When you retire as an employee you may be a member of a Defined Benefit (DB) pension scheme. Also known as a ‘final salary pension scheme’, it promises an income payout when you retire based on your earnings. This article looks at a defined benefit...
When you are enrolled in a DB (defined benefit) pension scheme, you may, at one point, be offered an option to transfer your DB pension to another type of pension scheme (commonly a defined contribution). This is called a final salary transfer, which is a...
A pension financial adviser can be a valuable addition to your retirement planning strategy as they can help analyse your financial situation and provide you with sound recommendations on how you can go about making plans for the future, particularly in terms of your pension....
Global share markets have fallen hard in the past few weeks due to the Coronavirus pandemic. Understandably, this may cause feelings of uncertainty and worry about your investments and your pension. Consulting with a pension transfer specialist could enlighten you on the situation and help...
You become eligible to access your pension funds when you are 55 years old. You also have the option of cashing in your pension to change it to a flexible or guaranteed income any time. However, it may not be in your best interest to take...
A final salary pension is a kind of defined benefit pension that pays out a secure income for life at retirement. Increases also apply on the amounts received throughout retirement. Some people consider moving their defined benefit pension to a defined contribution pension arrangement as...
Many British Expats find New Zealand to be the ideal destination for retirement. New Zealand’s sprawling nature offers the best opportunities to explore and experience the great outdoors, which appeals greatly to expats wanting balance between city and country life. Moving abroad to retire, however,...
Moving abroad can be an amazing prospect for anyone who has found better opportunities to advance their career or perhaps spend their retirement age elsewhere. This said, doing so also brings many important questions and great challenges, especially when it comes to financial management. When...
UK Pension Transfer: Know the ProcessAre you planning on transferring your UK pension? It’s time to know more about your pension and the benefits available to you. More people in the UK are moving from one job to another and seek advice on one or multiple pensions....
There are many types of pension schemes available in the UK today. It is important to understand the value and worth of your pensions. Having a good pension pot scheme will help give you the standard of living you want for retirement. ‘Pension pot’ refers to...
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