A growing desire among investors to stake their money on companies demonstrating a high level of ethical and moral behaviour has given rise to an increasing number of ethical investment funds.
A recent study found that over four million people intend to work beyond the state retirement age because they can’t afford to retire.
These two types of Trusts have notable differences and the right decision for investing money will depend on an individual’s requirements and expectations.
Salary sacrifice is not suitable for everyone, and the ramifications need to be explored in depth before an employee commits, but it can prove a highly efficient way of saving for a pension, and may also reduce tax and NI.
The ‘Chartered Financial Planner’ qualification was introduced in 2006 to create a new standard for financial advice that is independent, professional, and regulated by strict guidelines.
Plans to link state pensions to the lower Consumer Prices Index (CPI), rather than the Retail Prices Index (RPI) have created concern for those who are retired or people saving for retirement.
The government will push ahead with implementing the 2008 Pensions Act, including a National Employment Savings Trust (NEST).
This news is receiving mixed reviews among pension providers and experts. Will the proposed extra flexibility create an incentive to save, or further complicate retirement planning?