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Pensions, annuities & retirement planning

For help with everything to do with pensions and retirement.

Help Stakeholder or Personal pension.
Hello can anyone help me? I seem to always get a job that is contract work and getting a company pension is not viable, what I would like to know is at 37 I have no pension and desperately need to know which is better for me a Stakeholder or Personal Pension. I understand that you receive tax back on both, and that the…
stakeholder pension pot recoverable in full after Apr.06?
Have I read correctly in The Mail that as I am 59 and a non-taxpayer, I could put £2,808 into a stakeholder pension today, and when I am 60 after Apr.06 I will be able to withdraw £3,600 to earn interest on from any source? Does the lump sum have to stay invested ad infinitum? Does this investment have to be an annuity?…
Pension & Investment Mis-selling because of upfront commissions
The main reason for mis-selling of pension's and other investment products is because of the large upfront commissions earned by IFA's and tied advisors. Until this is addressed the miss-selling of products will continue as clients continue to be basically ripped off.. Even the CEO of Standard Life, Trevor Matthews, agrees…
Sticky fingered government at it again?
:mad: Would someone put me right on an issue, told to me by a friend. We were just having a general chat about pensions etc, he asked if my parents were still alive, which I answered yes. He told me that the government had a plan, whereby if I was left a house or money in a will, they where planning to subtract it out of…
The good and the bad
In exchange of your hand I have been working in the financial industry for years in London. I can give you a hand or reply to your questions just let me know I lost contact...and now it's a nightmare with the friend who taught me a technique... a star facing me and rolling. Photographic memory! If you don't see whta I mean…
Work Pension
All, My current place of work offer a final salary pension scheme - before you think it, I know I'm very lucky. To summarise the main rules: 1) Each year of employment gives 1/60 of your final salary 2) I pay 7% of my annual salary to be in the scheme Roughly speaking, if I earned £10K per annum for 30 years, and then I…
can i change my mind after signing?
Hi everyone. Got myself into a bit of a sticky situation and need some advice!! On Tuesday 21.06.2005 is signed up to transfer my existing pension and start paying premiums in to a new pension fund on the advice of an FSA(sorryIFA). Didn't really have enough time to read all the small print till after he had gone upon…
Mis-sold FSAVC?
Hi I hope someone can advise me! My husband and I both work for a Local Authority and pay into the Pension scheme. In 1996 we took out an FSAVC with CIS, not knowing that we could have taken out an in-house AVC with work. Looking back now we should have checked if work were offering an AVC before signing up to the CIS…
Bad Financial Advice?
I think my father may have got some bad financial advice and then acted on it, can anyone shed any light? My father is 80yrs old and had investments of around £400,000 on the markets. He was told his capital was decreasing because of the down turn so he was advised to buy an Annuity. He subsequently used all his investment…
what pension is best
is there any pensions out there that is better than a stake holder
Standard Life - SERPS Opt back in - loss of windfall?
I know there are indepth threads about the in and out of opting in or out, but this relates specifically to Standard Life and their probable demutulisation. My wife has her 'opted out' part of her protected rights pension with Standard Life. Is there any possibility of this being eligible for any kind of pay out in the…
Children's Pensions
My three children (12, 9 & 3) each have a Stakeholder pension. (I was hoping to encourage Mother to make IHT-free gifts out of income). If all that was contributed was £20 a month (each) how much could they expect (in today's money) at age 55? I've tried to use various "Pension Calculators" on the web - but they freeze up…
SIPPs
Please bear with me with these questions seem a little regulation, but Im sure others on this board will be aksing the same thing. I have been reading up on SIPPs and in particular the SIPPs post April 2006, but I have a few questions and I would be grateful for your help. 1) I understand that you can include residential…
Pension forecast
Have just got off the phone from the Pension service, they're putting a forecast in the post for me. Just wanted to check I'm up to date really. Has anyone receieved one of these and had any nasty surprises, I presume it'll show if I owe anything..? regards Alex
Any high rate perivate pension schemes you know of?
Hi - I am looking for a realy good pension scheme to invest in as I am not getting any younger(!) However, I am a complete novice and need to wade through all the information somehow! What is the highest rate pension scheme around right now? Or am i better opening a good savings scheme? if so, are there any available of…
CARE pension schemes
Does anyone have knowledge / experience of career average revalued earnings pensions schemes? My employer has announced that the defined benefit scheme at present is to be replaced with a CARE scheme.Have searched the net to find the pro's and cons of these schemes without success.
Pension Credit
My Mother wasn't eligible for pension credit when assessed a few months ago. She has a decent state pension (a fair bit above the basic) and a not so small company pension (widows). When she was assessed she fell just over the income limit to get credit when taking into account her mortgage. Now she has been awarded…
Pension
I started a pension up in my old job about 2 years ago. There is hardly any money in it but I want to get at that to put it towards a deposit for a second property. Its with Standard Life but they say I can't get at the money are they right?
self emplyed pensions options?
i have just gone self employed (driving instructor) and would like some pensions advise i used to work for the local council so have 15 years of the pension from there so where to now? any advise welcome thanks
Annuity?
Hope someone can help, should a man in his late seventies with a substantial investment portfolio, cash in his investments in order to buy an annuity instead? The portfolio has been losing money for sometime. Is it possible for the annuity to continue to his wife and then to the children after his death? Any information…

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