High Court stops BT cutting pension scheme inflation protection
Sunday, 21 January 2018
British Telecom (BT) pension scheme members will continue to see increases to their pension based on the retail price index (RPI), the High Court has decided, dismissing an attempt to cut costs by the ...
The dangers of raiding a pension pot early
Wednesday, 3 January 2018
With the new "pension freedoms" introduced in April 2015 it is possible to "cash out" of pensions as soon as you reach the age of 55. This flexibility is welcome but it does come with risks and pitfal ...
A tale of two defined benefit pension transfers
Wednesday, 20 December 2017
We were recently approached by two separate clients, both deferred members of the Northern Rock (NRAM) defined benefit pension scheme. Both clients asked us to advise on a transfer out of the scheme i ...
Lifetime allowance to increase by £30,000 to £1,030,000
Tuesday, 17 October 2017
The Lifetime Allowance (LTA) is, in simple terms, the amount that you can build up in pension assets during your lifetime without incurring an extra tax bill of up to 55% (the "LTA tax charge"). For ...
"Whole of life" insurance policies - watch out for price increases
Monday, 25 September 2017
One type of life insurance is called "Whole of Life" cover. These are policies which don't have a specific term (e.g. 10 years, or 20 years), but instead last for your whole life, as long as you keep ...
Client example - DB pension transfer to bridge a gap in earnings
Monday, 4 September 2017
What did the client ask us to do? The client has two defined benefit pensions, one large and one small. He is retiring at age 55, and intends to go and see the world, and wants to top up his income u ...