Tag Archives: retirement

Nothing in between Capped and Flexible? I can’t Adam & Eve it!

I’d like to share with you the extraordinary tale of two 60-year-old retirees, born on the exact same day. They are both in capped drawdown and they have both just received notification of their new income limits. Neither is happy.

Posted in Drawdown, Pension rules, Retirement | Tagged , , , | Leave a comment

Learning the Wrong Lessons

This chap is on holiday in Hong Kong and he’s just ticked off one of the tourist classics – he’s had a suit made. He goes back to his Kowloon hotel to show his wife and, to his surprise, she … Continue reading

Posted in Pension policy, Pension rules, Retirement | Tagged , , , | 2 Comments

Talking Rubbish

I have come to a startling realisation: it is just incredible how little attention we pay to detail, how imprecise we are, how much rubbish we inadvertently talk.

Posted in Pensions, Retirement | Tagged , , | 1 Comment

Smashing Milestones

Today our family celebrates something that nearly everyone seems to call a “milestone” for my dad. To tell the truth, I don’t think he’s that excited about it – the “milestone” thing, I mean, not the family gathering. Milestones don’t … Continue reading

Posted in Behaviour, Pension policy, Retirement | Tagged , | 1 Comment

Illustrations: 4 ways to mislead your clients

Forget CP11/03 or the Board for Actuarial Standards TM1, let’s take a step back, so we can see the wood for the trees, and ask a disarmingly simple question: what are illustrations for? Most would probably answer (1) to show … Continue reading

Posted in Education, Illustrations | Tagged , , , , | 3 Comments