Tuesday, 8 July 2014

Who will be affected by the new Pension rules?

This may seem like a simple question, however there are a number of statistics* that mean sensible advice is required to make use of the additional flexibility afforded to individuals in Money Purchase Pension Schemes.

  • The UK population is growing but is still aging;
  • The number of people aged 65 and over reached £1.1m in mid 2013;
  • This represents 17.4% of the UK population;
  • The life expectancy of a male aged 65 today is 85 years and 3 months;
  • The life expectancy of a female aged 65 today is 87 years and 9 months.

To put it simply – you are a long-time retired, so planning, that is both reflective of your circumstances and aligned with your objectives, is therefore paramount to an enjoyable retirement.

For more information please visit www.wardwilliamsfs.co.uk or call us on 01932 830664.

*Source: New Model Adviser July 2014

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