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Our professional service includes advice on choosing the very best if you're looking to start a new pension, transfer an existing one, or buying an annuity.

 

We understand that pension rules and regulations are complex so we obtain details about your current circumstances and then carry out an independent review which will help you choose the right pension to get you started.

 

As a fully independent company we research the whole market on your behalf and come up with a solution that is right for you. option.

 

Latest Article

Police pension strike deemed to be a flop Posted on : 15/05/2012

Last week's pension protests have been deemed a 'damp squib', after figures released by The Department of Health unveiled that  ‘less than one per cent' of the NHS staff who had been expected to turn up for work on the day of the strike did not – and that included those who were off sick. The slur comes just after Union leaders insisted the strike had in fact been a huge success, claiming that over 200,000 civil servants, lecturers, health workers, MoD staff, immigration, police and prison officers had turned out. The Public and Commercial Services union insisted there had been 'solid support' during what was the third major walkout by public sector employees in the past six months. However, the Cabinet Office has somewhat of a different outlook on the crowds. Speaking to The Daily Mail, Cabinet Office minister Francis Maude said:

"The action has been futile because nearly all the key public services remained open as usual. We can confirm that far fewer civil servants are on strike than in November – with around 100,000 taking part – down from 146,000 last year. Nevertheless it is very disappointing that a handful of unions insist on carrying on with futile action which will benefit no one."
Hitting back at the Minister, PCS general secretary Mark Serwotka said:
"Instead of announcing made-up figures to undermine the strike, Francis Maude should start meaningful negotiations about public service pensions."
The union claims  the proposed pension reforms will leave millions of workers having to pay more into their pensions, meaning that they will have to retire later in life, receiving less of a return on their investment. However, ministers insist the current level of public sector pensions is unfair and unaffordable because people are living longer. Regardless of the Cabinet's claims, over 30,000 off-duty police officers marched through Westminster to protest about changes to their pay and pensions last week.

Over 50s will have to work 11 years longer, as a result of new reforms Posted on : 26/04/2012

Millions of people will have to work up to the age of 75 because they are currently unaware how much they need to save for their retirement.
The Pensions Policy Institute have said that people do not have sufficient savings, although they are living longer. Their research concluded that 45 per cent of people over the age of 50 will have to work for an additional 11 years past the current state pension age (65), if they want to live a "comfortable retirement". "Volatile stock markets" and "plunging annuity rates" were said to be a contributing factor.
Speaking to The Telegraph, Niki Cleal, a Director at PPI, said:
"In the last three decades, life expectancy has increased dramatically in the UK. It means that many people will need to save more and work longer if they want to have an adequate retirement income."
The British pension system has long been flailing, boasting the biggest "pensions gap" in Europe. At the beginning of the 1990s, the same pension fund would have guaranteed an income of £15,640 a year for life. Twenty years later, a 65-year old man retiring will secure just £5,800 a year (according to The Telegraph). Speaking to The Telegraph, Joanne Segars, chief executive of the National Association of Pension Fund, said:
"Millions of workers are in for a rude wake-up call when they find they can’t afford to retire and instead see their retirement date slipping away into the distance. Those who don’t want a fall in their living standards when they retire face a stark choice: work longer or save more, or do both. Many people in their 50s will be stunned by the prospect of working for another decade after they start getting their state pension. It’s a huge ask."
Her thoughts were backed by those of Tom McPhail, pensions expert at Hargreaves Lansdown. When speaking to The Telegraph, he said:
"Many people need to take urgent action if they are to enjoy any kind of comfort in retirement. The key is to review how much you are saving and how much you are due from the State. A 30 year-old should be putting aside around £160 per month (assuming an annual growth rate of 7 per cent before charges and 2.5 per cent inflation) if they want a yearly income of £20,000 when they retire at the age of 65."
McPhail warned that delaying the start of a pension scheme could have a devastating effect on the conclusive amount of pension you have access to when you reach retirement. He added: "For example, if a 30 year-old delays investing in a pension until they reach 40 and still expects to retire on £20,000 a year, they will then need to invest £370 a month."

                

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