Pensions

Pensions

Investing in personal pensions is a tax efficient way of saving for your retirement.

Learn about the different types of annuity and other kinds of pension and retirement income.

Our pension providers all offer private plans that could help your money go further when you retire.

Pension Annuitization Continues in De-Risking Trend

Pension Annuitization Continues in De-Risking Trend A consumer products company announced that effective June 1, retirement pension benefits owed to approximately 21,000 of its retirees will now come from two US insurers. The company's benefit obligation was about $ 7 billion, while plan assets stand around $ 6 billion in 2014. Although the first insurance company will be the sole annuity administrator for the benefit payments, each retiree's benefit will be split evenly between the two as a security reinforcement…

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5 Things You Need to Know About Pension Planning

5 Things You Need to Know About Pension Planning A Pension plan is a proverbial golden egg. As investments that will continue to grow through the years, they provide steady income for retirement purposes. However, like most things in life, pension plans can be poorly planned. Here are five things that you need to know about pension planning to ensure success. Know the terms of your pension plan. The type of plan that you have may have special terms or…

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403b Retirement Plans – 10 Facts You Should Know About

403b Retirement Plans – 10 Facts You Should Know About 403 retirement plans are tax deferred retirement plans available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code (IRC). I’ve 10 facts here on 403b which you should know. Fact 1: The Workings Of 403b Plans You set aside money for retirement on a pre-tax basis through a salary reduction agreement with your employer. You choose from among the vendors…

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Lump Sum Pension Options Are Growing in Popularity

Lump Sum Pension Options Are Growing in Popularity Over the almost 30 years I have worked in the financial services industry – I have evaluated a bucket full of lump sum pension options for clients and contacts. The most valuable caution that I share with folks is their need to answer a very personal question – how disciplined they are. When someone takes a lump sum from their previous employer's pension plan – they now must exert a level of…

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SERPS Mis-Selling – Should I Complain?

SERPS Mis-Selling – Should I Complain? Over 8 million consumers were advised to contract out of the state earnings related pension scheme (SERPS) now known as the second state pension or (S2P). The FSA commissioned an investigation into possible mis-selling in 2005 and concluded around 120,000 polices (1.5% of the total sold) may have been wrongly advised to contracted out of SERPS as they where above the pivotal age. If you were aged over 40 for men or 45 for…

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Veterans Aid and Attendance Pension Often Overlooked

Veterans Aid and Attendance Pension Often Overlooked When you are planning for the eventualities of aging you do need to state your wishes relating to the distribution of your assets at the time of your death, but you also need to prepare for life as a senior citizen. No one knows for sure how they will feel when they enter into their twilight years, but it is important to make sure that you recognize the possibilities and act accordingly. Many…

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Telesales – How to Write a Cold Call Pitch Or Presentation

Telesales – How to Write a Cold Call Pitch Or Presentation Writing any type of sales presentation is an art form in itself. But a cold call presentation is more difficult because you only have a very short period of time to make an impact. It’s essential that you follow a set structure in order for your sales pitch to flow like a good novel. Let me expand in this analogy; imagine buying a book that turned you off or…

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Advantages of Offering a Pension Plan to Your Employees

Advantages of Offering a Pension Plan to Your Employees It is a well-known fact that all private employers in the United States – whether they be small businesses or giant corporations – must make a decision about whether to offer their employees some sort of tax-deferred retirement scheme. The most popular options are 401k plans, which let employees set up up to 15% of each paycheck in a tax-sheltered savings pool, and the less flexible but more economic SIMPLE IRA…

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Pension Annuities – a Quick Guide

Pension Annuities – a Quick Guide A guide to pension annuities and retirement options in the UK. What are Pension Annuities? Bought at retirement age a pension annuity converges a person's pension fund into a regular income that will be paid for the rest of their life. There are several different types of annuities that are available. In the UK, annuity options on offer include Lifetime Annuities, Enhanced Life Annuities and Unit Linked Annuities. Purchasing an annuity is optional up…

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GM and Ford Offer Retirees Lump-Sum Pension Payments

GM and Ford Offer Retirees Lump-Sum Pension Payments Auto company retirees have important investment decisions to make as they consider special pension buy-out programs being offered by both General Motors ("GM") and Ford Motor Company ("Ford"). While the unpretented lump-sum buy-out offers will assist the auto makers in what Ford describes as a "long-term strategy to de-risk its global funded pension plans," the action will transfer the risk of managing pension funds from these Fortune 10 employers into the hands…

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