Clearly, shopping around for the right pension can mean the difference between a miserable and comfortable retirement. When deciding what do with your pension, it is crucial that you receive appropriate independent advice to explain what options are available. Many people are used to doing this for their insurance needs already, so it makes sense to do the same with the form of income that will dictate what sort of lifestyle you have on retirement.
Therefore, the review will focus on understanding the extent to which pensioners can compare the larger range of retirement options available to them since the introduction of the new pension freedoms. The FCA was quoted as saying: ‘We want to understand whether savers can compare products, shop around, switch providers where they are not receiving what they want and make good, informed, decisions’.
The watchdog’s remit is to look at the availability of options for people moving towards retirement.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
One of the best pieces of semi-financial advice I ever received was about buying clothes: buy good quality (obviously) and then have the garment altered to fit me specifically; sound financial and sartorial sense. Of course, this means going a little further than one might normally when buying a new outfit, but it’s a little extra that I think is more than justified in the end. Ready-to-wear clothes are great without doubt, but having something that fits you perfectly gives a continued feeling of satisfaction with every wear, it’s so worth it. There are parallels to be made in my professional life as well; it’s such a pleasure to be able to offer clients advice and products that are tailormade to their requirements and fit their circumstances perfectly.
British expats in the Netherlands are experiencing a difficult time at the moment. Not only do they have to deal with continued uncertainties over Brexit as well as government plans to overhaul the 30% expat tax break, they are also now having to digest news that the Dutch government is readying itself to publish new legislation regarding dual nationality.