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Feature » Pre-retirement

“One has to question the sense in allowing unfettered access to the 25% lump sum amount prior to retirement”

Savings worth their salt

Every now and again a new idea is generated to get the UK saving for retirement and to close the savings gap. There is a need for such ideas but clearly, few have been particularly successful to date.

The arrival of a new government often generates new hope in this respect and the changes undertaken by the coalition government since it came to power in June – including accelerating the state pension age increase, abolishing the age 75 rule, and recognising the need to improve the process around open market options (OMO) – have heralded fresh anticipation of reform of the pension savings market.

On the right glide path

In recent years, target date funds (TDFs) have been increasingly popular for retirement investors in the US, particularly in employer-sponsored, defined contribution (DC) plans. At the end of 2009, three-quarters of our clients’ DC plans offered a TDF, and 40% of members used one.

Schemes must pay scrupulous attention to good practice to avoid being associated with recent high-profile fraud cases

Passing the test

Self-invested pensions have been  tarnished by fraud in the past few years, but they still have much to offer, if they can prove themselves

Still on track for change

The market has shown a healthy growth over the past several years, but many factors are colliding to create uncertainty about its future.

Suit you, Sir?

The wrap market is certain to blossom this year, but its value, and whether it most benefits clients or advisers, remains to be seen.

Storm in a teacup?
The death of DB, auto-enrolment, and a tougher tax regime – are we heading toward the perfect storm for pension providers and policyholders alike?

Hold the reins

Sipps are attracting investors who believe they are better off controlling their own benefits, but can providers keep up with the pace?

A new world of Sipps

Despite the panic generated by the Budget, there is plenty to retain investors’ interest in the Sipp arena

Join the SSAS

For family units and business owners, the SSAS is still the number one choice of pension scheme

Still in the game

SSASs appear to have been left in a trail of dust by Sipps, but several nuances mean they still offer valuable opportunities for many investors

The dark horse

Although the SSAS is often overlooked in favour of the more popular Sipp, it can offer companies greater efficiency and flexibility

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The Money Advice Service is an elegant and innovative way of providing consumers with much needed help to access financial services products.

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  • It's a start. Let's hope it's a solid foundation.
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