Pensions

Phoenix Life cuts exit charges

Phoenix Life, the pensions company that specialises in taking on other insurers’ historic savings plans, has dropped exit fees for customers who have benefits worth less than £5,000.

Pensions are changing. Old-style defined-benefits pensions are disappearing. State coffers are running dry. And the government is constantly fiddling with the pensions rules. A comfortable retirement is by no means guaranteed.

So now more than ever it’s vital that you build up a healthy pot of money that you can draw on to fund your retirement. At MoneyWeek, we can help you do that. Not only accumulating your pension pot throughout your working years, but also making sure it produces the income you need to enjoy your retirement.

Latest articles on pensions

Pensions and savings tax relief under attack

Philip Hammond © Getty Images

MPs want to reform the savings and pensions tax relief system to benefit the less well-off.

Children's pensions: should you save for junior?

A child © Getty Images

Starting a pension for your child might not be the best option, says David Prosser.

Pension withdrawals tax trap won’t be closed

Chirpy pensioners playing Jenga © Alamy

HMRC refuses to reform its clumsy taxation of pension withdrawals, says David Prosser.

How to avoid pension drawdown rip-offs

Woman holding money © Alamy

Pensions freedom has overwhelmed some savers, says David Prosser. But new rules are on the way.

Civil partnership ruling boosts pension rights

A Supreme Court ruling that it is unlawful for an opposite-sex couple to be barred from entering into a civil partnership could help many more people qualify for pension benefits.

University dons are getting a good pensions deal

University pensions protest © Alamy

Universities are converting from final-salary to defined-contribution pension schemes. Academics should be grateful, says Max King.

EIS: don’t buy just for the tax breaks

A country pub © Alamy

Don’t rush into an EIS for tax reasons, says David Prosser. Judge the underlying investments.

Small businesses can't dodge pensions auto-enrolment

Man dressed as Sherlock Holmes, with bloodhound and magnifying glass © Getty Images

Regulators turn the focus on employers looking to circumvent auto-enrolment and lock employees out of pensions.

Equitable Life to be sold

Honor Blackman © Rex Features

There is finally some respite at last for long-suffering savers with the disaster-hit firm, says David Prosser.

Why retirees shouldn't write off annuities

Man reading the FT on a hammock © Alamy

Annuities have a bad reputation, but most retirees would be better off buying one, says David Prosser.

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