February 27, 2017 Sharon Cronin

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Your Pension Is Fair Game

Last week we spoke about Love Insurance but what if it does not work out and you end up in the divorce courts.  Well, it seems like your pension is fair game now.

...Don’t ignore the pension – it might be the most important asset in the relationship....
...But with the value of final salary pensions soaring that forgotten “defined benefit” income could well be the biggest single asset in the relationship....

...Defined benefit pensions, often known as final salary pensions, have shot up in value in recent years....

Read more:
'Getting divorced? Go after his pension'


LV getting success with Robo

LV launched “Robo Advice” back in the Summer of 2015, and by early signs, it is looking positive.

...Almost 6,000 people have used LV's full automated financial advice service since it was launched in summer 2015, in an early indication that there is a significant market for comprehensive robo advice....

...LV's Retirement Wizard is regarded as one of the more comprehensive robo advice services on the market....

...Unlike many of the automated guidance services available, it provides FCA-regulated financial advice, and therefore competes more closely with human financial advisers....

Read More:
Thousands use LV's robo-advice service


Will your pension policy like the upcoming budget?

What has the Chancellor have in mind for your pension, maybe the allowance will be reduced or restrict top ups.    

...Other possible pension targets are a reduction in both the annual allowance (currently £40,000) and the tapered annual allowance which restricts the amount high earners can put in a pension....

...This latter allowance could kick in at a lower salary level....

...Building a worthwhile pension fund is getting harder by the day....

Read More:
Got a pension through work? Take cover now before the Chancellor really gets going

Lastly, the pension dashboard needs regulation

This is regarding the Pensions Dashboard that will let savers see all their pension pots in one place and will help them to plan for their retirement more effectively.

..Regulators must introduce rules to ensure the pension dashboard cannot be used by scammers, according to Aviva head of retirement policy John Lawson....

...Ahead of this, Lawson (pictured) highlighted a number of issues the Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the government need to address....

Read more:
FCA must regulate to stop pension dashboard scams, says Aviva

If you would like to see how “Robo Advice” can be part of your organisation or what the impact of the pension dashboard will be on your organisation, please contact us.




Sharon Cronin

Sharon is Marketing Manager at Exaxe. She oversees the global marketing activities of Exaxe which includes marketing communications, marketing strategy, digital marketing and public relations. Sharon holds a Bachelor of Arts in Economics and English and a Master of Science in Marketing.

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