Bumper pension scheme transfer values are luring thousands of individuals to cash-in their final salary pension pots which could spell disaster for their retirement plans.
In the governments second Finance Bill 2017, a new income tax exemption to cover the first £500 worth of pension advice provided to an employee was introduced.
It is not uncommon for employees to face financial worries at various stages of their life whether that is dealing with spiralling debt, concerns over retirement savings or simply making the monthly budget work.
The long-term success of the current workplace pension regime relies on the provision of financial education and guidance to persuade individuals of the merits of saving more for their retirement.
Ian Hodson, Head of Reward, University of Lincoln, sits down with WEALTH at work to discuss the financial education programmes they have in place.
The Pension Advice Allowance (PAA) became available this April to help individuals pay for the cost of regulated financial advice for retirement.
Jonathan Watts-Lay, Director, WEALTH at work, discusses with Jenny Hammond from PMI TV the pension changes and their impact, how employers and trustees can help when it comes to retirement income options, how to engage employees and what upcoming challenges he expects employers, trustees and employees to face.
Jonathan Watts-Lay, Director, WEALTH at work, sits down with Employee benefits to discuss why helping employees improve their financial wellbeing is essential.
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace, have outlined below examples of the ‘winner and losers’ of the new Tax-Free Childcare system.
WEALTH at work works with many employers to offer financial education to their employees to help them understand the opportunities available to them.
Ian Hodson, Head of Reward, University of Lincoln, sits down with WEALTH at work to discuss the financial education programmes they have in place for their employers.
Following the recommendation by John Cridland, the government has confirmed it will raise the State Pension age from 67 to 68 between 2037 and 2039, seven years ahead of the date range originally planned.
Over half (53%) of retirees who accessed their defined contribution pensions chose to withdraw their entire pension pots, according to the Financial Conduct Authority’s (FCA) interim findings of its ‘Retirement Outcomes Review’.
Kate Wills, a student at the University of Lincoln has recently completed a three year sponsored scholarship programme at WEALTH at work.
WEALTH at work has created three fictional case studies to help employees considering income drawdown understand how they can utilise all their savings to create the most tax efficient retirement income.
