The Guide area to the principal ground of Cook Library Cook Library’s.

March 7th, 2016 - Posted by

The Guide area to the principal ground of Cook Library Cook Library’s.

primary ground has many helpful guides like dictionaries, handbooks, topic encyclopedias, and bibliographies that provide overviews or history data on a wide selection of subjects.

Trending Webtexts Firstperson in an Educational Dissertation

March 4th, 2016 - Posted by

Trending Webtexts Firstperson in an Educational Dissertation

“Using First-Person in a Academic Composition: Whenever Could It Be Ok?” was compiled by Jenna Bunch. Often times, high school students are instructed never to employ first-person (?I,? ?we,? ?my,? ?us,? etc) in their essays. Being a college student, you should understand that this can be a concept that will be broken?at the proper occasion, of course.

Persuasive Speech Rights – Pay someone to write college composition

February 26th, 2016 - Posted by

Persuasive Speech Rights – Pay someone to write college composition

It is a persuasive composition I composed for Lit. (Prepared 10/15/00) Do animals deserve to own rights? The right to your residence? Love? Food and water? Medical Attention? Of the thousands of people who own pets, the vast majority will respond, Of class!

The Cheapest Way to Repatriate Funds From Abroad

February 3rd, 2016 - Posted by

Repatriating money from abroad could be an intimidating process, especially since it is done in conjunction to additional relocation tasks such as shipping one’s belongings overseas, and finding a new place to reside in.

Those who never experienced the burdens of relocation may assume financial issues are somewhat seamless, while they most certainly aren’t. Not only funds should be moved from Point A to Point B, they should be exchanged, in whole or partially, to Point B’s local currency.

Residence is our major need these days.

January 28th, 2016 - Posted by

Residence is our major need these days.

House is vital thing in our living since we are generally protected by household from the rain, wind, crazy animal, etc. that is why individuals produce a comfortable home or possibly a luxury house for themselves.

January 22nd, 2016 - Posted by


Curiosity, Creativity & Discovery: The Importance of Toys in Children’s Life

September 7th, 2015 - Posted by

Everyone can remember their favourite toy, whether it was a teddy bear, a wooden train or a model plane. What we probably didn’t know then was how important playtime was in influencing our characters, aiding our development and preparing us for the future.

Ten of the Best Money Saving Apps

June 3rd, 2015 - Posted by

Perhaps you’re already a pro at saving money. Maybe you snip vouchers, check supermarket labels and know when all the sales are about to hit. However, if you haven’t added these money saving apps to your arsenal, you’ve only just scratched the surface.

Below are our favourite ten money savvy apps, designed to get you discounts, find you freebies and make you money. Try them; every one of them is free.

Transfer your ISA and maybe make more money

April 30th, 2015 - Posted by

isaIf you’re an avid, regular saver and enjoy putting money aside for a rainy day, you might have already opened an ISA – a tax free or tax-efficient savings account. If so, great! But it’s important not to just leave your ISAs neglected for years on end – if you do, you could be losing out on better returns or lower fees. Some people forget that you can move your ISAs from one provider to another as frequently as you wish without losing any of the ISA tax benefits in the process.

In order to reach your savings goals quicker, it’s essential to seek out the best ISA products for you and transfer any ISAs that aren’t yielding the returns you’d hoped for to one with a better rate or simply to a company that better suits your needs and wants. There are two main ways of doing this.

Saying “Farewell” to Final Salary Pensions

February 24th, 2015 - Posted by

john lewis waitrose
The John Lewis Partnership (that includes Waitrose) are to axe their generous final salary pensions for employees, as British business moves one step closer to the eradication of the out-dated schemes.

With the help of Gary Singh, independent financial advisor at Sigma Wealth Management, we took a look at the demise of the final salary pension to see just what this means for retirees moving forward.

Final salary pensions are a continued income paid to a company’s employees on retirement. Usually it is calculated as one-sixtieth of your final salary, multiplied by the number of years you have been part of the scheme. “Virtually every firm is moving away from final salary pensions” explains Gary. “We’re living longer and working a lot longer, so schemes are becoming more and more expensive to run”.

The idea behind final salary pension schemes is that, rather than having to contribute to your own private pension scheme each month before purchasing an annuity in retirement, your employer continues to pay you once you’ve retired from the company.

With all the risk lying with the employer, combined with rising mortality rates and falling stock markets, final salary pensions have become too much of a financial burden for most companies.

Gary Singh spoke to us about the responsibility that retirees have now business are moving away from these schemes, and told us that “The onus is now on the individual to make their own provisions so seek professional advice. Before you never had to worry about your pension but that’s no longer the case.”

It isn’t surprising that UK companies are moving away from final salary schemes for their employees. Supermarket giant Morrisons, who announced they were changing their scheme a few months ago stated that they expected to save between £5 million and £10 million per year. And as many of the remaining final salary pensions in the UK are found in the public sector (final salary pensions are 10 times more common in the public sector), the government’s recent announcement of restructures to their pension scheme have been met with contention by employees despite the fact it should save an estimated £430 billion of tax payer’s money.

But where does the axing of final salary pensions leave workers who were expecting this generous pension income? “Invariably you will be worse off as you’ll have to contribute more for your returns,” states Gary. But he does believe that it isn’t all doom and gloom, and moving away from these schemes will have many benefits for workers, particularly following his year’s pension reforms.

“Come April, once you retire, you’ll have access to your entire pension fund, rather than relying on a company to pay out your pension.”

Retirees will be able to access their entire pension funds, with 25% of this tax-free. Because final salary pensions are paid on retirement as a regular income (not dissimilar to an annuity), they aren’t flexible. The new rules will allow greater flexibility and the added benefit for those in retirement to access their pension funds as they desire.

We are also seeing many employees taking steps to alleviate their risk of being tied into pension payments: “We’ve seen people being offered between 20 and 25% on top of their pension fund value as an incentive to leave the scheme. I know of somebody who was offered £18,000 at the age of 62 to transfer out of their final salary pension scheme.”

Transferring out of your final salary pension scheme also has additional benefits for your family and loved ones. While your employees final salary scheme may have only offered a spouse 50% of your funds value once you die (and nothing for additional heirs once they are gone), the new rules will allow you to do as you wish with your pension savings. “With a final salary pension, if you die your heirs may not fully benefit from your scheme – a spouse may be offered half of its value. But once they die, the money cannot be paid out to any other heirs. By transferring out, your money is available to pass on as you wish when you die.”

So while the national press may outline only the negatives of the demise of final salary pension schemes, along with this year’s pension reforms UK workers can actually expect even greater flexibility from their pension funds – even though in the long run it may be slightly undervalued compared to a final salary scheme. As always, we would recommend you seek final advice from an independent advisor before transferring your pension scheme to a defined contribution option, or if you have any concerns about your current financial situation in retirement. As Gary Singh signs off: “Be more pro-active when it comes to your pension and expand your own knowledge by seeking professional advice”.

Ryan Smith is part of the content development team at Compare Annuity, working with a carefully selected network of annuity specialists offering retirees free, no-obligation quotes and advice on annuities. Gary Singh is an advisor at Sigma Wealth Management in the West Midlands.

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