After a lifetime accumulating pension savings, you reach the point when those savings must provide a regular income for your retirement. Recently the options have become much broader, but the most traditional route – the annuity – is refusing to go quietly. Here’s why. Consider your pension fund, built up over a working lifetime. On retirement, you could simply draw …
FTSE 100 rockets to record high
Yesterday (24/02/2015) marked an historic day for the London stock market. The FTSE 100 index hit a new record high of 6958.89, closing on 6949.63. The index has been steadily rising for months, helped by the central bank stimulus and improvements to the British and US economies that have offset weakness in China and Eurozone strains. The previous high was …
“We’re ready……are you”
Pension freedoms arrive April 2015. Want to maximise your retirement income? We’d all like to think that we’ll have a level of income that will really let us enjoy our retirement. However, with the cost of living rising all the time, it’s more important than ever to consider all the options available, to help you get the most out of …
Australian Annuity Sales Soar
As reported in November 2014, the Australian government were considering copying the UK annuity system as the UK were planning to ditch it. Financial services group Challenger is seeing sales in annuities soar as baby boomers seek guaranteed income in retirement. Among the half year results announced today by Challenger was a record in retail annuity sales. Total annuity product sales …
Oil & mining stocks lift FTSE to 6879
Rising oil and metals prices boosted commodity-related stocks, helping to pull the market higher. The FTSE 100 rose 51.13 points to 6,879.24 with Tullow Oil leading the way, up 3.5% as the price of Brent crude rose above $60 a barrel. Visit the BBC website to find out more http://www.bbc.co.uk/news/business-31451646 For up to date FTSE 100 summary, click here.
Budget 2014 – Retirement options
There’s a lot to understand when it comes to retirement and because you’re approaching your selected retirement date, you’re soon going to have to choose what’s best for you. Life feels better when you have a plan and the more you understand your options, the better prepared you could be. And that’s where we can help – Retirement Professionals is …