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UK Pension News

Follow our blog for the latest UK pensions news, analysis and pension updates. All our articles are tailored to UK expats living in the USA. You can also follow us on LinkedIn for comments, tips, news and updates.

Radical Changes to UK Pensions Proposed by UK Chancellor

In the 2014 Budget the UK Government has proposed a radical overhaul of existing rules relating to how people access their UK pensions. While some changes have been introduced from 27 March 2014, it is the changes to be introduced from April 2015 that could have the greatest impact. A summary of some of the […]

UK House of Commons

Government Considers Income Drawdown Reform for those with Medical Conditions

Talks have been held between the UK Government and UK insurers regarding possible reforms to Income Drawdown rules to enable those with health conditions to take more income in retirement. Income Drawdown is a way for people to access their UK pension without purchasing an annuity. Personal pensions like Self Invested Personal Pensions (SIPPs) can […]

UK Pensions Minister: “UK annuity market is 30 years out of date”

Steve Webb, the UK Pensions Minister has continued his attack on the current UK annuity market. In a recent interview, Steve Webb confirmed the sentiment of many in the pensions’ industry – the current UK annuity market is out of date. In the UK, when a person wishes to start drawing their pension the most […]

Watercan nurturing coins

UK Chancellor Announces Ability for Over-60s to Boost State Pension Income

The Chancellor announced in the 2013 Autumn Statement that current pensioners, and those who will reach the State Pension age before April 2016, will be able to top up their Additional State Pension through a new class of voluntary National Insurance contributions. For those who have struggled to build up their full entitlement to the […]

New Year's Resolution

Have You Made a New Year’s Resolution for your UK Pension?

In addition to setting yourself those exercise and eating resolutions this year, why not also include two resolutions to help improve the occupational or personal pensions that you left in the UK when you moved to the United States? As pensions are often perceived as being complicated, people can neglect them until retirement has arrived. […]