pension options

Retirement

Financial crisis delays Retirement

Small–business owners are being forced to shelve their retirement plans because of the deepening economic crisis, according to financial services firm Clifton Asset Management (CAM). CAM’s survey of more than 1,000 small–business owners revealed that 42% blamed the credit crisis for dealing a ‘major blow’ to their retirement prospects. The research also found that 40% said that their pensions and savings were their main concern, with an equal number saying that the bleak economic outlook had severely affected the likelihood of finding an interested buyer. CAM director Anthony Carty said: “The ongoing stock market turmoil and the bail–out of the banks will do nothing to calm people’s fears when they weigh up their retirement options in the com... »

Your Pension Options

Introduction to Your Pension Options Everyone needs to plan ahead for retirement. The basic State Pension will give you a start but you’ll need to build up a second pension to make sure you have the lifestyle you want in retirement. And the sooner you take one out, the better. To help you, this introductory guide tells you about the different types of pensions you can get, raises some of the questions you may need to think about, and tells you where you can find more information. Other guides in this series will give you more information about particular areas of pensions. See details about how you can get copies of these guides. These guides can give you helpful information, but only you can make decisions about your pension. »