Over the last few weeks there's been a lot of focus on housing and older people, with the government's White Paper on housing looking at ways to encourage older people to downsize. But not everyone wants to sell up. Last year people released over £2 billion of equity from their homes. So, how can you make money from your property? What are the options and what do you have to bear in mind? Sarah Pennells was joined in the studio by Jane King who's from Ashridge financial planning and by Ceri Wheeldon who's the founder of the website Fab After Fifty.
Before the pensions freedom came along in 2015, many people using a pensions pot bought an annuity. But since then many providers have stopped selling annuities, or will be fading them out in the future. But what does this mean for you? Joining Sarah in the studio are Alistair McQueen from Aviva, Michael Bousfield from independent financial advice firm Helm Godfrey and David Blake, the Director of the Pensions Institute.
It's been over a year since changes to the rules on pensions which meant that you don't have to buy an annuity - a product that converts a pension into a regular income. But for those who want that security of an income that's guaranteed for as long as they live, there's bad news as annuity rates have been falling. Sarah Pennells talks to Billy Burrows from William Burrows annuities and Andrew Tully from Retirement Advantage.
If you're self-employed and need to set up a pension, where do you start? Sarah Pennells looks at a recent report published by Royal London with former Pensions Minister Steve Webb, currently Director of Policy at pensions and life insurance provider Royal London. Paul Allington founder and head of The Code Guy, gives his own account of setting up his pension, while Claire Walsh, Chartered Financial Planner and Head of Advice at Unbiased, gives advice on how to set up a pension plan. Sarah discusses whether the new Lifetime ISA can also help people set their pension.
If you’re thinking about retiring, what things should you look out for? Sarah Pennells is joined by Rowena Griffiths, from Female Adviser, and Michelle Cracknell, from the Pensions Advisory Service, and Jamie Jenkins, from Standard Life. Together they look at what to do with your pension once you retire, analysing the difficult jargon in more detail and simplifying the daunting paperwork in pension forms.
Ever been affected by a pension scam? Alan Higham, from Pensions Champ, Michelle Cracknell from the Pensions Advice Service and Rachael Badger, from the Citizens Advice Bureau talk to Sarah Pennells about cold calls and how to protect yourself from them.
With the tax year coming to a close, many people are looking to spring clean their finances. Sarah Pennells talks to Alison Steed, founder of the money saving website MyMoneyDiva.com, James Jones of Experian and Terry Donohoe of debt advice charity StepChange, to advise you on the best way to sort your finances.
Sarah Pennells discusses the 2016 budget announced by George Osborne earlier this week with guests Jane Moore, from ICAEW, Richard Blanco, a spokesperson of the National Landlord Association and Independent Landlord, Caroline Le Jeune, of London tax accountants Blick Rothenberg and Clair Walsh, an Independent Financial Adviser at Aspect8. Together they go over the recent announcements in this week's budget, looking at the main announcements, and how they could they could affect long-term investments.
Jane Moore, Richard Blanco, Caroline Le Jeune, Claire Walsh
Sarah Pennells is joined in the studio by Rachael Saunders from Business In the Community, and over the phone by Michelle Cracknell of The Pensions Regulatory Service and Fiona Tait of Royal London. Sarah and her guests talk about working in retirement and setting up a small business whilst receiving your pension . Sarah and her guests discuss the practicalities of setting up a business in retirement, as well as looking at what the rules say about receiving your pension whilst still at work.
Sarah Pennells is joined in the studio by Malcolm McLean from Barnett-Waddingham and Claire Walsh from Aspect8 as well as on the phone with Jonathan Bland from Pension Geeks and Robert Cochran of Scottish Widows to talk about pensions and the Pensions Awareness Day 2015 Campaign.
Malcolm Mclean, Claire Walsh, Jonathan Bland, Robert Cochran