On Friday 15 May our CEO, Romi, took part in a live pensions Q&A, hosted by Money to the Masses director Damien Fahy. Money to the Masses is one of the UK’s leading independent personal finance websites, empowering consumers to take control of their finances. Romi answered reader questions about consolidating your pensions, the options you have when drawing down your pension, and how to make the most of the Money Purchase Annual Allowance (MPAA).
Here are some of the key topics Romi covered:
- What the current financial climate means for pension savings and whether periods of economic uncertainty are a good time to consolidate old pensions.
- Why there’s been such a huge increase in the number of online scams as a result of the coronavirus pandemic, and the steps savers can take to protect themselves from pension scams.
- The different options you have when accessing your pension from the age of 55, how to reduce risk and why it’s important to think about your retirement goals long before drawing down.
You can watch the full replay of the Q&A below. If you have any questions that weren’t covered, let us know in the comments below or get in touch with us on Twitter!
Period | Market Event | FTSE World TR GBP (%) | 4Plus Plan (%) |
|---|---|---|---|
4Plus Plan’s inception – 6 Sept 2013 | QE Tapering, China Interbank Crisis and its aftermath | -5.44 | -2.41 |
3 Oct 2014 – 15 May 2015 | Oil price drop, Eurozone deflation fears & Greek election outcome | -5.87 | -1.77 |
7 Jan 2016 – 14 Mar 2016 | China’s currency policy turmoil, collapse in oil prices and weak US activity | -7.26 | -1.54 |
15 June 2016 – 30 June 2016 | BREXIT referendum | -2.05 | -1.07 |
