Are good DIY Pensions really possible?

Posted by William on May 1st, 2008 in Pension Transfer

Hi folks,

I’ve talked in the past about a certain type of personal pension that’s proven it’s worth for those who prefer to take an active role in managing their own portfolios. Today I want to return to them because I get the feeling that they are often under reported or even maligned a little when they shouldn’t be. As a consequence those of you who are more proactive may decide that the good returns they’ve produced in the past for others are worth considering for yourself in return for a little of your own hands on activity in managing your portfolio.

So what am I talking about?

I mean investing in or transferring to a Self Invested Personal Pension (SIPP) of course.

Here’s why I think they are now good value if you like to feel in control when investing your money.

Continue reading this post…

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NHS Pension changes

Posted by William on April 25th, 2008 in Pension Transfer

Hi all,

If you are one of those lucky bodkins with a NHS Pension then this involves you!

However…

I’m in a real rush tonight - I’m off to Wales for the weekend with my daughter who’s competing in a dance competition (such is a Dad’s lot, still she’s worth it!) and there’s a tiny scrap of time left to get this out to you so let’s cut to the chase…

I’ve spoken about the advantages of remaining in certain public sector pension schemes in my recent Pensions MP3 and how it wouldn’t be advisable in most cases to transfer out of such schemes as those provided by the NHS for example.

So today, I’ve an important pensions video from the BMA that you should watch if you have an NHS pension yourself.

It details the recent changes to the NHS plan and the introduction of the new ‘enhanced’ scheme - and covers things like why your contribution rates will increase, how you can improve your benefits by buying more annual payment contributions, what happens if you use the NHS income drawdown facility and whether you should transfer from the ‘old’ NHS scheme to the new improved version that’s here.

If you’re in the NHS I’d say this was required viewing.

Here’s also the link to the very handy NHS Pension Calculator.

All the best and have a great weekend.

William.

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