Essential Reading for Self-Select Drawdown

Essential Reading for Self-Select Drawdown

Posted By: Phil Handley DipPFS AwPETR On February 20, 2019 Category: Uncategorized

If you're looking at Do It Yourself (DIY) Drawdown, and are choosing to manage your drawdown plan yourself, there's an overwhelming number of questions you need answering before choosing a provider. The LangCat has published an extremely detailed white paper covering the main providers and features they offer. Download the Full Report Here [...]

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The main questions I get asked about Income Drawdown

The main questions I get asked about Income Drawdown

Posted By: Phil Handley DipPFS AwPETR On February 12, 2019 Category: Drawdown tips

When can I drawdown my pension? Anyone from the age of 55 can move their pension into drawdown. There are certain situations when you could access your pension earlier, say from 50, if your occupational scheme has a protected retirement age. You may also be able to access your pension earlier if you are in poor health. Can I take my tax-free cash lump sum without having to take an i[...]

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New Rules to help retirees stop making poor decisions in income drawdown

New Rules to help retirees stop making poor decisions in income drawdown

Posted By: Phil Handley DipPFS AwPETR On Category: flexi access drawdown

The Financial Conduct Authority has launched a consultation to stop those entering retirement through income drawdown, make poor investment decisions. A problem has been identified where retirees are simply accepting their existing pension company’s drawdown product. Over 100,000 over 55’s per year are going into drawdown without seeking advice.  The stats show that since the pen[...]

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Am I paying too much for my drawdown plan?

Am I paying too much for my drawdown plan?

Posted By: Phil Handley DipPFS AwPETR On December 7, 2018 Category: Drawdown Providers Pension drawdown

It’s one of the questions I’m most asked. Am I paying too much for my income drawdown plan? Is it good value? Is there a cheaper options out there? There are many ways to take an income at retirement, but income drawdown has seen a surge in demand since the pension freedoms. Where annuities were once king, Drawdown has now stolen its crown. The complexity of choosing a drawdown provide[...]

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Advised clients 39% a year better off in retirement

Advised clients 39% a year better off in retirement

Posted By: Phil Handley DipPFS AwPETR On September 29, 2017 Category: Uncategorized

Research by Dunstan Thomas suggests those who seek advice at retirement can hope to be two-thirds better off than those who choose to invest the funds themselves. read the full story here https://www.professionaladviser.com/professional-adviser/news/3018308/nearly-half-of-baby-boomers-plan-to-do-nothing-to-increase-their-pension-knowledge [...]

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Is shopping around for Drawdown worth it?

Is shopping around for Drawdown worth it?

Posted By: Phil Handley DipPFS AwPETR On March 1, 2017 Category: Drawdown Providers Pension Drawdown Charges

The task of finding a home for your pension at retirement can be quite overwhelming. The myriad of choice is endless, and to those who haven’t invested before, the problem is knowing where to start. But is it worth the hassle shopping around? The easy part is deciding you want to choose drawdown over an annuity, the confusion begins when you start trying to work out where to put your funds. [...]

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Will Brexit Affect Your Drawdown Portfolio?

Will Brexit Affect Your Drawdown Portfolio?

Posted By: Phil Handley DipPFS AwPETR On February 3, 2017 Category: Brexit

Brexit has been in the headlines for months. Yet, the question remains: what does it mean for your retirement portfolio? As the negotiations unfold, let’s take a moment to consider how this event has impacted drawdown portfolios and investments. Notes From The News: Brexit’s Impact In the days and weeks following Brexit, there was much anxiety and concern about the impact of the decision [...]

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6 Mistakes Retirees Make With Their Finances

6 Mistakes Retirees Make With Their Finances

Posted By: Phil Handley DipPFS AwPETR On January 22, 2017 Category: retirement advice

You might think that having a guaranteed state pension or a generous package from your employer means you can move into retirement with ease. There’s a major problem with that perspective. While generous pension plans are valuable, your financial future may be at risk if you do not give thought to your entire financial life. No Financial Plan A professional financial plan covers all [...]

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How To Navigate The Two Big Threats To Your Retirement Income

How To Navigate The Two Big Threats To Your Retirement Income

Posted By: Phil Handley DipPFS AwPETR On January 17, 2017 Category: Pension drawdown

Planning for retirement has never been easy, even for those with generous defined pension plans. You have rising energy prices and new taxes to contend with on one hand. On the other hand, the retirement years often bring an increase in health expenses. For instance, you may need to pay for supplemental health care if you have a chronic illness. Those aren’t the only challenges you face. What[...]

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What does the US election result mean for my drawdown portfolio?

What does the US election result mean for my drawdown portfolio?

Posted By: Phil Handley DipPFS AwPETR On November 9, 2016 Category: Pension drawdown

As with Brexit, the markets were primitively shocked when the US electorate ignored the pollsters. Those with a drawdown pension may see some initial falls in their portfolios, but calmness is the order of the day. Markets will be volatile in the short term but a well-diversified and managed portfolio will have looked beyond short-term geopolitical upheaval to concentrate on the fundamentals of [...]

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