July 2006
  
   

PENSION OPTIONS AT RETIREMENT

"When historians look back on the 20th Century, its defining characteristic may be neither its two world wars nor its explosion of technological innovation. Instead, what is likely to stand out most as the transforming element of the world we live in is the stunning rise in human longevity, particularly that enjoyed at older ages."

Special Report - Financial Times - 17.11.2004

  

"Longevity is the 21st century's ultimate strategic issue. It effects every aspect of social and political life."

Richard Jackson, Senior Fellow
The Global Aging Initiative
The Centre for Strategic and International Studies
Washington
     
In 2001 there were 17.5million people aged between 50 and 80 in the UK, which represented 38% of the total adult population. It is projected that by 2031, 46% of the adult population will be in this range.

Government Actuaries Department 2001

  

"We are not facing a pensions crisis. What we face is a retirement crisis. Retirement should be a process, rather than an event, a journey, rather than a destination. Individuals could have a whole new phase of life that previous generations never envisaged: gradual and flexible retirement."

Ros Altmann
Specialist in Pensions Economics
and a governor of the London School of Economics

When you near retirement you are faced with a number of decisions to make and some of the most important will concern your pension provision. These decisions are often so major that they can affect the rest of your life.

Part of our website is designed to assist those who are approaching retirement. If this includes you, then you may have pension benefits in respect of several occupational pension schemes reflecting your work for different employers over the years. You may also have a number of personal pension plans and/or retirement annuity contracts to which you have contributed small, or large amounts at different times in your working life. Then there are your State benefits to consider.

Following the changes introduced by the recent 'Pension Simplification' legislation you may wish to have a fresh look at your pension options at retirement on the updated section of our website.

Pensions Advice

If you would like to discuss your retirement options please ask your usual Arch adviser in the first instance, or contact us on 01483 204600 or enquiries@arch-fp.co.uk.

 

 

Unsubscribe:: Click here if you no longer wish to receive issues of MoneyTalk from Arch Financial Planning Limited

Subscribe: If you have a colleague who would like to receive MoneyTalk please ask them to email us at subscribe@arch-fp.co.uk

Feedback: We hope you continue to benefit from this Arch service. Do please let us have your comments or feedback at anytime

Arch Financial Planning Limited, Arch House, Collins Court, 39 High Street, Cranleigh, Surrey GU6 8AS
Tel: 01483 204600, Fax: 01483 204611

AUTHORISED AND REGULATED BY THE FINANCIAL SERVICES AUTHORITY

DISCLAIMER
This message is confidential and for use by the addressee only. If you are not the intended recipient, you must not use, disclose, distribute, copy, print or rely on this message. Please notify the sender by return email and then delete the message from your computer. Arch Financial Planning Limited disclaims all liability of whatever kind (including for negligence) to anyone other than the intended recipient(s). Arch Financial Planning Limited accepts no responsibility for changes made to this message after it was sent nor for any loss or damage from receipt or use. We have endeavoured to ensure that this email is virus free but we advise that in keeping with good computing practice, the recipient should make his or her own checks.