Tag Archives: pensions projections

Bank of England “sticks” on Bank Repo Rate…and other news

Bank of England Monetary Policy Committee opts for “no change” to the bank base rate. European shares were slightly higher on this Thursday afternoon having fluctuated for much of the day’s sessions as investors responded to the latest announcements from … Continue reading

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Change to use of Government Actuarial Department’s Calculations for Pensions in Drawdown

Government Actuarial Department (GAD) Calculations for Pensions in Drawdown For drawdown plans effected after  26th March 2014, the maximum amount of income that can be taken during a ‘pension year’ will changed from 120% of GAD to 150% of GAD. … Continue reading

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Change to Pension Projections rules effective 6th April 2014

Change to Pension Projections effective 6th April 2014 As of 06/04/2014, the Financial Conduct Authority (FCA) have dictated that pension projections must use ‘real’ (inflation adjusted) rates of return.Where previously it was acceptable to include a note explaining the impact … Continue reading

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