It’s rarely good news when the UK bond market is headline news, so many Brits may be worried about the implications of the gilt market turmoil on their finances. Financial services firm Hargreaves Lansdown has explained the impact on pensions and annuities. Here’s Helen Morrissey, their head of pensions analysis: “Falling bond prices could cause concern for retirees who are coming up to retirement invested in lifestyling arrangements.
These move the member out of equities and into bonds the closer they get to retirement. However, there’s no need for knee-jerk reactions. Those who intend to remain invested through income drawdown have the ability to hold fire on drawing an income until the markets have recovered. Those who are looking to annuitise some or all of their pension pot will also likely find that the spike in gilt yields can push the income available from an annuity upwards, softening the impact.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Big tobacco and Chemist Warehouse battling to gain market share in Australia's pharmacy vape marketPharmacy chain Chemist Warehouse and big tobacco have become unlikely rivals, in a battle to gain market share among Australia's nicotine-addicted smokers and vapers.
Weiterlesen »
Little India Business Association in TurmoilA dispute over the management of the Little India Harris Park Business Association has led to allegations of financial impropriety and a government investigation.
Weiterlesen »