Take control, and take out a PEP too

Article Abstract:

Personal equity plans (PEPs) are a very flexible way of saving for retirement. They do not lock the investor's money away until the official retirement age, unlike traditional pension plans, and can therefore be very useful for funding early retirement or unexpected expenses. However, it is important to try to not to withdraw money invested in a PEP, as this will affect eventual retirement income. Money can be taken from a PEP to purchase an annuity at a time when interest rates are high, and PEPs generally offer a lower charging structure than traditional pension funds.

Financial planning, Retirement planning

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The Maxwell effect

Article Abstract:

The death in 1991 of Robert Maxwell had a significant impact on the UK pensions industry, in particularly in leading to new pensions legislation. Pension schemes are now much more closely regulated that they were before Maxwell's death, ensuring that nobody else can act as he did and fund business activities from money which should have been placed in staff pension schemes. However, it is still important to exercise caution when selecting a pension fund.

Management, Pension funds

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Spreading the risk to maximise your investment

Article Abstract:

Unit trusts and investment trusts operate as collective investments, allowing risk to be spread among the shares of a number of different companies. However, there are key differences between these two investment vehicles. Unit trusts, which are more widely used than investment trusts, are a fund divided into equal units which can be purchased and sold. In contrast, investment trust shares are not directly connected with performance.

Mutual funds

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