Defined benefit pension schemes explained A defined benefit (“DB”) scheme is a type of pension where income at retirement is pre-defined. Instead of saving up a pot of pension money, investing it and hoping for positive results, a DB pension
Diageo Pension: Scheme Spotlight
The Diageo Pension Scheme While Diageo’s stock has been selected as one of AJ Bell’s best buys for 2021, we explore their defined benefit scheme. The Diageo pension is one of the healthiest defined benefit schemes in the UK. Its
5 Reasons to Review Your Pension
1. Pension planning costs Pensions come in many different shapes and sizes. A pension plan can be expensive, carrying layers of unexpected costs and hidden charges. A fundamental part of a professional review is to ensure you’re not paying more
Bupa pension scheme closed to ALL members
Bupa confirm closure of defined benefit scheme The Bupa Pension Scheme (TBPS DB) will close to all members from 31st December 2020. Bupa proposed the DB scheme closure earlier this year. In late November 2020, the consultation period ended with
Why appoint a financial adviser?
When and why should I appoint a financial adviser? With most banking and investment plans now offering high quality online management, people are increasingly inclined to manage their own finances. Cash accounts and guaranteed savings, like current accounts, cash ISAs,
10 Important QROPS Questions
10 Questions to ask before you transfer to a QROPS Considering a QROPS transfer? Ask your adviser these important questions. Don’t be shy in grilling a financial adviser. It’s their job to ensure you understand their proposals and why (and
Pension Focus: British Airways APS & NAPS
My BA Pension British Airways’ defined benefit pension offering is split into two, the ‘Airways Pension Scheme’ and the cleverly named, newer, ‘New Airways Pension Scheme (NAPS)’. There’s a wealth of detailed scheme information available at mybapension. We’ve extracted some
RPI downgrade bad news for pension scheme members
Change to RPI will affect DB pension scheme members Yesterday (25th November 2020), HM Treasury reported their response to the Consultation on the Reform to Retail Price Index (RPI) Methodology. The Retail Prices Index (RPI) is the oldest measure of
Learn the language of pension jargon
We’ve added a FULL pension jargon glossary! Half the work in planning retirement is wading through financial jargon. As we recently discussed, the DWP appear to have recognised this, and are working to compel pension providers to better explain themselves
NEW! UK State Pension Income Calculator
Calculate your minimum UK State Pension, instantly Sometimes you’re just looking for a quick estimate. Our UK State Pension calculator estimates the minimum you should be eligible for from the UK State Pension. We develop our calculators in-house to best