Actuarial Post: All the king’s horses…

September 11, 2018 Tom Murray

FCA retirement planning retirement income Pensions freedom Pension Wise

ACTUARIAL POST: All the king’s horses…  This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  August 2018 edition of the Actuarial Post.   Once upon a time, people saving for their retirement were given a great deal of support by the taxpayer. This was provided on the basis that there were severe restrictions around the money saved and that the savers would ultimately be forced to use that money to buy annuities. These would provide a guaranteed income in retirement, ensuring that the taxpayer would have far less responsibility for the retiree, and therefore was getting a good deal for the tax foregone.
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Long-term care: Care-less attitude doesn’t bode well…

July 23, 2015 Tom Murray

Pensions UK Pensions freedom Life and Pensions Government

Care-less attitude doesn’t bode well… Hot on the heels of the Chancellors pension freedoms comes the news that the changes to the long-term care system that were designed to make long term care more affordable are being delayed until the next government. 2020 is now the stated date for the introduction of the reforms based on the Dilnot report, although they were due to go live in April 2016.
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Is this really pension freedom?

June 03, 2015 Tom Murray

Financial Adviser Pensions UK Pensions freedom pension provider

“Freedom is not worth having if it does not include the freedom to make mistakes.” ― Mahatma Gandhi
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