How much time do you spend planning for retirement?
The 2015 pension freedoms gave us greater flexibility over our retirement options, but the reforms have also made retirement choices much more complex. This means we need to start thinking about our retirement earlier. However, half (50%) of respondents aged 45–54 to a LV= consumer survey didn’t think about retirement at all last year. Continue reading
Weighing up the tax-efficiency versus flexibility
More than one in three retirement savers are planning to rely on Individual Savings Accounts (ISAs) for the majority of their retirement income. Continue reading
Retirement savers say they are still confused by the rules
The second anniversary of the pension freedoms reforms took effect from April 2015, yet some retirement savers say they are still confused by the rules and want no more changes. Continue reading
Importance of not losing sight of your long-term savings goals
The UK is entering uncharted territory after the EU referendum, but with relatively few unretired people beyond the age of 55 having started their retirement planning it is important not to lose sight of your long-term savings goals. Changing social, political and demographic factors mean that the outlook for retirement finances in the UK is constantly evolving. Continue reading