The Work and Pensions Committee has recently recommended that every pension provider which offers drawdown should be required to offer a default decumulation pathway by April 2019.
If you think that retirement plans are only for the super wealthy, or if you’ve just not got round to it yet, or even that you think retirement is too far away, then think again.
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace is calling for more to be done to protect defined benefit members from the risks around pension transfers.
The glittering prize of retirement often seems too far ahead to warrant consideration. But if you are to make the most of your hard-earned savings and pension, you need to start planning a long time before you crack open the bubbly.
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace, answers some of the questions that individuals may be thinking about as they approach retirement.
Jonathan Watts-Lay, Director, WEALTH at work discusses with The Times, the impact of auto-enrolment (AE) on individuals and what employers can do to support employees with their pension savings.
Individuals are being warned to ignore vulture advisers hoping for rich pickings from employees looking to transfer their defined benefit (also known as final salary) pension scheme, especially in light of ‘high’ reported transfer values.
The New Year is the perfect time to take stock of your finances, particularly if you’re approaching retirement.
HR Grapevine, asks Jonathan Watts-Lay, Director, WEALTH at work about the steps employers could take to help their staff cope with the increased cost of rail tickets.
From 2019, the State Pension age will start to increase for both men and women to reach 66 by 2020.