Flexible annuity, new CPF investment scheme recommended
SINGAPORE — After almost two years of deliberations, the panel set up to improve the Central Provident Fund (CPF) scheme has completed its work, with the unveiling of its final recommendations to help CPF members cope with inflation and provide more ...
Fos backs Caerus over annuity advice complaint
The Financial Ombudsman Service has decided not to uphold a complaint against Caerus Financial, over a man who bought a flexible annuity with his income drawdown fund. Mr C was unhappy about his advice and said he thought there would have an ...
Eight tips for picking a flexible drawdown product
While the security of an annuity will remain the best option for some, there have been a host of other products available since the government's pension freedom reforms in 2015. One of the most popular options has been flexible drawdown. The problem is ...
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Eight top tips for picking a flexible drawdown product
The recent further cut in interest rates is bad news for those who are about to retire and had planned to use an annuity to turn their pension fund into a regular income throughout retirement. The income available when buying an annuity goes down when ...
Watch out for pension deadlines: Prepare for the 55, 65 and 75 age milestones to make retirement comfortable
Prudential staff in Reading vote for industrial action
"We have contingency plans in place to ensure that there is no impact to the service we provide to our customers," he added. The company previously told how it had experienced a "fall in the demand for [pension] products in favour of more flexible ...
How flexi-access drawdown works
But although flexible income drawdown was available before the then chancellor George Osborne announced pension freedom and the end of the requirement to buy an annuity since 6 April 2015, new rules also came into effect on that date, after which all ...
Try to maintain flexibility in estate planning
Lastly, if your brother needed additional monies, the principal of the annuity would be unavailable to him. In other words, the annuity is not flexible. The trust, with you as trustee, does have a number of benefits. The first is that you would have ...
Pensioners warned to think twice about cashing in | Personal ...
BRITONS are seizing on pension freedoms to cash in their retirement pots but experts warn they must use their new powers wisely.
Calls for more UK pension advice over unexpected tax bills
Figures from HM Revenue and Customs (HMRC), which covers April 2015 to May 2016, found that a total of 391,000 people accessed their pensions flexible cash lump sum payments, taking out a combined £6.12bn. "The pension freedoms are popular with ...