Types of Pension Plans

Types of Pension PlansRetirement Planning
British/UK Pension in Australia New Rules – Updated for 2017

Australia is a popular retirement destination for British expats due its warm climate and quality of life. Cities such as Sydney, Melbourne and Brisbane offer an excellent standard of living, and therefore it is no surprise that many Brits choose to move there every year. If you are considering retiring to Australia from the UK…

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Types of Pension PlansRetirement Planning
How Ring-Fencing Rules Will Affect The Barclays Pension Scheme

Hidden in Barclays’ July interim results, was an issue that has the potential to affect almost a quarter of a million people in the Barclays pension scheme. The bank’s pension scheme is not in great shape, and as at 30th September last year, the pension shortfall stood at a staggering £7.9 billion. The deficit has increased…

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Types of Pension Plans
TATA Steel British Steel Pension Scheme Deal

Members of the British Steel Pension Scheme (BSPS) have finally been given some clarity over their pensions. After months of negotiations, Tata Steel has struck a deal to detach the £15 billion BSPS, in a move that should bring greater financial stability to the 130,000 members of the scheme. The deal involves a legal mechanism…

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Types of Pension PlansRetirement Planning
How to Plan Your Retirement Abroad

The prospect of retiring abroad can be exciting for many, and is a trend that’s not going away anytime soon. It brings with it the possibility to pursue new interests, a different climate, and an exciting and less expensive way of life. However, retiring abroad requires careful planning, and there are a few critical areas…

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Types of Pension PlansRetirement Planning
UK Defined Benefit Pension Plans – Should You Transfer Out?

Relative to defined contribution pension plans, defined benefit pension plans are complex investment vehicles. A defined benefit plan is a type of pension in which an employer or sponsor promises a specific payout upon retirement. The payout is calculated on a variety of factors such as length of employment, salary history and age at retirement…

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UK Pension Deficit
Types of Pension PlansRetirement Planning
What happens If my UK pension scheme has a deficit

On July 3rd, PwC announced that the UK Pension Deficit is currently at an astonishing £460bn, meaning that the potential liabilities of the schemes are greater than the assets. The deficit has been brought about by increasing life expectancy, underfunding by companies, and a fall in equities and bond yields. Due to this deficit, companies…

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