Certificate for Introduction to Securities & Investment (Cert.ISI) Unit 1
|
|
- Cameron Warner
- 8 years ago
- Views:
Transcription
1 14cis Certificate for Introduction to Securities & Investment (Cert.ISI) Unit 1 Lesson 14: Pension funds Insurance companies
2 Who buys government bonds? Government bonds are bought in large quantities by pension funds and insurance companies Government bonds are considered to be a secure investment Repayment is guaranteed by the government o Very rarely do governments go bust (so-called sovereign default ) The income stream is predictable and long-term UK government bonds in the UK are available with maturities between years o Many people start pension savings plans in their early 20s and cash them in at retirement 40+ years later
3 Pension funds A pension fund is the main way in which individuals make provision for income after retirement The basic state pension is currently worth a week Most people find the basic state pension inadequate (in fact, it is lower than the income support threshold) They need to top up the basic state pension with income from other sources usually from an additional pension plan Public sector employees usually get a final salary pension Upon retirement, a proportion of their final salary is paid to them each year until they die Public sector final salary schemes are index-linked (i.e. not vulnerable to inflation) and paid by the tax-payer Some companies still offer final salary pension schemes But the majority have switched to defined benefit With defined benefit, payments are made into the scheme and employees know the size of their pension pot upon retirement
4 Personal schemes Most pensions involve the payment of a regular sum of money into a retirement fund over the course of a working life The size of the eventual pension depends on how well the retirement fund has been invested and what return has been achieved Pension scheme managers will invest your contributions into a variety of assets Cash deposits, long-term bonds, property Occupational pension schemes The employer pays money into the retirement fund each month The employees pays money into the retirement fund each month Personal pension schemes Stakeholder pension cheap and simple professionally managed Self-invested personal pension (SIPP): you advise yourself o No employer contributions used mainly by the self-employed
5 Personal schemes What happens to your pension when you retire? The earliest you can retire and withdraw a personal pension is at the age of 55 (state pension is payable from the age of 65) Upon retirement, you can take out up to 25% of your pension pot as a lump-sum, paid tax-free The remaining 75% is used to provide a regular income for the rest of your life, which is taxable Annuities The pension provider undertakes to pay the pensioner a certain income each year an annuity The remaining 75% of the capital in the pension pot becomes the property of the annuity provider Annuity rates The level of income is determined at the time of conversion It depends on two main variables: o Yields on long-term government bonds at the time o Life-expectancy of the new pensioner
6 How big is the pension fund industry? The pension fund industry is the largest investor in the world In January 2008, it was estimated that pension funds worldwide hold over US$20 trillion in assets, the largest for any category of investor, including, insurance companies, sovereign wealth funds, hedge funds, or private equity Globally, the largest 300 pension funds collectively hold about US$6 trillion in assets. Some 20m people in the UK are members or beneficiaries of an occupational pension fund. Pension schemes in the UK have a combined value of approximately 800bn and represent the largest pool of capital in the UK economy, controlling a third of the stock market With a capital value of 388bn, the top 100 pension schemes represent approximately 47% of the total pension fund market.
7 Professional pension fund managers Pension funds are owned by the contributors and administered by trustees on their behalf. Very few trustees actually manage the funds themselves. They hire professional pension fund managers to do that for them. External fund management firms hired by the largest 50 pension funds in the UK (2006) Source: LSE In 1981, around 50% of the largest UK pension funds were internally managed. By 2006, only five were internally managed: the remainder all hired professional advisers In 2006, there were over 100 pension management firms in the UK
8 Are professional pension fund managers doing a good job? Performance of balanced managed pension funds vs the stock-market
9 Insurance types General insurance Motor Buildings Contents of homes Medical Life and pensions Term life insurance Whole-of-life insurance Personal pensions Group pensions Percentage of UK households buying insurance products and the price they pay each year Source: ABI
10 Long-term insurance business Life and pensions Term life insurance Whole-of-life insurance Personal pensions Group pensions Long-term business by type, , nominal values Source: ABI
11 Pensions and insurance companies Pensions are a key product for insurance companies Total funds held in life and pension schemes in real terms, bn, Source: ABI The UK insurance industry is the largest in Europe and the second-largest in the world after the US
12 Pensions and insurance companies Insurance companies provide roughly half of all UK pensions Money held in insurer-administered pensions as a percentage of total money held in all pension funds, Source: ABI The UK insurance industry is the largest in Europe and the third-largest in the world after the US
13 Pensions and insurance companies Of the top 10 insurance company pension providers in the UK, seven are UK-owned Top 10 UK insurance companies by funds held in insurer-administered pension schemes, bn, 2008 Source: ABI
14 Insurance companies and the UK economy Annual pension premium income for UK life insurance industry INDIVIDUAL PENSIONS m , , , , ,808 OCCUPATIONAL PENSIONS , ,983 Source: ABI Insurance companies employ 313,000 people in the UK That is one third of all financial services jobs in the UK Insurance companies are responsible for investments totalling 1.5trn, or 21% of the UK s total net worth In 2008, they controlled 13.4% of all investments in the London stock market the largest single stake Insurance companies are a major exporter One fifth of the insurance industry s premium income comes from overseas
15 Insurance companies investment holdings Invested funds by asset class, 2008 Source: ABI
16 How well are the insurance companies doing when it comes to managing pension funds? Funds invested in insurer-administered pension schemes compared to the FTSE All Share Index, Source: ABI
Guide to Retirement Planning 2014/15
Guide to Retirement Planning 2014/15 Retirement isn t what it used to be. In many ways it is better: people are living longer and enjoying healthier and more active retirement years. On the financial side,
More informationGUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement
GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and
More informationKey Features. of the Suffolk Life SIPP (Deed Poll Scheme)
Key Features of the Suffolk Life SIPP (Deed Poll Scheme) This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule of Allowable
More informationKEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers
KEY FACTS 2015 UK Insurance & Long Term Savings Key Facts 2015 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS The UK insurance and long term savings industry is
More informationO P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET
O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET 2014 EDITION Reviewed January 2014 INTRODUCTION This booklet is an overview of the main benefits and conditions
More informationGuide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk
Investment Helpdesk: 0131 550 1212 www.cs-d.co.uk SIPP stands for Self Invested Personal Pension. SIPPs are a flexible type of personal pension. Like most, they are designed to provide a retirement pot
More informationActive Money Personal Pension Key Features
Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.
More informationA B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Jargon Buster Contents listed alphabetically: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A Additional Voluntary Contribution (AVC) Extra payments you can make in additional to your main occupational
More informationCollective Retirement Account
Key features of the Collective Retirement Account The Financial Conduct Authority is a financial services regulator. It requires us, Old Mutual Wealth, to give you this important information to help you
More informationKEY GUIDE. Investing for income at retirement
KEY GUIDE Investing for income at retirement Introduction The decisions you make at retirement could have repercussions for the rest of your life. That might be considerably longer than you think, as the
More informationKEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read
KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.
More informationKEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser.
00000 Old Mutual Wealth Life Assurance Limited is a provider of long-term life assurance. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
More informationWELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN
WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN Investment guide The is an important part of your reward package. This guide aims to help you choose the funds in which to invest your personal Retirement
More informationBuy Out Bond Guide. Freedom to move
Buy Out Bond Guide Freedom to move About the company About the company Aviva Life & Pensions Ireland Limited is a subsidiary of Aviva Life Holdings Ireland Limited, a joint venture company between Aviva
More informationYOUR GUIDE TO RETIREMENT
YOUR GUIDE TO RETIREMENT www.phoenixlife.co.uk CONTENTS Page Purpose of this guide 3 Your pension options - Buying your pension income (annuity) from us 4 Your pension options - Buying your pension income
More informationGroup Additional Voluntary Contributions Plan Key features
Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.
More informationKey features of the Zurich Retirement Account
Key features of the Zurich Retirement Account Helping you decide This important document gives you a summary of the Zurich Retirement Account. Please read this before you decide to invest, and keep it
More informationSelf Invested Personal Pension
Self Invested Personal Pension Product providers for financial advisors A simple guide to securing your future Who are we? Wealth Options Ltd. is a leading distributor of innovative products to the Irish
More informationClerical Medical s Individual Stakeholder Plan is a personal pension a tax-efficient investment designed to help you save for your retirement.
1of6 FutureProof INDIVIDUAL STAKEHOLDER PLAN Product information Clerical Medical s Individual Stakeholder Plan is a personal pension a tax-efficient investment designed to help you save for your retirement.
More informationYour guide to retirement savings and fund choices
Your guide to retirement savings and fund choices The Global Connections Group Personal Pension Plan for employees automatically enrolled into the plan Contents What is The Global Connections Group Personal
More informationTAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions
TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy
More informationUK INSURANCE KEY FACTS 2014. UK Insurance KEY FACTS. Follow us on Twitter @BritishInsurers
UK INSURANCE KEY FACTS 2014 UK Insurance KEY FACTS 2014 3 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS About the ABI The Association of British Insurers is the
More informationKey Features Document
Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and
More informationImportant information. Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options)
Important information Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options) > Contents About this booklet 3 About our Flexible Retirement Plan 4 Who can take out a Flexible
More informationMaking the right pension transfer decision
Making the right pension transfer decision Clearing away confusion between QROPS, SIPPs, and QNUPS Over 30 years experience providing independent pension advice to expatriates and people working abroad
More informationAnnuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options
Annuity Principles and Concepts Session Five Lesson Two Annuity (Benefit) Payment Options Life Contingency Options - How Income Payments Can Be Made To The Annuitant. Pure Life versus Life with Guaranteed
More informationBuying a pension annuity
Buying a pension annuity Why do I need to think about buying a pension annuity? When you come to retire, you will have some important decisions to make. Probably most important of all is how you will generate
More informationOptions available when deciding to take pension benefits
Options available when deciding to take pension benefits You can now use the money that has built up in your pension fund to provide you with an income in retirement. An income can be provided in any of
More informationRetirement Account Plan Key features
Retirement Account Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard
More informationMerchant Navy Officers Pension Plan
MNPA merchant A4 20pp_v5_aw 19/9/07 17:31 Page 1 @ Your benefits explained September 2007 MNPA merchant A4 20pp_v5_aw 19/9/07 17:31 Page 2 @ 00/01 Contents 01 Some terms you need to know 00/01 Some terms
More informationInvestment Guide. Understanding how your pension is invested
Understanding how your pension is invested Introduction The Creative Pension Trust ( the Scheme ) is an occupational money purchase pension scheme. It operates as a master trust, which means that many
More informationSELECT SIPP. Taking pension benefits guide
SELECT SIPP Taking pension benefits guide Please read this guide in conjunction with the Alliance Trust Savings Handbook and the appropriate Key Features documents. Alliance Trust Savings does not give
More informationHow To Take A Pension From A Pension Fund
UPDATED: 6 April 2015 NEW pension freedoms Your options at retirement How to take tax-free lump sums and income, under new pension freedoms One College Square South, Anchor Road, Bristol, BS1 5HL www.hl.co.uk
More informationTax planning for retirement By Jenny Gordon, head: Retail Legal
Tax planning for retirement By Jenny Gordon, head: Retail Legal Agenda Tax deductions on contributions from 1 March 2015 Non-retirement funding income Tax during build up Tax on transfers Tax on lump sum
More informationPENSION INVESTMENT APPROACHES GUIDE. More detailed information
PENSION INVESTMENT APPROACHES GUIDE More detailed information OUR COMMITMENT TO YOU We want to do everything we can to help you achieve what you need from your plan. Aiming for investment growth is vital,
More informationPersonal Pension Account
Personal Pension Account Contents Introduction... 1 A Closer Look At Our Personal Pension Account... 2 What Are The Tax Advantages?... 3 Flexible Contribution Options... 4 You Control Your Investment...
More informationPreparing for 6 April 2015 Are you ready for Question Time?
Are you ready for Question Time? Background The new flexible pension regime will come into effect on 6 April 2015 There is already extensive press coverage of the changes In understanding the changes it
More informationHILDA & JOHN ENHANCED ANNUITIES
HILDA & JOHN ENHANCED ANNUITIES 20 July 2015 OBJECTIVES 1. John would like to secure a known income stream so Hilda can live a bit better should he die in the next few years 2. Ensure you don t have to
More informationKEY FEATURES OF THE METLIFE INVESTMENT BOND PORTFOLIO ENTER A MORE CERTAIN WORLD
KEY FEATURES OF THE METLIFE INVESTMENT BOND PORTFOLIO ENTER A MORE CERTAIN WORLD Investment Bond Portfolio Contents 1 Key Features of the MetLife Investment Bond Portfolio 2 2 Guarantee Options 6 3 Other
More informationThe Partnership Enhanced Retirement Account
For financial advisers only not for retail clients The Partnership Enhanced Retirement Account ADVISER GUIDE 2 ENHANCED RETIREMENT ACCOUNT Contents Introduction 3 The ERA an all-in-one solution 4 Benefits
More informationCHOOSING YOUR INVESTMENT FUND.
STAKEHOLDER PENSION PLAN CHOOSING YOUR INVESTMENT FUND. This is an important document. Please keep it safe for future reference. INSURANCE. SAVINGS. INVESTMENT MANAGEMENT. 2 STAKEHOLDER PENSION PLAN CHOOSING
More informationA Guide to Retirement Options. Contents
A Guide to Retirement Options Contents 2. Quick Guide 5. Lifetime Annuities (Secured Pension) 6. Single Life and Joint Life Annuities 6. Level and Escalating Lifetime Annuities 6. Impaired Life and Enhanced
More informationPENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.
PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots
More informationKey features. For customers One Retirement
For customers One Retirement Key features Contents Its aims 02 Your commitment 02 Risks 03 Questions and answers 04 Secure retirement income (SRI) 08 Other information 11 How to contact us 12 The Financial
More informationWelplan Pensions. Flexibility for members from 6 April 2016. Spotlight on flexibility:
Welplan Pensions Flexibility for members from 6 April 2016 Spotlight on flexibility: Pension freedom is great news for members Changes in the law mean that from 6 April 2015 many members of pension schemes
More informationClose Brothers Self Directed Service Key Features and Charges
Close Brothers Self Directed Service Key Features and Charges Contents 1) Key Features of the Close Stocks & Shares ISA and Close Cash ISA 2) Key Features of the Close Investment Account 3) Key Features
More informationTaking control of your future
The Association of Investment Companies Taking control of your future A guide to Self-Invested Personal Pensions September 2014 www.theaic.co.uk The Association of Saving for your retirement is one of
More informationRetirement. 2012/13 guide to... Mapus-Smith & Lemmon LLP. Chartered Accountants
2012/13 guide to... Retirement Planning Mapus-Smith & Lemmon LLP hartered Accountants 48 King Street, King s Lynn, Norfolk. PE30 1HE Tel: 01553 774761 Fax: 01553 768419 www.mapus.co.uk your guide to Retirement
More informationFreedom and Choice in Pensions. Your guide to the changes
Freedom and Choice in Pensions Your guide to the changes Contents Freedom and Choice 3-5 in Pensions Buy an annuity 6-7 Remain invested - 8-9 entering drawdown Take a cash lump sum 10 Will providers offer
More informationDB Personal Pension Plan
Deutsche Bank Human Resources DB Personal Pension Plan Handbook for employees of DB Group Services (UK) Limited DB Personal Pension Plan Contents Introduction 4 What is the Group Personal Pension Flex?
More informationTD Direct Investing A Guide to SIPPs
TD Direct Investing A Guide to SIPPs Introduction If you are considering investing for retirement, there are a number of ways to approach it. One way is to embark on the do it yourself (DIY) self investment
More informationUNDERSTANDING YOUR FUTURE CREATE A PICTURE OF YOUR RETIREMENT
UNDERSTANDING YOUR FUTURE CREATE A PICTURE OF YOUR RETIREMENT CONTENTS My Future 2 Your Family 2 Your Property 3 Your Assets 3 Your Future Summary 4 Your Retirement 4 Your Future Income 5 Details & Events
More informationG4S Personal Pension Plan Employee Guide
G4S Personal Pension Plan Employee Guide Expiry 05/04/16 Section Page number Introduction 1 Contacts 1 What the Plan can offer you 2 How does the Plan work? 3 Contribution levels 4 Contribution limits
More informationImportant document please read. Wesleyan SIPP (Self-Invested Personal Pension)
Important document please read Wesleyan SIPP (Self-Invested Personal Pension) Key features of the Wesleyan SIPP (Self-Invested Personal Pension) The Financial Services Authority is the independent financial
More informationGroup Flexible Retirement Plan Key features
Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 21 Terms and conditions for joining: Pages 22
More informationHow to Invest Your AvC pension
Shell Contributory Pension Fund Additional Voluntary Contributions Arrangement Understanding your AVC investment choices Produced in Association with the Trustee s Adviser Aon Hewitt July 2013 1 July 2013
More informationLearning Objectives 26. What Is Insurance? 3. Coverage Concepts 8. Types of Insurance 10. Types of Insurers 11. Introduction 26
Contents u n i t 1 Introduction to Insurance 1 Introduction 2 Learning Objectives 2 What Is Insurance? 3 Risk 4 Coverage Concepts 8 Types of Insurance 10 Types of Insurers 11 Domicile and Authorization
More informationRETIREMENT ACCOUNT ADVISER TECHNICAL GUIDE
RETIREMENT ACCOUNT ADVISER TECHNICAL GUIDE This information is for UK financial adviser use only and should not be distributed to or relied upon by any other person. INTRODUCTION THE RETIREMENT ACCOUNT
More informationA Guide to Approved Retirement Funds (ARF)
& Guidance RF A Guide to Approved Retirement Funds (ARF) A Guide to Approved Retirement Funds Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would
More informationOur guide to. buying an annuity
Our guide to buying an annuity 2 Our guide to buying an annuity Contents Introduction 3 Pension reforms Thinking about retirement 3 Money and budgeting How can we help? Your retirement timeline Key questions
More informationChartered Accountants & Business Advisers
Your Guide to Retirement Planning 2011/12 RITSONS hartered Accountants & Business Advisers www.ritsonsca.com Your Guide to Retirement Planning Retirement isn t what it used to be. In many ways it is better:
More informationGW Contracted-out Money Purchase Scheme ( the Scheme ) Statement of Investment Principles
GW Contracted-out Money Purchase Scheme ( the Scheme ) Statement of Principles This Statement of Principles (SIP) covers the defined contribution section of the Scheme. It is set out in three parts: 1)
More informationHow should I invest my Pension/Investment money? Thank you to AXA Wealth for their contribution to this guide.
How should I invest my Pension/Investment money? Thank you to AXA Wealth for their contribution to this guide. www.increaseyourpension.co.uk Welcome to making investing simple Investing doesn t have to
More informationFor BP UK employees. Pension plan investment guide. Pensions Investments Protection
For BP UK employees Pension plan investment guide Pensions Investments Protection This guide is for current members of the Defined Contribution 2010 Pension Plan and BP UK employees who are considering
More informationKey Features of the Ascentric Pension Account (SIPP)
Key Features of the Ascentric Pension Account (SIPP) Introduction The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you
More informationwww.civilservice-pensions.gov.uk
www.civilservice-pensions.gov.uk This booklet is published by Civil Service Pensions. Crown Copyright June 2008 Printed by St Ives Direct PPA-1 partnership pension account Contents partnership pension
More informationThe Personal Range Key Features of the Individual Personal Pension Transfer Value Account
The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends
More informationCurrent Issues April 2015
In this issue: Pension tax: a post-election change - whoever wins Further help to buy from the government A savings tax cut Selling your pension annuity Income tax changes Pension tax: a post-election
More informationpartnership pension account A guide to available benefits
partnership pension account A guide to available benefits Contents partnership pension account 3 Paying into your pension 4 Choosing your pension fund 8 How to open a partnership pension account 13 Leaving
More informationUniversity of Reading Pension Scheme
Human Resources University of Reading Pension Scheme Investing for Retirement Introduction After deciding how much to save for retirement, where to invest the contributions that you and the University
More informationIt s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity
It s flexible Key features of the Flexible Income Annuity Flexible Income Annuity This is an important document and you should read it before deciding whether to buy your pension annuity from us Purpose
More informationSchedule of Allowable Investments
Schedule of Allowable Investments for the Suffolk Life MasterSIPP This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule
More informationSHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book
SHELL CONTRIBUTORY PENSION FUND Additional Voluntary Contributions Arrangement Explanatory Book July 2013 CONTENTS 1 Introduction 3 2 What are AVCs? 7 Why pay AVCs? 10 How do AVCs work? 12 What options
More informationSynergy International Personal Pension (SIPP)
Synergy International Personal Pension (SIPP) Synergy. We re all individual. And more and more of us understand the use of self-invested pension plans (SIPPs) to create an individual retirement fund and
More informationThe General Dental Council 1970 Pension and Life Assurance Plan Statement of Investment Principles July 2011
1 Introduction 1.1 The Scheme The General Dental Council 1970 Pension and Life Assurance Plan Statement of Investment Principles July 2011 The Plan has two sections - a Final Salary section and a Defined
More informationKey Features of the Prudential Personal Pension Scheme
Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,
More informationJohn and Deena Smith SaidSo Client Number: 3xampl3
John and Deena Smith SaidSo Client Number: 3xampl3 YOUR SAIDSO FINANCIAL PLANNING REPORT ed [Pick the date] [Type the abstract of the document here. The abstract is typically a short summary of the contents
More informationElite Retirement Account TM
Elite Retirement Account TM Key Features of the Elite Retirement Account The Elite Retirement Account (ERA) is a Self Invested Personal Pension (SIPP). A SIPP is a personal pension that allows you greater
More informationAnnuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...
An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...
More informationYour guide to Annuities
Your guide to Annuities From Standard Life It s good to know what s around the next corner 1 of 24 If you would like a secure source of income and have a built up pension fund or a lump sum to invest,
More informationUnderstanding Annuities: A Lesson in Annuities
Understanding Annuities: A Lesson in Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that you
More informationThis document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ).
Fact sheet 4 Fees and other costs This document is a Fact Sheet for the Product Disclosure Statement dated 22 May 2010 for Flexible Lifetime - Super and Allocated Pension ( PDS ). CONTENTS PAGE Taxation
More informationpension funds Occupational pension funds Banks ATP SP Year End - DKKm
Assets: 2013 2013 2013 2013 2013 2013 2013 2013 Investment Property 3,1 11,0 1,3-7,6 - - associated undertakings 371,7 85,6 2,0-68,7 - - Participating interests 71,6 35,1 0,5-30,5-17,0 Unit of unit trust
More informationNurturing your investment
helping life flow smoothly UNITED UTILITIES PENSION SCHEME Investment choices Nurturing your investment Contents Investment choices 1. A BRIEF GUIDE TO INVESTMENTS A reminder of the main different types
More informationThe Retirement Account. Certainty, flexibility and simplicity for life
Certainty, flexibility and simplicity for life Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace our roots back over 150
More informationSelf-Invested Personal Pensions
A guide to COCKBURN LUCAS INDEPENDENT FINANCIAL CONSULTING Self-Invested Personal Pensions Contents 1. What is a SIPP? Giving you control 2. What tax advantages does a SIPP offer? Tax relief on pension
More informationFinancial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning
& Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities
More informationSIPP Key Facts. This is an important document which you should keep.
SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires
More informationBasic Guide to Retirement Income Options
Basic Guide to Retirement Income Options Can I afford to retire? Which retirement income solution is best for me? Should I take all my tax-free cash entitlement? Will my family benefit from my pension
More informationKey Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales
Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Important information you need to read The Financial Conduct Authority is an independent financial
More informationThe Fidelity SIPP. December 2015. Incorporating the Key Features, Generic Illustration and the Fidelity SIPP Terms and Conditions
THIS DOCUMENT MUST BE READ IN CONJUNCTION WITH THE KEY INVESTOR INFORMATION DOCUMENT (KIID) AND/OR THE FUND SPECIFIC INFORMATION (FSI) December 2015 The Fidelity SIPP Incorporating the Key Features, Generic
More informationTHIS DOCUMENT IS FOR USE WITH A FINANCIAL ADVISER ONLY OLD MUTUAL GENERATION FUNDS INVESTING FOR RETIREMENT INCOME
THIS DOCUMENT IS FOR USE WITH A FINANCIAL ADVISER ONLY OLD MUTUAL GENERATION FUNDS INVESTING FOR RETIREMENT INCOME INSIDE 1 2 4 6 9 10 11 12 13 13 Retirement calls Key considerations What are the Generation
More informationFree Standing Additional Voluntary Contributions Plan Key Features
Free Standing Additional Voluntary Contributions Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.
More informationFinancial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning
& Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities
More informationFinancial Conduct Authority Retirement Income Market Data
Financial Conduct Authority Retirement Income Market Data July September 2015 Contents Introduction 1 1 Executive summary 2 2 Our sample 5 3 Consumer choices 6 4 Withdrawals 12 5 Use of regulated advisers
More informationHOW WE MANAGE THE PHOENIX LIFE LIMITED SPI WITH-PROFITS FUND
HOW WE MANAGE THE PHOENIX LIFE LIMITED SPI WITH-PROFITS FUND A guide for trustees with Simplified Pension Investment deposit administration policies invested in this fund The aims of this guide The guide
More informationTIAA-CREF Life Insurance Company. Single Premium Immediate Annuities. Step closer to meeting your lifetime income needs.
TIAA-CREF Life Insurance Company Single Premium Immediate Annuities Step closer to meeting your lifetime income needs. Securing a lifetime of retirement income TIAA-CREF: Financial services More than 90
More informationKEY GUIDE. Investing for income when you retire
KEY GUIDE Investing for income when you retire Planning the longest holiday of your life There comes a time when you stop working for your money and put your money to work for you. For most people, that
More informationSelf Select Investment Guide move ahead
Self Select Investment Guide move ahead For members of The Barclays Bank UK Retirement Fund (the UKRF) 2 Self Select Investments move ahead Inside this guide Welcome to Self Select 2 Investments Choosing
More information