Retirement

Retirement planning needn't only include pensions. Neil Jones looks at the alternatives

An IFA who has been plagued by phone calls from pension liberation promoters has decided to fight back against this shadowy part of the industry by reporting the firms to the Financial Conduct Authority (FCA).

ANNUITIES

RETIREMENT

Sales of self-invested personal pensions (SIPPS) at James Hay in the first half of the year were up significantly but profits and revenues were down.

Pension savers are being warned to regularly update the documents that say who should get money from their pension pot if they die.

Annuity rates would have to improve by at least 6% from today's rates to make any delay in purchasing a retirement income worthwhile, says a new report.

A third of Brits believe 'Generation Y' - young adults aged between 18 and 31 - will struggle the most to save for retirement.

As the search for income continues, many investors are turning to alternatives, with car parks becoming increasingly popular.

Mattioli Woods, the pension consultant and wealth manager, has reported increased pre-tax profits of £5.56m, up 9.9%, for the year ended 31 May.