specialist training through Resolution in Pensions in Divorce, passed a rigorous exam and undertaken further training to act in Collaborative Law matters. There are fewer than 50 Resolution accredited IFAs nationally.
Simon is also a member of Around the Table, a grouping in East Kent of Family Lawyers, Mediators, Accountants, Counsellors and Advisers dedicated to providing an holistic service in divorce and family matters.
Below are links to three documents that cover the issue of Pensions on Divorce. Firstly, a short 6 page client guide we have prepared, 2nd a comprehensive client facing guide from the charity Advice Now and, lastly, the guide released in July 2019 from the Pensions Advisory Group (Simon was one of the consultees for this) which is aimed at Lawyers and experts.
With pensions being most people’s second-largest asset, they can become a major consideration in any divorce settlement.
We all know it’s important to plan for retirement, but many of us are still not planning well enough. Despite all the media headlines and Government initiatives, many of us still have a ‘tomorrow will do’ attitude. This is worrying for one simple reason – we are going to live longer than most of us think. This article explains further.
Personal pensions may be suitable if you are self-employed, if you are not working but can afford to put aside money for retirement, or even in addition to a company pension.
On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your money purchase pension savings and the options you have in retirement.