Retirement Planning Tag

The government has published a review on automatic enrolment in workplace pensions which makes important proposals for employers. Automatic enrolment of employees in workplace pensions has been a greater success than many predicted when it was introduced in October 2012. To date over nine million employees...

State pensions will rise by 3% next April, but it’s not all strictly good news. On the day that a CPI inflation rate of 3% was announced, the BBC website covering the rise had a picture of pensioners “dancing for joy”. The supposed reason for their...

The Chancellor has announced the date of his first Autumn Budget as Wednesday 22 November. The second Budget of 2017 will be both Mr Hammond’s first Autumn Budget and the first Budget after the general election. Traditionally, the first Budget of a new parliament is the chance...

Inflation was in the news last month in various guises. August was a month when inflation hit the headlines several times trailing a cloud of acronyms: The Bank of England Quarterly Inflation Report (QIR) revealed that the Bank now expects inflation (as measured by the...

Self-employment is the dream of many, especially as the goal of retirement seems to creep further out of reach. Being your own boss sounds great. But there are drawbacks. Around two million of the country’s self-employed workers are unable to save any money each month,...

The government has announced plans for a further increase in state pension age. On the day before parliament shut up shop for its summer holidays, David Gauke, the Secretary of State for Work and Pensions, announced that the government had decided state pension age (SPA)...

The Financial Conduct Authority (FCA) has examined the impact of pension flexibility and is worried about the lack of advice. Pension flexibility came into effect in April 2015. In theory, since then it has been possible from age 55 onwards to withdraw your entire money purchase...

Last month saw the first suggestions that interest rates could increase soon. In June, the US central bank, the Federal Reserve, increased short term interest rates for the second time this year and the fourth time since December 2015. The 0.25% increase to 1.00% − 1.25%...

The general election left the future of many spring Budget announcements up in the air, but that situation may soon change. When Theresa May announced her snap election in April, it threw a major spanner in the previous month’s Budget. There was no time to pass...

The first six months of 2017 have presented investors with an interesting half year.  Index 2017 Change to 30 June FTSE 100 +2.4% FTSE All-Share +3.3% Dow Jones Industrial +8.0% Standard & Poor’s 500  +8.2% Nikkei 225 -1.1% Euro Stoxx 50 (€) + 4.6% Shanghai Composite +2.9% MSCI Emerging Markets (£) +11.5% Think about the first six months of 2017 in the UK....