Updates and Views from RetireEasy

Covid-19 could have major impacts on DB pension schemes

While in the short-term savers and investors are taking an economic hit through stock market volatility and low interest rates, there’s mixed news from pension specialists XPS, who are forecasting “long-term vulnerabilities in pension schemes following the pandemic” – as well as a potential £90bn reduction in the funds’ liabilities and a boost to annuity […]

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Call to make tax relief on pensions simpler and fairer

The Association of British Insurers (ABI) has called for changes to tax relief on pensions to make the system more equal. The move comes in the wake a report from the Pensions Policy Institute (PPI) which demonstrated that higher earners gain most from the current system – particularly men. Tax relief tops up pension savings, […]

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What to do if you are facing a “pensions blackhole”

Fidelity International has issued a stark warning that over half (51%) of the UK’s pension investors will not have enough money to meet their needs in retirement because of a drop in the value of retirement savings following the impact of Covid-19. Fidelity’s Investor Survey captures current UK investor and found that just 29% of […]

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“Pandemic has devastating impact on potential retirement outcomes”

Savers are continuing to see their future retirement incomes suffer – with pension funds and annuity rates still well below their pre-pandemic levels. The latest Moneyfacts UK Personal Pension Trends Treasury Report shows that in the first quarter of this year, the average annual standard annuity income for a 65-year-old (based on a single life […]

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Allowance changes lost in all-enveloping Covid-19 outbreak

By Mark Soper Shortly before the outbreak of Covid-19, a confident, newly-installed Chancellor stood up in the House of Commons and delivered a raft of measures and stimulus that effectively put an end to austerity. With a landslide win in the December Election and the first phase of Brexit accomplished, the Government – the non-team […]

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Is it time for you to have a “midlife review”?

Are you somewhere north of 45 and still employed on a full time or part time basis… but worrying about how the coming years might pan out as your aspirations and situation changes? Then a new book has just been published which can provide the guidance you need to navigate the future. The book – […]

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Worrying drop in average weekly pension incomes

New data from the Department for Work and Pensions shows a sharp dip in the average weekly income from occupational pensions – down to £181 in 2018-19 from £199 in 2016-17 – for those who have reached State Pension Age (SPA). The fall in part reflects the steadily reducing numbers of people retiring with defined […]

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