Lyfords UK pension transfer service
Proposed change to minimum pension age

Proposed change to minimum pension age

Legislation in the UK will be introduced in the Finance Bill 2021-22 to provide a framework of protections and increase the normal minimum pension age (NMPA) from age 55 to 57 in April 2028. This measure increases the normal minimum pension age (NMPA), which is the...
Changes to UK Pension transfer regulations – residency

Changes to UK Pension transfer regulations – residency

From 30 November 2021 the UK Pension Regulator is requiring UK pension trustees and scheme managers ensure specific checks are made before complying with a member’s request to transfer their pension. Specifically pension members who wish to transfer their...
Covid-19: Business will never go out of business

Covid-19: Business will never go out of business

While the impact of Covid-19 on world economies has not fully played out and portfolios have taken a hit; in my opinion, we are not seeing a free fall in share markets. If you look at the US market from its high at the beginning of February to its low on 23 March we...
5 reasons to transfer your Defined Benefit scheme

5 reasons to transfer your Defined Benefit scheme

‘Final Salary’ schemes – also referred to as ‘Defined Benefit’ schemes – are a hot topic of debate in the UK. People are questioning whether to stay in these schemes, or cash out of them based on the incentives being offered to exit...
BREXIT: What will you do with your pension?

BREXIT: What will you do with your pension?

The on-going Brexit negotiations and subsequent demise of the UK exchange rate have resulted in Brits who have moved to NZ (good choice!) swinging on the end of a pendulum; wondering if they should wait for a more favourable exchange rate, or bite the bullet and...
How safe is your UK pension?

How safe is your UK pension?

It has been estimated that there is around £103 billion over 3,700 UK pension schemes in deficit compared with 1,800 in surplus. There are close to 11 million Brits holding defined benefit pensions. Out of that number it is estimated that 3 million will encounter...
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