Re: Type of pension...
I have heard some bad things about some annuities over the years and people losing lots of money because of the set up/admin charges.Re: Type of pension...
Re: Type of pension...
I think you're right. I had a quick look at what some of the pension providers were offering and none of them came close to what I'm getting at present. Perhaps in better times they might offer better pensions, but not at present.Re: Type of pension...
I am far from qualified to comment on this topic, but if I have understood this change to pension pots, George is planning to allow easy access to pension pots, thus releasing billions of pounds into the economy.Re: Type of pension...
Re: Type of pension...
I don't have anything now except my State Pension to look forward to in 2016 as I've already been forced to draw-down my two small pensions because I feared for the annuity rate declining back in 2010.Re: Type of pension...
On the other hand someone in good health could look forward to 25 years of retirement. The problem is that a pension that looks good today is probably going to suffer 25 x 5% inflation compound and will have a buying value of less than 1/3rd of todays value by year 25 > Something you need a very good financial advisor to navigate around.
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