The latest in defined benefit pension scheme statistics The Purple Book is a yearly publication of UK defined benefit scheme data. It offers a great insight into the health and strategy of pension schemes in the UK. As the insurer
Impact of Brexit on UK pensions, advisers & providers
EU residents & the impact of Brexit on UK pensions The financial services sector remains confused by the UK’s last-minute Brexit deal. EU-based advisers with UK resident clients, and UK-based advisory firms with EU resident clients must ensure they have
Planning for the UK State Pension
UK State Pension Planning The UK State Pension has always been a hot-topic for debate and government tool at election time. You may have seen in the news that the State Pension Age for women has risen to match that
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,
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