MoneyTalk

 

How To Maximise Your Pension

26 September 2011
In this week’s episode:

David Kuo chats with Billy Burrows from Better Retirement Group about the current state of personal pensions in the UK. They look at the outlook for bond yields, the upcoming NEST scheme for workplace pensions, and some of the more attractive annuities that people may want to consider.

 

A transcript of this podcast is also available.

David Kuo and Billy Burrows
David Kuo and Billy Burrows

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

anilkumar9 26 Sep 2011 , 1:49pm

I am more interested in drawdown option9pension pot £ 150,000+.Is there an inflation indexed draw down plan available please ?My age is 63.5(Retired at 60)
Thanks

shinygoldcar 26 Sep 2011 , 4:30pm

I know this requires savvi-ness, but if rising annuities are poor value-for-money compared to fixed ones, they why don't people take the fixed annuity, live off what they would have received from the rising one, and save/invest the rest. If they live the twelve-or-so years, then they can top up the fixed annuity income with the surplus that has been put away!

rober00 26 Sep 2011 , 5:34pm

Very good one David!! Well Done.

annuityfool 27 Sep 2011 , 12:55pm

in response to the question about inflation indexed draw down plan, the quick answer is there isn't such a thing but a longer answer is that there is nothing stopping you taking a drawdown plan where the income starts below the minimum but increases each year - you simply use the income flexibility option of drawdown.

in response to question about rising annuities - an actuary friend wrote a paper saying that it is better to take the level annuity but not spend all of it and save some income to use as protection against inflation - only problem is most people will spend all the income immediately

TMFDragon 28 Sep 2011 , 1:09pm

Hi All

Merryn Somerset Webb from Money Week will be my guest on Money Talk next Tuesday. We will be talking about GOLD!

If you have any question you would like to put to Merryn, please email them to me at moneytalk@fool.co.uk and I will do my best to include them.

Regards

David

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MoneyTalk is a podcast from The Motley Fool UK. Hosted by Owain Bennallack, it's a lively roundtable discussion in which Fool writers and guests from the world of money thrash out the financial issues of the day.

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