Your IndustryNov 19 2015

Guide to topping up state pension

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Approx.60min

    Guide to topping up state pension

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      cisi-logo
      CPD
      Approx.60min
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      Introduction

      By Emma Ann Hughes
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      In return for a lump sum, they can secure a guaranteed inflation protected income for the rest of their life.

      Experts FTAdviser spoke to remarked that the price compares favourably with what it would cost someone in good health to buy a private pension annuity.

      Those in good health may find the top up beneficial, as it will provide a guaranteed income for life at a competitive rate.

      If they end up living a long time, this could be very valuable.

      Between 2 April 2014 and 31 August 2015, there were 16,780 registrations of interest in the state pension top up scheme.

      This guide will explain how your clients can top up their state pension, different ways to boost this type of retirement income, who could benefit and who could be worse off by taking the government up on their latest pension offer.

      Contributors of content to this guide are: Malcolm McLean, senior consultant at Barnett Waddingham; Catrina Ogilvie, senior consultant at Broadstone; Peter Bradshaw, national accounts director at Selectapension; Billy Burrows, director of Retirement Intelligence; John Wilson, head of technical at JLT Employee Benefits; David Trenner, technical director at Intelligent Pensions; and Steven Cameron, regulatory strategy director at Aegon.

      In this guide

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