Bailey Richards Insights

Should you transfer your DB pension?

Posted by Simon Richards on Nov 27, 2018 11:46:00 AM

Being offered the chance to transfer a defined benefit (DB) pension into a defined contribution (DC) scheme means making a big decision - one not to be taken lightly. What’s more, if you decide to transfer, there’s no going back. This means it’s incredibly important that you fully understand the implications of your final decision, whether it is to stay in your DB scheme or to transfer out. You may be offered a financial incentive to transfer out. It is important to carefully evaluate this incentive before you transfer out.

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Topics: Defined Benefit Pension, final salary pension, pension

Preparing for retirement

Posted by Simon Richards on Nov 26, 2018 11:46:00 AM

Being financially prepared for retirement is essential. If you’re not, the later life dreams you’ve been working towards for your entire life might end up being just fantasies. Consider getting financial advice because how you choose to manage your savings and pensions will have a large bearing on your future happiness and stability.

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Topics: retirement, money

The advantages and disadvantages of transferring your DB pension

Posted by Simon Richards on Nov 21, 2018 11:46:00 AM

Years ago, people who worked for big firms built up a company pension based on how long they had worked for the firm and how much they earned. In these much simpler days, beyond a certain point, people didn’t have to think much about their pensions. The pension they would receive was guaranteed by the rules of the pension scheme and was set in stone from the moment they retired. These are known as defined benefit pension (DB) schemes.

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Topics: Defined Benefit Pension, pension, final salary pension

How much money do you need to retire?

Posted by Simon Richards on Nov 18, 2018 11:45:00 AM

This is your number - a very important figure to know. When you reach it, you can comfortably leave work, safe in the knowledge that you will have the required income. The hard part is getting a number that takes into account the potential for your circumstances to change.

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Topics: retirement, money

Guide to Self-invested Personal Pensions

Posted by Simon Richards on Nov 9, 2018 12:48:22 PM

Taking greater control of your retirement plans for the future.

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Topics: Guides

Investing – Inflation Spreads

Posted by Simon Richards on Nov 9, 2018 12:42:50 PM

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Topics: Guides

Investing 2017-Spreads

Posted by Simon Richards on Nov 9, 2018 12:40:20 PM

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Topics: Guides

July Smart Money Guide

Posted by Simon Richards on Nov 9, 2018 12:38:12 PM

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Topics: Guides

Road to Brexit

Posted by Simon Richards on Nov 9, 2018 12:36:06 PM

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Topics: Guides

Guide to retirement planning

Posted by Simon Richards on Nov 9, 2018 12:34:06 PM

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Topics: Guides